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Property Rate: Demand For Property increasing Most in This City, Prices Have increased By This Much Percent

Demand For Property increasing Most in This City, Prices Have increased By This Much Percent

Property Today Price: For your information, let us tell you that property prices have increased rapidly in Greater Noida adjacent to Delhi. According to a report by Magicbricks Research, residential property prices in the Greater Noida West region have increased by 21.6% year-on-year. Greater Noida West has good roads and attractive housing options. Which makes it a good location for investors and home buyers. Statistics show. That the fares have increased by 13.5% year-on-year. Which is the highest among all the areas of Greater Noida.

Magicbricks Research found that property affordability rates in Greater Noida West are higher than other areas in the National Capital Region (NCR). The region has also seen the development of better roads, connectivity and public transport. It is well connected to important working places in Noida, Greater Noida and even Delhi. Moreover, there are many types of houses in Greater Noida. This includes apartment, villa and plot construction.

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According to the report, home buyers have given more preference to apartments with an area of more than 1,250 square feet. This contributes 54.5% of the total demand. At the same time, more than 50 percent of home buyers want property in the budget segment of Rs 5,000 to Rs 7,500 per square foot. The demand for such property has also increased by 40%. According to Magicbricks data, about 62 per cent of home buyers have searched for apartments of more than 3 BHK in the last five quarters.

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Demand from non-resident Indians (NRI) has increased by 15% year-on-year in the last 12 months. Greater Noida West accounts for 85% of the international demand among NRIs (United States of America, Canada, United Kingdom and United Arab Emirates). According to Magicbricks data, the top ten developers account for 76% of the demand and 55% of the total supply.

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Publish Date: December 13, 2023  

Posted By Sunil

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