Noida real estate market: property prices more than double in last five years

Once recognised for affordable and mid-segment properties, the twin cities of Noida and Greater Noida, have emerged as hotspots for premium real estate over the past five years. Real estate experts and available market data shows that property prices have doubled over the last five years in Noida and Greater Noida.

According to the data, weighted average prices of new launch housing projects have in 2024 surged in the Noida and Greater Noida regions by 152 percent and 121 percent respectively since 2019-2020 (pre-Covid period). Similarly, the price appreciation in Noida’s secondary housing market has also been significant at around 81 percent in the last five years.

Among other key micro markets of Delhi-NCR, the Noida region has emerged as a sought-after destination for high-end residential projects. The transformation of Noida’s realty market into a hotspot of luxury properties from the affordable segment is closely linked to the infrastructure upgrade, improved connectivity, increased economic activity and strong buyer sentiment.

Credit: moneycontrol.com