Rising Rental Values For Multi-Storey Apartments In Sec 119, Noida

Luxury Homes Become The New Buzzword In Noida

With good connectivity, accessibility and available facilities, sector 119 in Noida has become one of the preferred locations for those looking for apartments on rents. According to the market sources, the projects such as Gaur Grandeur and Amarpalli Platinum City in sector 119, Noida are attracting high rental values.
These projects had sold out all the flats within days of completing construction. However most of the owners have not moved in and instead have rented out their property, says a D.S.Sarna, a local property dealer from Sarna Realtors and Finance.
Sector – 119 is an upcoming prime location of Noida. It is merely 3 km away from Sector – 50 markets and is directly connected to FNG road (i.e. Faridabad Noida Gurgaon Road). The rentals in sector- 50 have shot up in the recent past which in turn has lead to increased demand in sector 119 said another realtor from the area, Mohammed Sharique, of Grace Land Pvt Ltd.
As per MagicBricks.com data there has been an increase of 10% in the rental values here in the Jan-March quarter. The rental rates varied between Rs 10-11 per sq ft. The current rental rates prevailing here vary between Rs 10,000-12,000 for a 2BKH and around Rs 15,000- 18,000 for 3BHK per month added the local realtors.
The unrivaled combination of being located far from the hustle & bustle of the thriving metropolis along with excellent connectivity to all parts of the city and nearby areas through Noida-Ghaziabad and Greater Noida- Ghaziabad Roads, has further augmented demand in this sector. This high demand has allowed the owners of apartments here to reap benefits through increased rentals.
It is just is 5-7 minutes drive away from metro station, forties hospital, 2-3 minutes drive from FNG express highway, 10 minutes drive from Atta Market, sector-18, which are added advantages.
Source-Magicbricks

1 Comment
  1. Umesh 1 year ago

    Prospective house owners who have been fighting battles to get possession of their properties from the builders will now have to pay more for registering their property due to the recent proposal by the UP Registration Department.

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