Real estate profiling of noida sector 18

REAL ESTATE PROFILING OF NOIDA SECTOR 18 November 2010
Real Estate Profiling of NOIDA
Sector - 18
Nipesh P Narayanan
Ramandeep Singh
November 2010

CONTENTS
• INTRODUCTION
• PROFILING
– Shops (Retail)
– Mall
– Offices
• CONCLUSION
INTRODUCTIONPROFILING-Shops,Mall,OfficesCONCLUSION

NOIDA
• NOIDA is abbreviated from New Okhla Industrial Development Authority
• NOIDA came into administrative existence on 17 April 1976 (During
Emergency, as a part of an urbanization thrust)
• The city was created under the UP Industrial Area Development Act
• NOIDA is developed on a land with loose soil and sand of
the Yamuna river bed
• NOIDA is the largest industrial town of Asia, with existing Government
projects including projects to develop parks in 165 acres of the land
comprising of 95 acres green belt and 150 km road side tree-plantations

NOIDA
• NOIDA's proximity to Delhi and the increased pressure on land due to
economic boom has been a positive factor in NOIDA's development.
• Land rates were in the Rs. 3,000-15,000/m² range till about 2006 which
have soared to Rs. 30,000-85,000/m² after the MCD’s sealing drive of
2006 which have made market in NOIDA, specially the commercial sector
18.
• NOIDA administration is in favour of developing it as a major hub,
examples like the abandoned project to build world's tallest 135-story
building as part of the ambitious NOIDA City Centre development project,
have been attracting both the investors and users to NOIDA.

DELHI
NOIDA

NOIDA

SECTOR 18

MASTER PLAN 2031
• Sector 18 is marked as commercial

REAL ESTATE PROFILING
Real Estate Profiling has been done by dividing the types into 3 main
categories.
• Shops
• Retail Space in Mall
• Offices

CIRCLE RATES (for commercial property)
1. 5% extra for corner plot
2. 5% extra for plot facing green/park
3. 5% extra for plot facing 18m wide road
4. 20% extra for plot facing 30m or more wide road
5. 30% extra if all the above 4 conditions prevail
Sl. No. Area Circle Rate (Rs./Sqft) land Circle Rate (Rs./Sqft) Built up
1 Sector 18 18,600 3,000
2 Sector 17 3,800 3,000
3 Sector 16A 2,500 2,000
4 Atta Market 11,600 2,500

TYPOLOGY - Shops
Sl. No. Image Description
Type 1 2 Floor
Structure,
both floor
retail

TYPOLOGY - Shops
Type 2 More than
500 Sq. Ft
area , ground
floor shops,
marketed as
showrooms.

TYPOLOGY - Shops
Type 3 3 Floor
Structure, G &
G+1 floor as
retail

TYPOLOGY - Shops
Type 4 3 Floor
Structure
with all three
floors as retail
(better access
between the
floors
allowing for
one party to
have multiple
floors)

TYPOLOGY - Shops
Type 5 Retail space in
Malls

TYPOLOGY - Shops
Type 6 Buildings
higher than
G+3, with first
two floors as
retail and
offices above

SHOPS (RETAIL)
Sl. No. Typology Floor Rs/Sq Ft (Buy) Rs/Sq Ft/Month
(Lease)
Type 1 2 Floor Structure, both
floor retail
G 10,000 – 12,000 70-120
G+1 7,000 – 10,000 50-70
Type 2 More than 500 Sq. Ft
area , ground floor
shops, marketed as
showrooms.
G 25,000 – 27,000 300 - 500
Type 3 3 Floor Structure, G &
G+1 floor as retail
G 11,000 – 15,000 120-150
G+1 8,000 – 11,000 60-80
Type 4 3 Floor Structure with
all three floors as retail
(better access between
the floors allowing for
one party to have
multiple floors)
G 13,000-18,000 120 - 200
G+1 12,000 – 13,000 100 - 120
G+2 7,000 – 10,000 50-70

SHOPS (RETAIL)
Sl. No. Typology Floor Rs/Sq Ft (Buy) Rs/Sq Ft / Month
(Lease)
Type 5 Malls G 35,000 – 40,000 350-400
G+1 15,000 – 19,000 190 - 150
G+2 12,000 – 15,000 120 - 150
G+3 and
above
10,000 – 12,000 100 - 120
Type 6 Buildings higher than
G+3, with first two
floors as retail and
offices above
G 12,000 – 15,000 100-150
G+1 10,000 – 12,000 100-120

SHOPS (RETAIL)
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Type 1 Type 2 Type 3 Type 4 Type 5 Type 6
Rent
Buy

TYPOLOGY - Offices
Type 1 3 Floor
Structure,
with first 2
floors as retail
and G+3 as
office

TYPOLOGY - Offices
Type 2 Towers (G+3
and more),
G+2 and
above offices

OFFICES
Sl. No. Typology Floor Rs/Sq Ft (Buy) Rs/Sq Ft/ Month
(Lease)
Type 1 3 Floor Structure, with
first 2 floors as retail
and G+3 as office
G+3 10,000-12,000 80 - 100
Type 2 Towers (G+3 and more),
G+2 and above offices
G+2 and
above
11,000 – 15,000 90 - 110

0
2000
4000
6000
8000
10000
12000
14000
16000
Type 1 Type 2
Rent
Buy
OFFICES

CONCLUSIONS
• Retail property in malls command the maximum rate, seconded by
showrooms (shops higher than 500 sqft on ground floor)
• Rates of Offices doesn’t differ with the floor height, but it varies with
facilities provided in the building. Towers (higher than G+3) command
higher rates due to better facilities
• Restricted development in Delhi and a development friendly
administration in NOIDA, is making NOIDA grow.
• Sector 18 already have landmark like Radisson hotel, Centre Stage mall
and surrounded by landmarks like TGIP, will increase the facilities in this
area, leading to further increase in the value of the properties.
• Accessibility by metro and fast growing residential sector in and around
NOIDA sector 18, will put more commercial demand on sector 18, hence
increasing the value of the properties.

Thank you…..
INTRODUCTIONPROFILING-Shops,Mall,Offices,Conclusion

Real estate profiling of noida sector 18

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