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Mahagun Medalleo An upcoming housing project in Sector107, Noida

By Rishabh Chamoli | 2023-03-31

Launched recently, Mahagun Medalleo in Sector107, Noida, is a housing project by Mahagun Group. Offering 3 BHK and 4 BHK apartments, the average buy rate in Mahagun Medalleo hovers around Rs 10,500 per sq ft.

Mahagun Medalleo is a high end residential project by Mahagun Group. A Noida based developer, Mahagun Group has built many projects in the residential, commercial, and hospitality sectors. Mahagun Medalleo is the recently introduced residential project by the group, with bookings open for the public. Below are the crucial details of the project such as ask rates, payment plans, inventory status and amenities and social conveniences around.

About the project Mahagun Medalleo

Spread across 10 acres, Mahagun Medalleo in Sector-107, Noida, has 8 towers comprising 686 residential units. The inventory includes 3 BHK and 4 BHK flats, with prices around Rs 2 to 5 crore. Currently under construction, Mahagun Medalleo is a mix of high rise and low rise developments. While 6 towers will be high rises of 29 floors each, the remaining will be low rise developments of 4 floors each. Total two phases are planned under the project. Phase I of the project is registered under Uttar Pradesh RERA UPRERAPRJ125561. The possession is due in December 2027, and the units in both the phases are planned to be handed over together, shares Sujeet Kumar, Broker, Mahagun Madalleo.

Location highlights What are the USPs of Sector107, Noida?

Connectivity infrastructure
Sector107 is well connected via a nexus of roads and metro corridors. With respect to Mahagun Medalleo, the project enjoys robust connectivity via major links, such as

It is within 2 km from Sector 81 Metro station on the Aqua Line
Proximity to the Noida-Greater Noida Expressway allows direct access to Yamuna Expressway
Vishwakarma Road and Dadri Main Road provide links to other sectors of Noida
Ghaziabad Junction is about 19 km away via Vishwakarma Road
Indira Gandhi International Airport is about 35 km away
NSEZ, Express Trade Tower, and Advant Navis Business Park are key business hubs located within 5 to 10 km

Investment potential and residents feedback
Based on parameters such as connectivity, environment, safety, and lifestyle, the former and current residents living as owners or tenants in Sector 107, Noida, rated it 4 out of 5 on the 99acres Ratings and Reviews platform. Positive mentions include proximity to schools, markets, and stores for daily needs. The residents also appreciated the robust road network and proximity to metro station. However, they also indicated downsides such as traffic jams and the need for proper maintenance of internal roads.

As per 99acres data, the residential stock in Sector107, Noida, is primarily 3 BHK and 4 BHK apartments. It is a high end locality where the average property price is Rs 9,000 per sq ft. Property rates have shown an upward trend, registering an appreciation of over 30 percent in the last year and over 65 percent in the last five years.

Buyers can consider investing in this project however, it is advisable to conduct multiple site visits and discuss with regional brokers to gain insight into the work progress and overall layout of the project.