Noida Sector 29 has emerged as a place with great amenities, modern infrastructure, strategic location and connectivity. These factors thus contribute to its demand for residential and commercial properties. Buyers or sellers need to learn about the circle rates in the area to ensure the correct evaluation of the property. Having such knowledge would also help you in negotiating and making the right decision.
Noida Sector 29 is located in Uttar Pradesh (UP) and has a great link with other parts of the state. There are various modes of transportation, such as the metro and roadways, that further enhance connectivity. The nearest metro station is the Noida City Centre Metro Station, which is also the reason to attract residents and businesses towards Noida Sector 29.Â
See also: Circle rates in Sector 94, Noida
Real estate market in Noida Sector 29
As Noida Sector 29 provides access to various facilities, the real estate sector is definitely influenced. It has well-planned complexes, commercial properties, educational institutions, hospitals, malls, and recreational areas. This sector also has various schools and institutions that provide diverse academic courses.Â
When it comes to the location of Noida Sector 29, it is strategically located near major commercial spaces. This makes it an attractive sector for employees who are working in Noida and the closer areas. The presence of these commercial hubs and businesses offers a lot of employment opportunities that further lead to the overall development and growth of the area.Â
Various factors are responsible for influencing the circle rates in Noida, Sector 29. These factors include location, infrastructure, demand and supply, amenities, connectivity, and overall market trends. State authorities consider all these factors to determine the accurate circle rate that directly affects the property prices of the locality.
Circle rates for residential properties in Sector 29 Noida
| Roads | Circle rate (per sq m) |
| 12 m to 18 m road | Rs 75,600 |
| 18 m to 24 m road | Rs 79,200 |
| 24 m road and above | Rs 82,800 |
Circle rates for commercial properties in Sector 29 Noida
| Plot size (sq m) | Circle Rate (per sq m) |
| Up to 100 | Rs 3,15,000 |
| 100-1000 | Rs 2,59,000 |
| 1000-10000 | Rs 1,66,000 |
FAQs
How to calculate the circle rate of my area?
You can use this formula to check the circle rates. Circle rate= Part of the land ratio x land cost + flat area x building cost + common area x cost of construction.
What is the circle rate in the Noida Extension?
The circle rates for residential plots in Noida Extension are approximately Rs 23,100 per sq m. Also, the circle rate for flats is Rs 26,000 per sq m.
What is the difference between properties in Noida and the Noida extension?
Noida Extension is more affordable than other areas in Noida. In comparison, Noida is more established with several opportunities, commercial centres, and business parks.
Do I have to make a floor-wise registry in Noida?
Yes, Noida approves floor-wise registry on plotted houses.
How is the circle rate different from market value?
The circle rate is the minimum price of the property, determined by the State government. In comparison, the market rate is decided by the seller.
Is it compulsory to pay house tax in Greater Noida?
Yes, it is mandatory to pay property tax in Noida for all property owners.
Which sector is best for bachelors in Noida?
Noida Sector 39, Uttar Pradesh, is a popular area with excellent medical facilities. This sector is well-developed and a good place to live for students, families, and bachelors.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
