Last year, 14,822 units worth Rs. 24,944 crore were sold.
Noida is setting high targets in residential real estate. Last year, house sales were at a record high. According to the JLL report, 14,822 plots worth a total of Rs 24,944 crore were sold in 2023. Factors such as promising development prospects, better investments, better job opportunities, and the availability of high-quality housing have contributed to this growth. In particular, the average price of an apartment in Noida was Rs. 1.24 crore in 2022. In 2023, it increased to Rs. 1.68 crore. The revival of stalled projects by government agencies has also boosted confidence in the market. With affordable prices and being recognised as a mass housing market in Noida, sales of luxury homes have now increased significantly. In 2023, apartments priced above Rs 3.5 crore accounted for 23 percent of the total sales in Noida. New launches increased, but unsold inventory decreased.
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