Greater Noida’s real estate market is experiencing significant activity and growth, driven by infrastructure developments and increased demand. Here are some recent highlights:
Major Property Sales and Developments
- NBCC’s Successful Auction: State-owned NBCC (India) Ltd has sold 1,233 housing units at the Aspire Golf Homes project in Greater Noida West through an e-auction, generating ₹3,217 crore. This fund will aid in completing stalled projects of the Amrapali Group, fulfilling the long-awaited dreams of many homebuyers. Hindustan Times
- Nirala World’s Land Acquisition: Nirala World has acquired a 2.5-acre land parcel in Greater Noida for ₹175 crore, indicating continued investor confidence in the region’s potential. Economic Times Realty
Infrastructure and Urban Development
- Construction and Demolition (C&D) Waste Processing Plant: The Greater Noida Industrial Development Authority (GNIDA) plans to establish its second C&D waste processing plant in Astauli. This initiative aims to promote sustainable urban development and efficient waste management in the area. Economic Times Realty
- Ghaziabad–Jewar Regional Rapid Transit System (RRTS): The proposed 72.44 km RRTS will connect Ghaziabad to the Noida International Airport in Jewar, passing through Greater Noida. This project is expected to enhance regional connectivity and stimulate real estate growth along its corridor. Wikipedia, the free encyclopedia
Market Trends and Price Dynamics
- Rising Property Prices: The weighted average price of new residential projects in Noida and Greater Noida has seen a substantial increase, rising from ₹3,900 per sq ft in 2019 to ₹8,601 per sq ft in 2024, reflecting a 121% appreciation over five years. The Realty Fair The Realty Fair
- Pari Chowk’s Emergence: Pari Chowk has developed into a significant commercial and residential hub in Greater Noida, offering a blend of high-rise apartments, educational institutions, and shopping centers. Its strategic location and robust infrastructure make it an attractive destination for investors and residents alike. Investor Mart
Lifestyle and Commercial Expansion
- Growth of the Culinary Scene: The delivery of numerous residential projects after a decade-long hiatus and the influx of corporate establishments have invigorated Greater Noida’s food and beverage industry. New restaurants and eateries are opening in commercial complexes across sectors along the expressway, catering to the evolving tastes of residents and professionals.
