Query about the near future of Sec-37 , Sigma-II,III , Omnicorn I,II

[som shekhar]

Hi Members,

I am having my plot and house built over it in Sector-37, Greater
Noida but haven't thought of moving in there due to very less
population and lack of markets in the near areas.
I will like to seek your inputs regarding the growth plan in the
sectors Sec-37 , Sigma-II,III , Omnicorn I,II of greater noida and if
one should wait to see these sectors turn into developed populated
sectors in the very near future (6months to 1 Year).

Thanks
Som Shekhar

[som shekhar]

Safal ji can you provide your views on this please?

[Vinay Jain]

I am also keen to know about the future of this area. I bought a plot
in Sigma-II 10 yeas back. Till few years back, most of the RE Agents
were having the view thar Sigms-II is one of the best secors in GN as
it was the only sector having only 300/500 m plots. With launch of
YEIDA, the advantage has gone.

While we have seen development in these sectors, th area has not grown
as fast as other sectors of GN.

Kind Regards,
Vinay

[Amit]

Dear Vinay,
No doubt Sigma II is a good sector with wide roads,
proposed theme parks and big plots, but it has not witnessed the the
kind of development other secors in GN ( like alpha-beta) have
experinced. Some of the reasons are that plot sizes are big and so
naturally big size filters out any buyers with a budget less than
60lacs. Secondly Sigma has no big commercial chunk of land. Lastly
but most important reason I feel is that this sector is roughly 5-6 km
inside of GN from expressway so here development will start after
sectors adjacent/closer to expressway are more or less occupied.
Distance from expressway will always play an important role in
development/appreciation of all sectors and sectors closer to
expressway will be more pricey.
I personlly dont feel that launch of YEIDA will be a disadvantage for
Sigma sectors, only thing the property owner in Sigma has to exercise
is patience, and the good times will surely come for these sectors
too.
May be Safal will be able to throw more light on this.

thanks
Amit

[som shekhar]

Thanks Amit for sharing your thoughts.

Safal Ji and Arnab we will also like to seek your inputs on this
point. Please take out some time to provide your views.

Som Shekhar

[Safal Suri]

 

 

Dear Som, Vinay & Amit,

 

Following sectors form a rectangular pattern, with six, almost equal parts:

1. Sector 36 (ENO-I)

2. Sector 37 (Eno-II)

3. Sigma-I

4. Sigma-II

5. Sigma-III

6. Sigma-IV

 

One can broadly group two sectors together in each category:

 

Group 1:

Sector 36 & Sector 37 are by far the most habituated sectors among all six. Both sectors have a mix of small plots. A lot of urbanized and well off villagers have moved into them over a period of time. Still, the layout is nice, green and peaceful. Sector 37 has an advantage over Sector 36, as it is facing 130 mt. wide road. Also, there are lots of green spaces in the sector.

 

Group 2:

Sector Sigma-I & Sigma-II have larger plot sizes ranging between 300 sq. mt. and 500 sq. mt. There was a time when Sigma-I was extremely high in demand. This sector is practically divided in two half by a wide road in the center of the sector. On one side there are only 300 sq. mt. plots and on the other side there are only 500 sq. mt. plots. Similar to Sigma-I, Sigma-II is also well laid out, but for a village in the center of the sector. Both these sectors have lots of parks and green area. There is no doubt that few years down the line, they will develop into lovely place to live. However, there is a downside too. Both the sectors have no proper market/shopping areas. The absence of good commercial space has probably held on to the development of both the sectors. That said, even though Sigma-II has a village right in the middle of the sector, it has an advantage as it is facing 130 mt. wide road.

 

Group 3:

Sector Sigma-III & Sigma-IV either consists of simplex/duplex bungalows built by the authority or Group Housings. Sigma-II has only 180 sq. mt. - 200 sq. mt. duplex bungalows and 5 main parks. Sigma-IV has 200 sq. mt. - 220 sq. mt. Simplex bungalows with 5 parks. Sigma-IV also has 3 group housing projects. Bungalows in both the sectors are expandable. However, even though Sigma-IV has simplex houses, it has few major advantages over Sigma-III, as not only the plot sizes are large, but also the sector is facing 130 mt. wide road. Similar to Group 2 (Sectors Sigma-I and Sigma-II), this group too is marred by the absence of proper shopping area.

 

I concur with Amit that these sectors will now take a longer time to become fully livable. The delay is caused not only because of absence of proper shopping areas in all six sectors... but the fact that they are far away from Yamuna Expressway may also add to the delay. That said, 4 out of 6 sectors MAY develop faster as there are small plot sizes. However, sectors Sigma-I and Sigma-II, would certainly face a bit of competition from Sector 18/20 at Yamuna Expressway, as far as investors are concerned. Both the sectors will now become nicely livable only when end-users move in.

 

Last bit of advise. All six sectors, within their respective categories... be it small plot sized in Sector 36 & 37... large plot sizes in Sigma-I & Sigma-II... or simplex/duplex with lots of green in Sigma-II & Sigma-IV... are lovely place to live. They are clean, green and peaceful. All six sectors have 24 hours guards... placed by the authority. Maybe not in immediate future... but in times to come... all six sectors will replicated the lifestyle and peace of a well organized and modern city... like Chandigarh.

 

Hope this helps,

 

Safal Suri

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[som shekhar]

Thanks alot Safalji for much sought after analytical information.
Small correction:
1. Sector 36 RHO-I
2. Sector 37 RHO-II

[Safal Suri]

 

 

Dear Som Ji,

 

In the beginning of its formation (roughly 20 years ago), all the sectors in Greater Noida had numbers, just like any other city. Later, within couple of years (sorry can’t recollect the exact year or the name of the then chairman of the authority), during a board meeting it was decided that all the names be changed to Greek characters. Some sectors became famous by new names, such as Alpha, Beta, Gamma, Delta, Sigma... etc, while others retained old pattern of numbers, such as sector 1, 2, 3, 4, 36 & 37, etc.

 

Sometime in the middle (roughly 8-10 years ago), the authority replaced some names (of Greek characters) with other Greek characters. Again, some new names became famous while some old names continued. Sector 36 and sector 37 are good examples. They were initially named as Eno-I and Eno-II, which was later changed to Rho-I and Rho-II. Practically, none of them worked. Both the sectors are still famous as sector 36 & sector 37. Other such example is now famous Swaran Nagari. It was first named with sector number, later it was changed to TAU and finally to Swaran Nagari.

 

Another example is a place called Builders Area. Each sector in Builders Area first had a number, which was later changed to pockets... such as pocket 1, pocket 2 and so on till pocket 8. Then it was changed to Omega-I, Omega-II, Chi-I, Chi-II, Phi-I, Phi-II, Psi-I and Psi-II. Now... how many people know that sector Omaxe NRI at Pari Chowk is also named as sector Pocket-I and sector Omega-II?

 

Interesting... isn’t it? :)

 

Cheers...

 

Safal Suri

 

 

 

 

 

-----Original Message-----

From: som shekhar

Sent: Friday, July 15, 2011 11:14 PM

To: YEIDA