As of March 1, 2025, the Greater Noida real estate market continues to exhibit robust growth, building upon the positive trends observed in the latter half of 2024.
Market Performance in 2024:
Sales Growth: Between July and September 2024, Noida and Greater Noida saw a 6% year-over-year increase in residential property registrations, totaling 8,128 units.
Value Appreciation: The combined sales value for these transactions reached ₹6,328 crore, marking a significant 34% rise compared to the same period in 2023.
Average Prices: The average home price in Noida escalated to ₹1.05 crore, a 41% increase from the previous year, while in Greater Noida, it rose by 13% to ₹61 lakh.
Factors Driving Growth:
Infrastructure Developments: Projects like the upcoming Jewar International Airport and expanded metro connectivity have significantly enhanced the region’s appeal, attracting both buyers and investors.
Premium Housing Demand: There’s a noticeable shift towards larger, premium homes, with transactions in the ₹1 crore and above bracket increasing to 20% in the July-September 2024 quarter, up from 11% the previous year.
Recent Developments:
Authority Interventions: In December 2024, the Greater Noida Authority mandated that builders complete pending flat registrations by December 31, 2024. Failure to comply would result in the withdrawal of previously granted concessions.
These developments underscore the dynamic and evolving nature of Greater Noida’s property market, influenced by infrastructural advancements and proactive regulatory measures.
