#realestate #noida #flats
1. Noida International Airport:
The construction of Noida International Airport has proved to be a boon for the city. Ever since the announcement, the property prices not only in Noida but also in adjoining areas have augmented manifold.
2. Government's Investment Thrust
The Government's push for construction of highways and expressways in and around the region has solved connectivity issues. This has attracted commercial investments leading to robust demand and price hike.
3. Noida Authority:
The Noida Authority has time and again hiked plot allotment rates. In 2024, the authority hiked allocation rates by 6% more. This has made it more costlier for developers to acquire land for construction of properties. They have been left with no choice other than to sell apartments at higher cost to the aspirant homebuyers.
4. Limited Land Supply
Over the years, Noida's population has increased, but land remains in limited supply. Due to robust demand for flats and land supply shortage, the developers are left with no choice other than to hike prices of newly launched projects.
5. Improved law and order situation
Over the course of time, law and order situation has improved in the industrial town. More and more people have decided to relocate to Noida. Developers see
heightened interest from NRIs to invest here. Many developers have reported that people residing in New Delhi have sold their bungalows and relocated to the Gautam Budh Nagar area. All these and more have led to increased demand for properties in turn resulting in high prices.
