It remains one of the more profitable markets in India. It has caught the attention of both end users and investors alike. At a time when there has been a massive realty slowdown, Noida remains to be one of the cities which has held its own. ATS Le Grandiose Apartments, Where metros have faltered it is the tier 1 and 2 cities like this which have managed hold strong.
There is a strong growth spurt being witnessed in tier 1 and 2 cities. This is because most of the metros are saturated to the hilt. Tier 1 and 2 cities have more to offer for the intelligent buyer. The going rate for properties here are much cheaper and there are large parcels of land available as well. Many leading developers have started shifting focus to these cities. End users and investors can benefit if they jump into these markets. They may not be on par with their metro counterparts in terms of social and civic infrastructure. But they are catching up quickly and this is one of the main reasons why these cities have investors and end users excited to these markets. ATS Le Grandiose Location / ATS Pristine Location / ATS Khyber Range Location / ATS Bouquet Location
Real estate in Noida has grown by leaps and bounds over the last decade. As with any other city in the country, it is the Information Technology boom that gotten the realty industry a real shot in the arm. Before the IT revolution, this city played second fiddle to Noida which is the commercial capital of the UP. This is no longer the case. Real estate in Noida has held its own against the likes of cities like Noida. ATS Le Grandiose Apartments, In fact while the market in Noida has become rather pricey and stagnant, Noida is still growing and has all the makings of becoming a good realty destination.
Even though there is talk of unsold inventory piling up here, there is generally a sense of optimism which is surrounding the realty scene here. This is because the industry watchers have hope that the number of realty transactions will increase in the future. Reports also suggest that most of the unsold inventory is located in areas that buyers do not want to invest in. ATS Le Grandiose Apartments, All in all the city seems to be brimming with realty opportunities.
One of the most sought after markets in the city is Noida. This is because the area is an IT hub of good repute. The going rate for apartments here stands at INR 5800 per square feet on average in the first quarter of 2024. This is a drop of 5 percent when compared to the previous quarter. Independent home here cost about INR 7700 per square feet on average in the first quarter of 2024. This was a drop of about 10% when compared to the previous quarter.
