Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
As Noida turns from affordable to luxury living, what's pushing real estate prices?
The Morning Standard
|June 17, 2024
NOIDA and Greater Noida, once known for affordable and mid-segment properties, have emerged as hotspots for premium real estate.
-
Previously limited to properties in the Rs 40-80 lakh range, new launches now frequently exceed Rs 1 crore, often in the same sectors and on leftover land from earlier projects.
According to a report by property consultant JLL, 14,822 flats worth Rs 24,944 crore were sold in Noida last year.
This surge is underscored by a significant increase in the average apartment price, which rose from Rs 1.24 crore in 2022 to Rs 1.68 crore in 2023. Apartments priced at Rs 3.5 crore and above made up 23 per cent of total sales in 2023.
Stakeholders believe the transformation is driven by several factors, chief among them being infrastructure development, completion of stalled projects, and favourable policy changes.
Cette histoire est tirée de l'édition June 17, 2024 de The Morning Standard.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Morning Standard
The Morning Standard
SHRIRAM KENDRA’S RAM LIGHTS UP NAVRATRI
As the Diwali-Dussehra season begins and Sharadiya Navratri unfolds, Delhi’s Shriram Bharatiya Kala Kendra (SBKK) has opened its doors for the annual staging of its renowned dance-drama RAM.
2 mins
September 24, 2025
The Morning Standard
China & India ‘primary funders’ of war: Trump
Says he's ready to impose harsh tariffs on Russia to end the Ukraine war if the EU joins in with the exact same measures, in UN speech
2 mins
September 24, 2025
The Morning Standard
Woman jumps from Supreme Court Metro Station, injured
A woman was severely injured after she allegedly jumped from the platform of Supreme Court Metro Station on Tuesday, an official said.
1 min
September 24, 2025
The Morning Standard
Pilots’ body asks ministry for judicial probe into Ahmedabad plane crash
THE Federation of Indian Pilots (FIP) has written to the Civil Aviation Ministry demanding a judicial probe into the June 12 Air India flight AI171 crash in Ahmedabad that claimed 260 lives.
1 mins
September 24, 2025
The Morning Standard
Top Chinese scientist detained in corruption case
A top Chinese scientist, who specialised in developing semiconductor chips for weapon systems, has been detained by anti-corruption authorities, his company Zhejiang Great Microwave Technology said.
1 min
September 24, 2025
The Morning Standard
Gujarat at forefront of startup surge, Shah hails GST reforms
UNION Home Minister Amit Shah on Tuesday kicked off the Startup Conclave 2025 with a fiery pitch, declaring that India's innovation engine has roared to life under Prime Minister Narendra Modi's vision.
1 mins
September 24, 2025
The Morning Standard
Swiggy exits Rapido, rakes in ₹2,400 crore
FOOD tech firm Swiggy has divested its entire 11.8% holding in Rapido, selling shares to Dutch investment firm Prosus NV and WestBridge Capital.
1 min
September 24, 2025
The Morning Standard
SHRIRAM KENDRA'S RAM LIGHTS UP NAVRATRI
Delhi's much-loved Navratri tradition is here again: the annual staging of Shriram Bharatiya Kala Kendra's celebrated classical dance-drama Ram.
2 mins
September 24, 2025
The Morning Standard
MHA to firm up norms for panel on demography and security challenges
THE Union Ministry of Home Affairs (MHA) is in the process of soon finalising detailed contours of the High Level Committee (HLC), comprising members drawn from the centre and the bordering states and terms of reference, to deal with issues relating to change in demography, security and other challenges posed by illegal immigrants in different States and Union Territories (UTs), sources said on Tuesday.
1 min
September 24, 2025
The Morning Standard
23-year-old gangster 'Maya' inspired by Bollywood film held after shootout
A 23-year-old man, inspired by the character 'Maya' from the Bollywood film Shootout at Lokhandwala, was arrested after a shootout with the police in southeast Delhi's Amar Colony area.
1 mins
September 24, 2025
Listen
Translate
Change font size