Metro Rail To Steer Property Market In Noida Sector 137

Life is full of uncertainties, but, as far as Sector 137 of Noida is concerned, one thing is for sure that its real estate market is going to witness a demand upsurge in 2018. Are you wondering why we are so certain about it? There are quite strong reasons behind our belief. Let us discuss some major ones here.

High-quality, ready-to-move-in properties

The locality has emerged up as a potential residential hub in Noida with over a dozen projects that have given possession to homebuyers. The projects such as Purvanchal Royal Park, Exotica Fresco and Gulshan Vivante are the top societies which enjoy popularity among homebuyers as well as tenants.

These are well-maintained societies with fully-equipped club houses, swimming pools, gymnasiums, yoga centres, community halls and grocery stores, etc. Security and safety systems are quite advanced and do not leave any doubts in the minds of residents.

There are several other projects such as Paras Tierra and Supertech Ecocity which have an impressive level of occupancy. In overall, the area looks lively with availability of all the facilities inside and outside the project locations.

The locality will also be home to a large format shopping mall, which is currently under construction.

Launch of Metro Rail services from April 2018

Properties in Sector 137 will gain tremendously once the Metro Rail services are launched. According to news reports, around 95 per cent construction work has been completed, and the Metro Rail services will be started from April 2018.

The 30-kilometre stretch covered by the Aqua Line will connect Noida with the Kalkaji Mandir-Botanical Garden section of Delhi Metro on the one hand, while on the other hand, it will extend up to Greater Noida.

Property prices in Sector 137

The current property prices in Sector 137 are in the range of Rs 5,000-8,000 per square foot (psf) . There is a limited inventory of ready-to-move-in units in the primary market. However, the investors who had purchased property at this location earlier are now opening up their cards.

It is quite likely that the inventory will be put on hold for now as the investors will wait to let prices go up after the launch of Metro rail services in April 2018.