Wednesday, May 23, 2012

Mega Housing Projects and Residential Towers

Various sectors in NOIDA are experiencing construction of mega housing projects. With the growth in disposable income of IT based young professionals, people are buying flats for living as well as investment. The pace has been rapid, and developers are working hard to come up with projects for different income groups. For example, a development known as Floraville by the Paramount Group in Sector 137 will have a thousand units surrounded by landscaped areas on all sides. The development will feature remote controlled appliances in all homes, solar street lighting, security, surveillance, WiFi connectivity, fire alarm system, intercom, boom barriers and ample parking spaces. The community will have amenities such as a school, a salon, a swimming pool with spa and sauna, a club, a shopping center, health center and retail areas.

A 60 story residential tower known as the North Eye is under construction in sector 74. The price of apartments will range from $ 80,000 (Rs. 40 lakh) to $ 450,000 (Rs. 2.25 Crore).

Here is a brief video on the North Eye:

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