The demand for flats and apartments in Greater Noida as a real estate investment destination has grown significantly over the past few years. Pari Chowk stands out to be the first locality to be developed in the city and continues to see maximum traction. From affordable homes to commercial properties, Pari Chowk is a locality to invest in. Many residential projects are located close to Pari Chowk, such as Migsun Golfiana, Migsun Ultimo, Ametek Plots, Migsun Green Mansion, VVIP Meridian Towers, Migsun Jor Bagh and more. These projects have attracted many buyers in their region, and the same effect is seen on the other projects in Pari Chowk. Keeping aside the demand for apartments, Pari Chowk is also gaining popularity in terms of Villas as well. Such properties include Migsun Vilaasas, Migsun Vasant Vihar Villass and more.
Currently, the capital values of Pari Chowk lie in the range of Rs 3102-3995 per sq ft. However, the rental values in residential pockets near the vicinity of Pari Chowk Range are between Rs 10 to Rs 20 per sq ft per month. These prices are set at a reasonable amount while providing great connectivity and many employment opportunities at the same time. Thus, there is no doubt that Pari Chowk has witnessed great overall development in the last few years. The following are some crucial factors that contribute to how Pari Chowk is becoming the best investment locality in Greater Noida.
Prime Location
Pari Chowk is situated in the middle of the Eastern and Western region, and close to Dadri, which is a crucial industrial district. With this, Pari Chowk shares great connectivity with the Yamuna Expressway as well. The new establishment of Pari Chowk Station on the Noida Metro Aqua Line has added great value to the locality’s connectivity. As the area is close to the six-lane Noida Ghaziabad Expressway, it has become a crucial element of Greater Noida’s realty growth.
Social Infrastructure
Pari Chowk is filled with many leading hospitals, recreational centers, and colleges. A few renowned schools, such as Delhi Public School, Ryan International, and GD Goenka, are close to the area which makes it a family-friendly place to live. Furthermore, many high-end hospitals, including Yatharth multispecialty hospital, Kailash Hospital and Sharda Medical are situated within the city. When it comes to entertainment and weekend leisure centers, the area has MSX malls, Ansal Plaza, Sports Complex and more.
Housing Scheme
Pari Chowk consists of numerous housing societies that offer flats and apartments at a reasonable price. These societies come with gated communities while offering family-friendly amenities such as a gym, parking facilities, tracks, and more. Furthermore, the Uttar Pradesh Housing Board provides homes that are government-affiliated housing societies through a lottery system. The lottery winners are offered flats and apartments at nominal rates that are usually ranging from Rs 15 to Rs 30 Lakh.
Real Estate Potentials
Pari Chowk is located close to many prominent sectors for real estate investment in Greater Noida, such as Omega-1, Knowledge Park -1 and Alpha -1. These localities are generally famous for providing affordable apartments at prices that range from Rs 40 lakh to Rs 60 lakh. For instance, the average capital values in Alpha-1 range from Rs 3,868 and Rs 4,548 sq ft and Omega-1 ranges from Rs 3,102 to Rs 3,570 per sq ft. The area witnessed a depreciation of almost 4.9% in average capital values, but the effect is for the short term and will not hinder the growth of Pari Chowk in the long run.
Conclusion
Pari Chowk has emerged as one of the lucrative investment destinations in Greater Noida. It continues to provide a wide range of facilities in terms of having a luxurious lifestyle and great working space. With the upcoming metro, the area promises to provide great proximity to different business districts and lucrative housing sectors. Thus, it makes Pari Chowk one of the favorable realty hotspots in Noida for the near future.
