According to industry data, over the last five years, the twin towns of Noida and Greater Noida have become popular destinations for high-end real estate. The weighted average prices of newly launched home projects in these regions have increased by 152% and 121%, respectively, during 2019-2020, according to this data. Similarly, the secondary housing market in Noida has seen a notable price increase of almost 81% during the previous five years.
In addition to other Delhi-NCR micro markets, the Noida area has become a popular location for upscale housing developments. Increased economic activity, better connectivity, upgraded infrastructure, and positive buyer attitude are all factors that have contributed to Noida’s real estate market’s transition from an inexpensive to a luxury hotspot.
According to experts, demand for bigger spaces, greater facilities, and greener surroundings has significantly increased since the pandemic. Developers from other NCR regions have been drawn to Noida by this change.
According to Prop Equity data, the weighted average price of newly launched projects in Noida have surged by around 152 percent to Rs 14,946 per square feet(psf) in 2024(till September 2024) from Rs 5910 psf in 2019 in pre-covid times. The average price of 2BHK new launches in Noida soared from Rs 5712 psf in 2019 to Rs 16,000 psf till September 2024, a growth of around 180 percent.
Similarly in Greater Noida region, the weighted average price of new launched projects have surged from Rs 3900 psf in 2019 (pre-covid period) to Rs 8601 psf till September 2024, a jump exceeding 120 percent.
The demand for office space in the commercial real estate industry has significantly increased as a result of IT giants and multinational organizations setting up operations in Noida. Additionally, since building on Noida International Airport started during the epidemic, developers and HNI, UHNI, and NRI home seekers have shown renewed interest in the property markets in Noida and Greater Noida.According to industry data, over the last five years, the twin towns of Noida and Greater Noida have become popular destinations for high-end real estate. The weighted average prices of newly launched home projects in these regions have increased by 152% and 121%, respectively, during 2019-2020, according to this data. Similarly, the secondary housing market in Noida has seen a notable price increase of almost 81% during the previous five years.
In addition to other Delhi-NCR micro markets, the Noida area has become a popular location for upscale housing developments. Increased economic activity, better connectivity, upgraded infrastructure, and positive buyer attitude are all factors that have contributed to Noida’s real estate market’s transition from an inexpensive to a luxury hotspot.
According to experts, demand for bigger spaces, greater facilities, and greener surroundings has significantly increased since the pandemic. Developers from other NCR regions have been drawn to Noida by this change.
According to Prop Equity data, the weighted average price of newly launched projects in Noida have surged by around 152 percent to Rs 14,946 per square feet(psf) in 2024(till September 2024) from Rs 5910 psf in 2019 in pre-covid times. The average price of 2BHK new launches in Noida soared from Rs 5712 psf in 2019 to Rs 16,000 psf till September 2024, a growth of around 180 percent.
Similarly in Greater Noida region, the weighted average price of new launched projects have surged from Rs 3900 psf in 2019 (pre-covid period) to Rs 8601 psf till September 2024, a jump exceeding 120 percent.
The demand for office space in the commercial real estate industry has significantly increased as a result of IT giants and multinational organizations setting up operations in Noida. Additionally, since building on Noida International Airport started during the epidemic, developers and HNI, UHNI, and NRI home seekers have shown renewed interest in the property markets in Noida and Greater Noida.
