RERA Act has brought in renewed confidence in the minds of home buyers resulting in the rise in sentiment. Home buyers are now much more confident and reassured, all thanks to the provisions of the RERA Act that give the buyers the much-needed power. Developers will now have to keep buyers updated on the progress of the project and unlike in the past, they cannot divert funds collected from buyers to a different project than the one the funds have been collected for. Steady growth in volumes and value, Over the years, Noida & Greater Noida has been segmented into different pockets spread across the length and breadth of the city. These pockets or areas have over time, become self-sufficient with the required physical infrastructure and connectivity making them hotspots for realtor.
The rise of north Noida & Greater Noida and the resurgence of south Noida & Greater Noida will help expand the real estate market while allowing for even smaller players to take a pie of the total market share. Experts state that renewed sentiment in buyers’ mind, focused approach towards projects by developers and fastened physical infrastructure and road developments will push for further growth in Noida & Greater Noida real estate over the next 18 months or so. Since Noida & Greater Noida is an end-user driven real estate market, the growth in IT and ITES along with the start-up ecosystem will always provide a steady demand for residential and commercial real estate. Gaur City 2 Greater Noida West / Gaur Siddhartham Resale / Gaur City Resale Apartments / Gaur city 16th avenue Resale
Areas across north, south, east and west of the city have steadily built up their real estate value encouraging developers to take up newer initiatives in these areas. This is another reason Noida & Greater Noida has shown a faster recovery post the demonetization in December of 2022. While areas such as Whitefield, Sarjapur Road, Outer Ring Road are showing a rise in apartment volumes. There has been a steady increase in the value of apartments near expressway and link Road and a few locations in the north of Noida & Greater Noida. Overall, this is contributing to the steady growth of real estate in the city of Noida & Greater Noida. Incidentally, there has also been a slight upward trend for luxury apartments in south Noida & Greater Noida. This is due to the presence of a large number of High Net-worth Individuals or HNIs in Noida & Greater Noida. Noida & Greater Noida is also one of the bigger markets for luxury apartments in the country behind Mumbai and Delhi NCR.