Supertech Group, a premier real estate developer in India has launched another luxurious residential project- Supertech Albaria in September 2012. Built by renowned architects, Albaria is a project where spaciousness is mandate and luxury is the order of the day. Where lushness is a salve for your soul and state-of-the-art technology mesmerize your mind. Each and every nook of this project is designed with utmost care and excellence.

So, is it a good investment option, considering it promises superior standards of living to its occupants? Let us review this project

The Product: Supertech Albaria

Supertech Albaria is built over 6 acres of land and offers 747 units of 3BHK and 4BHK apartments. The super-built-up area for 3BHK ranges between 1,590- 1,895 sq.ft. and super-built-up area of 4BHK is 2,365 sq.ft. The project comes loaded with ultra-modern amenities and specifications.

Some of the key amenities are:

• Clubhouse
• Coffee Bar
• Well- equipped Gymnasium
• Swimming Pool
• Kid’s Play Area
• Open Landscape
• Jogging Track
• Party Lawn

Directions To Reach

The project is located at Sector 1, Noida Extension and has close proximity to all basic amenities including schools, colleges, bus stations and petrol pumps.

Sector 1, Extension is a constituent of Greater Noida and GNIDA (Greater Noida Industrial Development Authority). The area is bordered by Noida on one side and Greater Noida on the other.  

The demand for residential property in Sector 1, Extension (India) is rapidly developing owing to affordable prices and good connectivity to  Delhi, NCR, Meerut, Agra, Mathura and Aligarh via Noida – Greater Noida Expressway and Yamuna expressway.

Location Advantages:

• The nearest railway station is Boraki Halt Railway Station (19.7 km) providing access to South and Noida.
• The distance from Indira Gandhi International Airport is 44.5 kilometers
• The distance from nearest Metro station is 29.5 Kms
• The distance from nearest Ring Road is 31.6 Kms
• Proposed Metro Rail system is also underway.

Surrounding Developments

Noida Extension is a planned residential area with multiple upcoming residential townships, planned shopping arcades and commercial spaces. As per locality review, Noida Extension offers prime housing solutions that range from affordable to luxurious options. It is the hub of affordable housing in the real estate market of the Delhi-NCR.

Sector 1, Extension offers smooth connectivity to Delhi, NCR, Agra, Meerut, Mathura and Aligarh through public transport. Also, the area has direct connectivity to NH-24.

Factors driving growth in the Noida Extension Market are:

• It is only 15-20 minutes drive from well established sectors of Noida such as 50 and 52, are primarily attracting property buyers to invest in Noida Extension at affordable prices in comparison to Noida

• The area has direct connectivity to NH-24 and proximity to the commercial sectors of Noida such as 61, 62 and 63, another reason for a spurt in supply in the region

• Availability of large number of options with prices starting from Rs 25 lakh, owing to availability of smaller size units across all categories (1-5 BHK)

Educational Institutions located within radius of 5-10 kms

• Somerville School
• Ryan International School
• Cambridge School
• G.D. Goenka School
• Braintree Global School
• Kaushalya World School

About Developer

Established in 1988, Supertech Group is India’s premier real estate developer in NCR. The company is headed by Mr. R K Arora who is the chairman and Managing Director of the company. The group possesses over 2 decades of experience and develop properties in different verticals like residential, townships, office spaces, hospitality and retail.

The group has developed many successful projects in National Capital Region, Rudrapur, Meerut, Uttar Pradesh and Bangalore in South.

Since its inception, the group has developed more  than 33 million sq. ft. of space for a commercial and residential sector.

Top Projects till Date:

• Emerald Court in Sector 93A, Noida comprising of 660 units of 3/4/5 BHK apartments
• Romano in Sector 118, Noida comprising of 2,544 units of 2/3 BHK apartments

List of ongoing residential projects are:

• Pavilion in Sector 34, Noida comprising of 362 units of 2/3 BHK apartments
• Ecociti in Sector 137, Noida comprising of 1732 units of 2/3/4 BHK apartments
• Micasa in Thanisandra , Bangalore comprising of 224 units of 2/3 BHK apartments

Price Comparison

Supertech Albaria’s current price is Rs. 3,895 per sq. ft. and it is in Under Construction stage.

The current locality price is Rs. 3,534 per sq.ft.. In comparison to locality price, Albaria is overpriced by Rs. 360 per sq. ft.

Highest price in the locality is for Saha Meghdutam Encore at Rs. 4,500 per sq. ft. and it is in Launching Soon stage.

Lowest price in the locality at Rajhans Group Residency at Rs. 3,150 per sq. ft. and it is in Under Construction stage.

IRR’s overall rating of Supertech Albaria

Parameters	Ratings
Builder	Good
Price	Average – Good
Project	Good
Location	Good

Overall Recommendations

Albaria by Supertech seems to be a good option for buyers and investors who intend to profit from the proposed metro lines and the infrastructural development in the near future.