Developers Eye 'Luxury Homes' in Noida

Bangalore: In today's date, most of the people are shifting from traditional home to luxury home concept, which leads to the growing demand for luxury homes in India.

Likewise, NCR-region is observing more real estate activities in luxury home segment, mainly Noida-Greater Noida and Ghaziabad. Considering the fact of high demand, developers are now launching better and larger ‘luxurious homes’.

The chairman and MD of Amrapali Group, Anil Sharma cited that “Today, Noida is the hub of development with most of the developers in the Delhi NCR active here. The development is the result of a robust demand and the availability of houses in various categories and price ranges. Luxury is surely the new buzzword in Noida.” The same Group has launched one premium residential project known as Amrapali Sapphire in sector 45.

In Noida, Gardenia Group has introduced Gardenia Gateway and Golf City in sector 75; Gardenia Glory and Gardenia Grace in sector 46 and sector 61, respectively. Adding to it, the group is planning to launch more than 4000 housing units in Noida in coming two-three years. The chairman of Gardenia Group, Manoj Rai, stated that “Once again, the real estate sector is on a boom and builders are not lagging in luring customers with attractive announcements. Since the time the Noida Expressway become operational, the real estate around the stretch has seen a tremendous response,” reports Economic Times.

Rakesh Yadav, MD of Antriksh Group cited that “Antriksh Golf View in Sector 78 presents dream apartments for buyers, which include 2- and 3BHK, at reasonable prices. There has been an increase in investments in Noida, Greater Noida and Ghaziabad owing to the increased urbanization of these areas.” Also, the Group has introduced Antriksh Nature and Antriksh Green in sector 52 and sector 50 respectively

Adding to it, Supertech Group has introduced ORB, a unique circular-shaped residential project in sector 76, masterminded by Twinkle Khanna, Bollywood star. R K Arora, the chairman and MD of Supertech Group, stated that “ORB is a part of our 50 acre integrated township project, which will comprise 3- and 4BHK apartments. Units are in the range of 2,215 sq ft to 4,270 sq ft. The project has been innovatively designed for maximum interior space and 180 degree view,” reports ET.

Prashant Tiwari, the managing director of Prateek Group, stated that  “Previously, people who wanted to purchase luxurious homes used to move towards Gurgaon but with the development of luxurious projects in Noida, people are making a beeline for Noida.”

Prateek Group’s Prateek Stylome and JM Housing’s JM Orchid and Grand Ajnara Heritage are some of the other luxury residential projects in Noida.