Property market in India has been a disappointment for majority of investors during last couple of years.
Many pundits are now advising to avoid investments in property for at least coming 2-3 years unless buying for own use.
There are however instances where specific regions or projects have seen a substantial growth.
As also discussed previously, such exceptional profits have mostly been observed during possession phase due to dearth of RTM properties. Also, good builders have been an all time grosser irrespective of the market condition
Based on our online research across premium real estate websites like magicbricks, 99acres and makaan, we list below the price trends across major upcoming regions of Noida/Greater Noida:
|Noida/GN Region||Price range||Avg Price increase/decrease in 2014 wrt 2013(YoY)||Avg Price||Best price sector||Most Peaking sector|
|Greater Noida west||2900-4200||12%||3300||sector4||sector4|
Please note that the percentage increase listed above is based on average of all project prices in the region.
Greater Noida West has seen the highest percentage increase during the last few quarters. This is however primarily due to the lowest login price point.
Other upcoming regions like Noida Expressway and 7x have seen a steady growth but returns are still not very encouraging.
On the other hand, partially established regions like 119 and 120 have been stagnant and seem to have attained a saturation point for now.
Last updated: March 10, 2015 at 11:21 am