Premium Home Sales Surge in Noida and Greater Noida: July-Sept Data
The residential real estate market in Noida and Greater Noida witnessed a notable shift in buyer preferences during the July-September quarter, with increasing demand for larger and higher-priced homes. Key Trends Highlighted by Data Premium Apartment Sales Surge : Sales of high-end apartments priced between ₹1 crore and ₹2 crore nearly doubled compared to the same period last year, according to data from the Inspector General of Registration (IGR) and Square Yards. Growing Preference for Spacious Homes : Properties measuring over 1,500 sq. ft. saw heightened demand, now constituting 28% of total sales — up from 21% during the same quarter last year. Market Insights Homes priced above ₹1 crore accounted for 20% of total sales this quarter, up from 11% last year. Specifically, apartments in the ₹1 crore-₹2 crore range rose to 14% of total sales (1,138 units), compared to just 616 units sold in the same bracket last year. Shift Toward Larger Homes Mid-sized apartments (1,000-1,500 s...