The Surge in Demand for Apartments in Noida: A New Era of Luxury Living
Noida and Greater Noida, once known for mid-segment housing options, have now emerged as prime locations for high-end residential properties. Over the past five years, these regions have seen a significant transformation, particularly in terms of luxury real estate. With an influx of new projects offering unparalleled amenities, the demand for apartments in Noida has soared, positioning the city as a coveted hub for premium living. This shift is evident in the latest figures. According to a JLL Property Consultant report, Noida saw the sale of 14,822 flats worth Rs 24,944 crore in 2023, marking an impressive leap in the popularity of luxury apartments in Noida . With prices climbing from Rs 1.24 crore in 2022 to Rs 1.68 crore in 2023, the market for high-end apartments is expanding rapidly. An astonishing 23% of sales in 2023 were for apartments priced at Rs 3.5 crore and above, highlighting the increasing preference for upscale living spaces in the city. Infrastructure Developm...