Each person has a definition of ‘luxury’, depending on his or her social status and lifestyle. Thus, developers cater to a wide variety of demands, even within the ‘luxury homes’ segment.
In recent times, Noida-Greater Noida and Ghaziabad have seen an upsurge in the demand for luxury homes. With higher disposable incomes, the confidence is visible not just among buyers, but also among sellers.
Taking a cue, several builders in the NCR have begun developing better and larger ‘luxurious homes’. Gardenia Group has launched Golf City and Gardenia Gateway in Sector 75; Gardenia Glory in Sector 46 and Gardenia Grace in Sector 61 in Noida. The Gardenia Group has committed to deliver over 4,000 dwelling units in next two-three years.
The Antriksh Group has launched Antriksh Forest in Sector 77, Antriksh Golf View 1 and Golf View 2 in Sector 78, Antriksh Nature in Sector 52 and Antriksh Green in Sector 50, in Noida. Antriksh Nature and Antriksh Green are nearly complete, while Antriksh Forest and Golf View are under construction.
Amrapali Sapphire in Sector 45, a premium project of Amrapali Group has been launched in two phases; phase one is being built at a cost of Rs 275 crore and is over 10 acres. Amrapali Group is poised to deliver over 1,100 houses in these two phases.
Supertech Group has launched a unique circularshaped residential project, ORB, in Sector 76, Noida. The project has been masterminded by Bollywood star Twinkle Khanna. Prateek Group has launched a luxurious residential project, Prateek Stylome, in Sector 45, Noida. JM Housing Ltd’s JM Orchid in Sector 76 and Grand Ajnara Heritage in Sector 74 are some of the other luxury developments in Noida. It is on a 130-metre-wide road near the 6-lane FNG expressway and is over 104 acres.
Anil Sharma, the chairman and managing director of Amrapali Group, says: “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.”
Rakesh Yadav, the managing director of Antriksh Group, says: “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.”
Manoj Rai, the chairman of Gardenia Group, says: “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.” R K Arora, the chairman and managing director of Supertech Group, says: “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.”
“Our project, Kaamna Greens, will not only elevate the lifestyle but will protect life by being a state-of-the-art earthquake- resistant residential project complying with earthquake Zone 4 regulations,” Gurinder Singh Sikka, chairman and managing director of Sikka Group, says. Prashant Tiwari, the managing director of Prateek Group, says: “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.”
Ashwani Prakash, the executive director of Paramount Group, says: “Golfforeste is one of our prestigious projects. It is on a 130-metrewide road near the 6-lane FNG expressway and is over 104 acres.”