Greater Noida Property Rates Increase 32% over Last 2 Years | ratnkunj Prop Index Q2 2023
Greater Noida Property Rates Increase 32% over Last 2 Years | ratnkunj Prop Index Q2 2023

Greater Noida Property Rates Increase 32% over Last 2 Years | ratnkunj Prop Index Q2 2023

Priya Singh | 2023-10-06

Greater Noida witnesses substantial demand hike, but major decline in supply across properties. Omega-Chi-Phi sector emerges as the most favourable destination. Overall the property rates in Greater Noida have seen a 32 percent increase over the last 2 years.

In Q2 of 2023, Greater Noida’s residential real estate market witnessed a substantial growth of 18.1% QoQ in demand (searches). However, the city’s supply (active listings) observed a major decline of 13% QoQ. On the rates front, the aggregate for Greater Noida’s housing market grew by 3.2% QoQ.
Omega-Chi-Phi emerges as the most favourable destination. The strategic location of this micro-markets, adjacent to the intersection of Noida Expressway and Yamuna Expressway, works in favour of the real estate business as it enjoys seamless connectivity and better access to the physical infrastructure. Even the presence of robust social infrastructure, such as the proximity to Gautam Buddha University, Govt. Institute of Medical Sciences, The Grand Venice Mall, Yatharth Super Speciality Hospital, Radisson Blu Hotel etc., makes it a desired residential option.



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