Noida Market Register Residential Properties Worth ₹3179 Crores in Q4 2023

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Introduction

In the fourth quarter of 2023, property demand increased in the real estate markets of Noida and Greater Noida. A total of 7,481 transactions were recorded, amounting to ₹3,179 crore. Let’s dig deeper into the details.

Noida Market Register Residential Properties Worth ₹3179 Crores in Q4 2023

According to data shared by online real estate platform Square Yards, the property is in demand from home buyers in Noida and Greater Noida. In the fourth quarter of 2023, Rs. 7481, an increase in transactions of Rs. 3179 crores.

Yamuna Expressway Area

The data is based on properties registered by the Inspector General of Registration (IGR) in Uttar Pradesh. Noida Central saw 247 properties worth ₹157 crore during the period. while the Noida Expressway saw 205 units worth ₹109 crores.

Greater Noida West, also known as Noida Extension, recorded 6,366 properties worth ₹2,643.7 crore. It is reported that 643 units have been registered in the ‘Yamuna Expressway’ area.

There is Strong Demand in Noida.

“Noida and Greater Noida have everything that epitomizes a modern cosmopolitan city. Excellent road and metro connectivity and strong infrastructure. The bustling business and IT hubs and affordability make the twin cities potential real estate hotspots. The new Jewar International Airport proved to be a shot in the arm for the region’s prospects. There is a list of homes to suit everyone. This has led to strong demand,” said Anupam Rastogi, co-founder and CBO-NRI, Square Yards.

As far as projects are concerned, the Greater Noida region saw the highest number of registrations in the current quarter. However, Greater Noida had a big edge over its counterpart during the quarter. Which was evident in 94% of transactions in the region.

Good Societies in Greater Noida

Greater Noida West and Noida Extension have ready-made, affordable, and luxury apartments. Good societies, low density, quiet surroundings, and proximity to educational institutes, commercial hubs, and office campuses have seen the highest number of transactions.

In contrast, Noida’s micro-markets have reduced supply in the city. Peripheral areas of Noida and Greater Noida have seen a decline in transactions due to the availability of more premium yet affordable options.

Conclusion

Noida and Greater Noida are in high demand from home buyers. Because they offer affordable and spacious properties with good connectivity and infrastructure. KSTAR’s launch is a good step toward developing nuclear fusion, often called the ‘Holy Grail’ of energy, to power a sustainable, clean-energy future. For more information visit our Openplot.com.

Also read: UP Govt Allots ₹2057 crore for The Ganga Expressway in the 2024 Budget

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