The price trends of Noida residential property market
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 |
| Noida Eway | 4850-7750 | 8% | 5300 | sector104 | sector137 |
| 113/117/118/119/120 | 4950-6150 | 6% | 5500 | sector119 | sector113 |
| 7x | 5000-6300 | 8% | 5300 | sector77 | sector77 |
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.
Comments/Feedback invited.
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Last Updated on March 10, 2015 by Go4Reviews
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how is sector 78 project is there any commercial or malls space as there lot of open space in front of sikka and helios sunshine project
Thanks for writing to us Akhil. Sector 78 is good as of now but with time, it will be very crowded as a major road is just across it. As of now, internal roads are also narrow. The commercial belt is in front of 76 and 75 and opposite the DSC road in SDC. The green open space is earmarked for a golf course/sports city.