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 sq. ft.) dominated the market, making up 40% of transactions.
  • Demand for larger units (1,500-3,000 sq. ft.) climbed significantly, while homes above 3,000 sq. ft. accounted for 6% of total sales.

Expert Opinions
Real estate professionals link this trend to a growing preference for premium and spacious homes in the National Capital Region (NCR), driven by evolving lifestyle needs and aspirations.

With 8,128 properties registered in Noida and Greater Noida during this period, the data underscores the rising demand for upscale living spaces in the region.

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