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Noida Property Market sees Maximum demand in South Noida Expressway?

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Noida Property Market sees Maximum demand in South Noida Expressway?

  • 09 Jul 2023

Noida Property Market Overview

The largest fall in both demand and supply share was seen in Noida. The Noida Motorway South was deemed to be the most ideal location by homebuyers.

The residential real estate market in Noida experienced a decline in demand (searches) of 2.4% QoQ and a rise in supply (active listings) of 14% QoQ in Q2 2023. However, Noida's housing market experienced a 3.5% QoQ increase in price growth.

Noida Property Market - Demand-Supply Analysis

The Noida Motorway South was deemed to be the most ideal location by homebuyers. In addition to their outstanding connectivity thanks to the motorway, communities along the southern section of the Noida-Greater Noida Motorway are the most favoured for a number of reasons. Due to the establishment and growth of numerous business and industrial parks, the areas offer good accessibility to relatively affordable residential options when compared to Central Noida, along with improving retail and social infrastructure. This is topped off by their proximity to emerging and developing employment hubs.

Key areas that saw good demand for residential housing in Noida were:

Noida Expressway South

Noida Expressway Main

Central Noida

Dadri Main Road

Vikas Marg

Atta Market

West Noida

Some key highlights of Noida Property Market:

Prospective home buyers in Noida look mostly for mid-sized units. More than 80% demand supply share is for 2 BHK and 3 BHK, with the maximum preference being for 3 BHKs.

Mid-segment properties drive Noida’s residential market sales, as more than 50% demand is for properties priced between INR 5,000 and 7,500 per square feet.

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