How fast are property prices rising in greater noida?

From what I know, Greater Noida and NCR in general have grown to become popular real estate markets in recent years. You will see that the demand is mostly driven by an increase in new private firms, improved logistics facilities, rapidly developing infrastructure and reasonably priced real estate. Let me tell you more reasons for Greater Noida property prices rise.

Why property prices in Greater Noida are rising?

Greater Noida is being developed systematically and continuously, resulting in wider roads, flyovers, enough water supplies, etc. It has numerous new IT and other businesses including Adobe, Samsung, Google, Colt, Microsoft, TCS, HCL, Adani, KPMG, Accenture, and many more, the area is a growing commercial hub. Strong home demand is also represented by a strong commercial sector.

The presence of IT research and manufacturing businesses has also contributed to Greater Noida's early success. According to estimations from the GOI, the area saw a total investment inflow of Rs.64,000 crore between 2016 and 2021. IKEA, the world's largest retailer, would invest 5,500 crores in the area to build manufacturing and retail spaces. A huge data centre project in Noida would get investment from the Adani Group totalling 4,600 crores, and a 250-acre electronic metropolis near the Jewar Airport has been planned. This is how fast are property prices rising in Greater Noida.

How much have the sales increased in Greater Noida?

The surrounding areas of Greater Noida have grown to become one of the nation's greatest real estate markets in recent years. Sales increased by over 40% in Greater Noida over the same timeframe in the first quarter of 2022. The real estate in the neighbourhoods around Greater Noida is expanding quickly and offers several advantages. In the surrounding area of Greater Noida, a real estate firm reported a noticeable growth in the number of real estate investors. In Greater Noida, overall real estate transactions actually increased by almost 200%, which is far greater than the average level.

Property costs on average in Greater Noida range from Rs.7000 to Rs.11000 per square foot. Property values are rising on average at a rate of 4- 4.5% yearly. Greater Noida's Tech Zone, Sector-2, 4, 16, and other important markets.

You are now aware of how fast are property prices rising in Greater Noida.