The Mahagun Mywoods Phase III in Noida Extension

Anyone who is making a living in Delhi or the National Capital Region (NCR) aspires of owning a house at a convenient location. It is his or her aspiration since the present day real estate prices have been consistently hitting the roof. Delhi has hardly remained every one’s choice owing to the steep rise in prices and secondly owing to the excessive congestion.

The limited space in Delhi unable to meet the rising demands of the increasing populace in Delhi, the migration to the outer peripheries was automatic. This demand led to the development of the satellite towns of Gurgaon and Noida. There are huge numbers of people who are residing in the now declared NCR towns and working in Delhi.

The demand for real estate in the NCR towns led to these towns being extended to the adjoining towns and villages. Greater Noida and later the Noida Extension are a fallout of the stretching the limits of Noida. Presently, Noida Extension is one of the areas that are witnessing new range of commercial and residential activity. Noida Extension is incidentally the name given to the unification of sixteen villages in the Gautam Budh Nagar in Uttar Pradesh. Noida Extension is part of the Government plan to provide residential options to the people residing in the NCR.

There has been incessant real estate activity in Noida Extension in order to fulfill the long-standing demand of those looking for a quality residence. Among the premier residential options that are available in this town, the Mahagun My Woods Phase 3 by the Mahagun Group stands out as very promising.

The Mahagun Group is among the older, experienced and a reputed real estate developer. This company has been in the construction for more than forty years. With a vision to provide people with better and qualitative life, the Mahagun Group has been involved in the development of superior quality residential and commercial space. The Group has been involved in making use of the best construction techniques that has served as its USP.  The Mahagun Group has therefore employed the best designers, architects, engineers and skilled workers who have the potential to deliver the best.

The Mahagun Mywoods Phase III in Noida Extension is one such offering by the group. This offering provides the best residential option at an affordable price. The buyers have the choice of selecting from 2 BHK and 3 BHK houses that are complete with the solace and the comfort of a luxury apartment. The apartment has been built close on the heels of the successful Phase I and Phase II that were developed previously.

The builders have left no stone unturned to provide the best to the residents. This is being developed as gated community that has all the required amenities in its vicinity. As the construction draws closer, the area is likely to witness the development of a commercial arena. The apartment is also well connected to the Railway Station in Delhi. This residential complex is not very far from the Shipra Mall and at the same time is close to all other places of commercial activity in the area.

Thriving realty along the metro link in Noida

The adjoining areas of Delhi NCR have been constantly feeding exodus of working class population that has habilitated in Noida. Already cluttered with multiplying population base, Noida has witnessed, sprawling commercial and residential real estate in past three years.  Being termed the media city of northern India, Noida hosts all the electronic channels in the northern zone. Moreover, with religious sites, amusements parks and Budha international circuit in Greater Noida, this part of Uttar Pradesh has become a sorted terminus to settle for.

Owing to skyrocketing prices in Gurgaon and exorbitant accommodation in Delhi, Noida, lately has been accommodating non-natives in large numbers.  A combination of all these factors has led to a number of developers to invest in residential realty sector.  Apparently, latest of all the lucrative zones for real estate in Noida has spurt along the metro – rail corridor, proposed from Noida till Greater Noida. As elaborated above, growing demand for housing has stretched the gap between demand and supply of residential spaces in few areas of Noida. The construction that has now started on a massive scale in this corridor will result in the gap getting mended and also solving a major requisite of homes. Some of developers are double timing the construction work to fulfill the urgent need of housing in this corridor. To the relief of developers, governments of Noida and Greater Noida have sanctioned the increase of floor area ratio (FAR) on both the sides of this metro link. The link will stretch to an expanse of 29 kilometers and the earnings from neighboring developments will be channelized to support the metro infrastructure. FAR is projected to increase by 0.5% on both the sides of metro link for a depth of 500 meters. Funded with INR 5000 crore, metro rail link and the increment of FAR along this route has brought cheer to the developers in Delhi NCR.

Earlier the FAR stood at 2.75 which is going to surge at a level of 3.5 now. The group accommodation ventures along many sectors will be substantially benefitted with 200 more residential units under increased FAR. Beside the growing number of units and habitants, infrastructural investments are subjected to receive a robust boost on this route. The metro link for a stretch of 29 kilometers will eventually invite more builders to not only construct condominiums along this route but  also in sectors demarcated in a radius of more than 15 kilometers of this region.

The real estate projects, planned at present will be privileged for the flexibility of adjusting the specifications and lay outs in tandem to the increased FAR.  Proposed JVs have started bidding for more partners to invest and many commercial and retail pockets are already developing in this division. It is evident that Noida is going to be stage for burgeoning realty sector in the coming future. It is swiftly catching up to pace of south Delhi and Gurgaon in terms of value chain for properties and investments.