Homebuyer’s Guide To Noida

Noida’s housing market promises strong returns for investors due to its robust connectivity, affordability, and great infrastructure. Echoing upbeat demand in the fourth quarter (Q4) of 2022, Noida’s mid-segment houses ruled online searches in Q1 2023. About 47 per cent of the total online search was for properties worth Rs 30 lakh-100 lakh, with the upper mid-segment (Rs 60 lakh-100 lakh) taking the lead, holding over one-third of the demand share. Properties below Rs 30 lakh also saw a surge, comprising nearly 35 per cent of the demand, mainly by first-time homebuyers. However, only the Greater Noida region saw new launches. 2BHK units remain the most sought-after with 46 per cent of the total demand. Demand for 3BHK and bigger formats grew from the previous quarter with a 32 per cent share. Apartments saw over 50 per cent of search trends, an increase from Q4 2022.