If you’re looking to buy or invest in residential property in Noida, there are a few different types of segments to choose from. Plots, villas, and flats/apartments are the three main options, each with its own set of advantages and disadvantages. So, which one is best for you?
It depends on your individual needs and preferences. Plots are perfect for those who want to build their dream home as per their specifications. However, they are usually located in gated communities and may not have all the amenities that villas or flats/apartments offer. Villas, on the other hand, are larger and more luxurious than flats/apartments and usually come with amenities like a swimming pool, garden, etc. But they are also more expensive. Flats/apartments are the most popular type of residential property and are available in various sizes and configurations. They are Affordable, Mid End, Premium, and Luxury. So, there is something for everyone. It is important to weigh all the options before making a decision. Consider your budget, the location you want, and the amenities you need before choosing the right type of residential property for you in Noida.
Plots available in Noida and by-laws
Noida is home to several residential plotted developments, making it a popular choice for those looking to buy a plot of land for appreciation. Plots are also perfect for those who want to build their dream home as per their specifications. In this section, we will explore plots, as available in Noida, and the by-laws about them.
Noida Authority had allotted plots in the earlier sectors. These plots, which are available from 100 sq. mt to 500 sq. mt, have seen substantial appreciation over time, to almost 15-25 times the original allotted price. The plotted sectors were developed by Noida Authority along with necessary social infrastructure such as neighborhood shopping centers, schools, parks and playgrounds.
Recently, Noida Authority has introduced a new kind of plot under the category of Village plots or the 5% plot scheme, in which villagers were given developed plots, to the tune of 5 percent of their land acquired. The sectors with village quota plots are 45, 70, 71, 104, 112, 116, 117, and 122.
If you’re interested in buying a plot of land in Noida, there are a few things you should know about the process and the by-laws. Here is a brief overview:
- The Noida Authority allots plots of land through a bidding process. The winner of the bid has to pay the total amount of the plot within 90 days of the allotment.
- Plots are also available for resale, in which transaction is done through one-to-one negotiation.
- Floor-wise registration of built areas on individual plots is not allowed in Noida. So, the plot and the built space are registered under the same person’s name.
Building By-Laws for the development of Plots as per the Noida Authority
- For residential plotted developments in Noida, plots up to 300 sq. mt have a ground coverage of 75%. For 300 to 500 sq. mt., the ground coverage is 65%. And for 500 to 750 sq. mt., the maximum ground coverage is 60%.
- The FAR or floor area ratio of plots up to 500 sq. mt. is 1.8. For plots above 500 to 750 sq. mt., the FAR is 1.5.
- Maximum building height in all sizes of plots shall be 15 Meters.
These by-laws are in place to ensure that all developments are carried out safely and effectively, and to protect the interests of all plot owners. Before beginning any development on your plot, you must first obtain the necessary approvals from the Noida Authority.
Villas available in Noida
If you’re looking for a luxurious and spacious home in Noida, a villa might be the right choice for you. Villas are stand-alone homes that often come with features like swimming pools and gardens, and they’re preferred by those who want a gated community lifestyle. Here are some things to keep in mind if you’re considering buying a villa in Noida:
- There is limited availability of villas in gated societies in Noida, so if you’re set on this type of home, you’ll need to act fast.
- Villas are primarily targeted toward the luxury segment and are often developed as duplexes or triplexes.
- Villas are available as part of township projects or large residential or group housing societies of private developers.
- In addition to the benefits of a plotted layout, villas in Noida also offer the perks of a gated society and offer various amenities. Keep in mind that amenities like swimming pools and gardens come at an additional cost.
Overall, if you’re looking for a luxurious and spacious home in Noida, a villa might be the right choice for you
Flats/Apartments available in Noida
Noida has witnessed the launch of approximately 2 lacs apartments in the last decade, making it a booming city for residential property. It has a variety of residential apartments to choose from, including affordable, mid-end, premium, and luxury options. Each category offers a range of sizes, configurations, specifications, and amenities to suit different needs and budgets. It can be difficult to define each category precisely, but in general, the pricing, specifications, furnishings, facilities, and unit sizes may be used as guidelines to categorize them.
Most of these apartments are private developer-led, meaning that there are many different developers to choose from as well. And with so many options available, there’s sure to be an apartment that’s a perfect fit for you.
