Luxury is a subjective word. Each person according to his or her own social status and lifestyle can define ‘luxury’ in a different way. Thus, developers cater to a wide variety of demands even in the category of ‘luxury homes’.
Noida-Greater Noida and Gurgaon have seen an upsurge in the demand for luxury homes, in recent time. With the overall economy back on track and with better disposable incomes, the confidence of buyers, and sellers, too, has improved. This has led several builders in the NCR to develop better and larger luxurious homes.
Today, Noida is the hub of developments with most of the developers, with a presence in Delhi and the NCR, having projects in Noida-Greater Noida. This development is a result of robust demand and the availability of houses in various categories and price ranges. Luxury is surely the new buzzword in Noida.
Prashant Tiwari, the managing director of Prateek Group, says: “Previously, people who wanted to purchase luxurious homes headed for Gurgaon, but with the development of luxurious projects in Noida, people are gravitating towards Noida.”
Prateek Group has recently launched a new luxurious residential project, Prateek Stylome, in Sector 45, Noida. The project would be a low-density project with just 545 apartments over nearly 8 acres. Its strategic location ensures the project has great connectivity.
The size of the units starts from 1,845 sq ft and goes up to 3,625 sq ft. To give them a grand look, the ceiling’s height has been increased to 10.5 feet and the door heights at 8 feet. Apart from all the regular features, the apartments have a private splash
pool and a steam bath facility in the master bedroom. Tiwari says, “Prateek Stylome will be a landmark in luxurious dwellings in Noida for several years to come.” The apartments have been priced at Rs 4,250 per sq ft, plus additional charges.
After developing projects like GC Centrum and the GC Grand in Indirapuram, Gulshan Homz has now launched, Vivante, in Sector 137, Noida. The company also launched ‘Vivante Select’ recently, a premium category luxury dwelling within the same project. Units in Vivante have been priced at Rs 3,400 per sq ft and in Vivante Select the price begins at Rs 4,050 per sq ft.
Another developer who has gradually drifted towards luxury dwellings is JM Housing limited, based in Noida. With the success achieved by ‘JM Orchid’ in Sector 76, the company is planning to come up with a luxury project, but at lesser rates, in Sector 75, sometime in the near future.
The real estate sector is once again booming and builders are leaving no stone unturned in luring customers with attractive packages. Since the time the Noida Expressway became operational, the real estate around the stretch has seen a tremendous response. Noida-Greater Noida Expressway is witnessing some of the fastest pace of construction activities in the whole of Noida.
A number of prestigious and premium projects are taking shape in Greater Noida. And the buzz is ‘affordable and luxurious’. Several projects are coming up at Site C (Housing Extension), near FNG Express Highway in Greater Noida, opposite sector Zeta One.
Ashwani Prakash, executive director of Paramount Group, says: “One of our prestigious projects is ‘Golfforeste’, situated on a 130 meter wide road near the 6-lane FNG expressway and is spread over in 104 acres. One of the USPs of this project is the exceptional view to the greens. For those who love a peaceful and laidback lifestyle, this is a place that will allow them a rendezvous with nature.”
This project will be reaping rich dividends as it is close to well-developed infrastructure and has good connectivity. This development is taking place over nearly 150 acres, provided by Uttar Pradesh State Industrial Development Corporation (UPSIDC). Development works like construction of roads, drains and culverts, water supply, sewer lines, internal electricity seem to be in place and can become a favoured destination for end users and investors in the near future. Builders like Ashiana Promoters, Paramount Group, JDK Developers, Cosmos Infrastructure, Design Arch, Ansals, Vigorous Agency, etc, have a presence here.
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