Home Registrations in Noida and Greater Noida Increase by 6% to 8,128 Units in Q3: Square Yards
Residential property registrations in Noida and Greater Noida rose by 6% to 8,128 units in the July-September period, as reported by real estate consultant Square Yards. The growth is attributed to significant infrastructure developments.
NoidaGreater NoidaReal EstateHome RegistrationsJewar International AirportReal Estate NewsNov 18, 2024
In a recent statement, Square Yards highlighted that the September quarter saw a notable increase in transactions, with Greater Noida leading the way. It accounted for 62% of the total registrations during this period.
Noida saw a significant 15% increase in home registrations, with 3,127 units registered compared to 2,720 units in the previous year. In contrast, Greater Noida witnessed a marginal 1% increase, registering 5,001 units against 4,973 units in the year-ago period.
The combined registered home sales value for Noida and Greater Noida soared to Rs 6,328 crore, reflecting a 34% year-on-year (YoY) growth. This substantial increase underscores the strong demand and investment potential in the region.
Ravi Nirwal, Sales Director and Principal Partner at Square Yards, commented, 'Noida and Greater Noida's residential market is experiencing sustained growth, bolstered by infrastructure advancements like the Jewar International Airport, which continue to strengthen both the commercial and residential sectors in these cities.'
The Jewar International Airport, currently under construction, is expected to be a game-changer for the region, attracting more businesses and residents. The development is likely to create numerous job opportunities and enhance the overall quality of life.
Amit Modi, Director of realty firm County Group, noted a clear shift towards integrated luxury communities in these two cities. 'There is a growing trend of high-end, integrated residential developments that offer a premium lifestyle with world-class amenities,' he said.
Sanjay Sharma, Director of SKA Group, added, 'Noida and Greater Noida are emerging as key hotspots for high-end real estate, driven by the region's strategic location and ongoing infrastructure projects.'
The real estate market in Noida and Greater Noida continues to attract both domestic and international investors, who are keen to capitalize on the region's growth prospects. The increasing focus on infrastructure, coupled with a favorable investment climate, is expected to sustain this positive trend in the coming years.
Frequently Asked Questions
How many home units were registered in Noida and Greater Noida in the July-September period of 2024?
A total of 8,128 home units were registered in Noida and Greater Noida in the July-September period of 2024.
What was the percentage increase in home registrations compared to the same period last year?
Home registrations in Noida and Greater Noida increased by 6% compared to the same period last year.
Which city saw a more significant increase in home registrations: Noida or Greater Noida?
Noida saw a more significant increase in home registrations, with a 15% rise compared to a marginal 1% increase in Greater Noida.
What is the combined registered home sales value for Noida and Greater Noida in the September quarter of 2024?
The combined registered home sales value for Noida and Greater Noida in the September quarter of 2024 is Rs 6,328 crore.
What major infrastructure project is expected to boost the real estate market in Noida and Greater Noida?
The Jewar International Airport, currently under construction, is expected to significantly boost the real estate market in Noida and Greater Noida by attracting businesses and enhancing the region's connectivity.
Related News Articles
Mumbai Housing Market Booms with 11% Increase in Q4 Sales; Worli Emerges as a Luxury Hotspot
In the fourth quarter, Mumbai's housing market witnessed a significant 11% surge in sales, totaling ₹68,025 crore. Leading developers like Lodha and Godrej Properties have contributed substantially, with Worli becoming a premier destination for ultra-luxu
HoABL Ventures into Vertical Real Estate in Mumbai with Massive Investment
Abhinandan Lodha's House of Abhinandan Lodha (HoABL) is making a significant move into the vertical real estate market in Mumbai with a mammoth investment of Rs 3,500 crore. This bold step signals a new era of growth and innovation in the Mumbai real estate sector.
House of Hiranandani to Invest ₹12,500 Crore in MMR Projects
Real estate firm House of Hiranandani has announced a significant investment of ₹12,500 crore to expand its presence in the Mumbai Metropolitan Region (MMR). This strategic move aims to bolster the company's portfolio and tap into the growing demand for r
Mumbai Sees Highest January Property Registrations in 13 Years, Worth ₹952 Crore
Residential properties continued to dominate, making up 80% of all registrations in the preceding month of December. Sequentially, the property market in Mumbai has shown consistent growth.
Fire Engulfs Electric Vehicle Storage Unit in Pune, Highlighting Safety Concerns
A significant fire broke out at an electric vehicle storage facility in Pune, raising concerns about the safety and management of such units. Thick smoke was visible from a distance, and emergency services were quick to respond.
Somany Ceramics Reports 41.28% Drop in Q2 FY25 Net Profit
The demand for ceramics has been sluggish, and a decline in exports has further strained the domestic market, leading to a significant drop in Somany Ceramics' net profit during the second quarter of the fiscal year 2025.