Affordable Residential Apartments in Noida
If you’re looking for a budget-friendly apartment in Noida, you’ll want to consider an affordable housing option. There are a few things you should keep in mind.
- Residential apartments in the affordable housing category typically have small unit sizes ranging from 400 to 1,000 square feet.
- The price range for a 2BHK would start from INR 35-45 lacs..
- You can expect to find features like Vitrified Tiles or Kota stone flooring, Acrylic Emulsion paints without POP on walls, granite or marble kitchen top with basic fittings, Basic switches, concealed wiring, and provision for air-conditioning in affordable apartments.
- In terms of facilities, the project may have a basic clubhouse where only basic entertainment and lifestyle activities
Currently, there are limited affordable housing options in Noida but there are many available in Noida Extension or Greater Noida West. Keep in mind that while these options may be more affordable, they may also be located further away from the city center.
Mid-End Residential Apartments in Noida
Mid-end apartments in Noida are a great option for those looking for reasonably priced accommodation that still offers a good range of features and amenities.
- These types of apartments typically have unit sizes ranging from 1,000 to 1,500 square feet, and prices start from around 60 lacs.
- In terms of specifications, you can expect to find features like vitrified tiles or marble flooring, acrylic emulsion paints on walls, granite or marble kitchen tops with basic fittings, and provision for air-conditioning.
- In terms of facilities, the project may have a basic clubhouse with some entertainment and lifestyle activities, as well as a swimming pool and landscaped green area.
- Security is generally good, with two-tier security systems in place.
Overall, mid-end apartments in Noida offer a great combination of value for money, features, and amenities, making them a popular choice for many homebuyers
Premium Residential Apartments in Noida
You’ll want to consider a premium residential apartment, If you’re looking for a luxurious and comfortable home in Noida. You’re probably wondering what exactly you can expect in terms of pricing, features, and amenities. Here’s what you need to know about premium residential apartments in Noida.
- These types of apartments typically have unit sizes ranging from 1500 to 2500 square feet, and budgets starting at INR 90 lacs to INR 2 cr.
- In terms of specifications, premium residential apartments often offer features such as oil-bound distemper, modular kitchens with granite countertops, premium CP fittings, split ACs in the bedroom and living room, modular wardrobes, wooden flooring in the bedrooms, and premium tile or marble flooring in the living areas and common spaces.
- Some high-end apartments also come with additional features such as split ACs or VRV air conditioning, large clubhouses, swimming pools, and other lifestyle amenities such as multipurpose game courts, indoor game areas, high-speed lifts, etc.
When considering a premium residential apartment, buyers should keep in mind the unit size, budget, and specifications to ensure they are getting the best value for their money. With so many luxurious features and amenities available, premium residential apartments offer a comfortable and convenient lifestyle that is perfect for those who want the best of everything.
Luxury Residential Apartments in Noida
Noida is becoming increasingly popular with luxury home buyers due to its proximity to Delhi and its excellent infrastructure. If you are considering buying a luxury home in Noida, here is what you need to know
- Luxury projects in Noida have unit sizes starting from 2,000 sq. ft.
- The budget for these projects starts at INR 2 cr onwards.
- These projects typically have large-size units in 3, 4, 5 BHK simplexes, duplexes, and penthouses.
- Some of the luxurious specifications in these homes include imported marble flooring in living and common areas, premium wooden flooring in bedrooms, VRV air conditioning, high-end modular kitchen, premium bath fittings, jacuzzi, card access,
- Amenities and facilities may include a concierge team, high-speed elevators, a high-end club, and play area, and beautifully landscaped gardens with three to five levels of security.
With numerous options available, you are sure to find the perfect luxury home to suit your needs as per your budget.
Conclusion
If you’re considering buying a new home in Noida, then you have many options available to choose from. Whether you’re looking for an affordable option, a luxurious option, or something in between, you’re sure to find what you’re looking for in this rapidly developing city. With so many options available, it’s important to consider your budget and needs before making a decision. With excellent infrastructure and proximity to Delhi, Noida is becoming an increasingly popular choice for luxury home buyers too. So if you’re in the market for a new home, be sure to check out the various options available in Noida. You’re sure to find the perfect place to call home. You can also download this article as a pdf, It includes all the information you need to make an informed decision about what to expect when buying residential property in Noida.