Noida is a Dream Destination for Homebuyers

Noida is growing at fast pace due to industrial growth. This property market has many options for property buyers, end users and investors, specially designed in the mid-size category with reasonable price tags. And as the developing city offers many locational advantages coupled with the excellent infrastructure, it has turned to a profitable place for home buyers and investors across Delhi NCR.  While robust demand for affordable housing is very high, lavish and premium properties have attracted millions of buyers in the most prime locations like sectors 44, 74, 75, 76, 77, 78, 94, 119, 137, 143, and 142. These sectors provide great scope for sustained and strong growth for all segments of the sector.

Realtors, developers and property professionals are all upbeat about upcoming future prospects of real estate in the premium hot location. Average property prices are in the range of Rs 4, 500 -5,000 per sq. ft. onwards, depending on the size of property and splendid location.    

However, going onward the supply condition may remain subdued due to the deferred completion of a number of new projects and decrease in the number of launches across both the categories. Thus, the prices of residential properties may see a marginal increase in 2014. Supply levels are probable to improve in the second half of 2014. Till today date, the decline in new housing launches will help property owners and also help new sellers in the resale market demand more in capital value terms.