Noida Authority announces 6 per cent hike in land allotment rates affecting residential plots, group housing – Details inside
A six per cent hike in land allotment prices for the financial year 2024-25 was announced by the Noida Authority after it concluded its 214th board meeting on July 12. With this, the rates for group housing, institutional and industrial sectors will be impacted.

Trends and insights shaping the commercial real estate on Noida Expressway
The Noida Expressway, a key artery connecting Noida and Greater Noida, has emerged as a preferred destination for commercial real estate growth. This corridor is witnessing substantial demand for high-street retail and office spaces, spurring significant stride in the area’s real estate development. Investors and buyers view it as a comprehensive hub for entertainment, recreation, and workspace.

Faridabad’s luxury housing market rises amidst Noida and Gurugram saturation
The residential luxury market in Faridabad offers a solid alternative to the more established upscale markets of Noida and Gurugram within the National Capital Region (NCR), primarily due to its competitive pricing for luxury housing. Unlike the saturated markets of Gurugram and Noida, where sky-high prices make it difficult to find spacious flats within a gated and well-maintained society for even INR 1 crore, Faridabad presents an opportunity for both affordability and growth.

Bengaluru, Pune, Mumbai and Noida rentals surge: Check out average rent for 1,000 sq/ft 2-BHK in these cities
Average rents for a standard 1,000 sq/ft 2-BHK in Bengaluru’s Whitefield rose by 4% from Rs 32,500 month in the Januray-March period of 2024 to Rs 35,000 per month so far in the second quarter of this calendar year, according to a report by real estate consultant ANAROCK.

Noida Authority to de-seal M3M projects, revokes earlier order
The Chief Secretary of Uttar Pradesh, Mr. Anil Kumar Sagar, has instructed the CEO of the Noida Authority to de-seal the properties of M3M, effectively revoking the earlier decision, according to the company. This decision has brought immense joy to the homebuyers who have invested in the project.

Construction set to resume on Unitech projects after Noida Authority approval
Noida: Following the directions from Supreme Court of India, the Noida Authority has approved a revised map of the stuck housing projects of Unitech Builder group paving the way for construction to begin on the long-stalled projects involving 6000 homebuyers in the city.

The rise of retail real estate on Noida Expressway
Noida Expressway is becoming the most preferable destination for retail space supply boost, underscoring rapid strides in the areas of infrastructural developments, connectivity, and population density. The underlying demand for diverse types of projects such as Shop-cum-Offices, mixed-use commercials, and high-street projects is upshooting in the corridor as end-users are viewing them as a nucleus of entertainment, recreation, and workspace, all rolled into one.

Godrej Properties sells 650 homes worth over Rs 2000 crore in its new project in Noida
Godrej Properties Ltd on Thursday announced that it has sold approximately 650 homes worth over Rs 2,000 crore in its project, Godrej Jardinia, located in Sector 146, Noida. Launched in May 2024, this is Godrej Properties’ most successful-ever launch in Noida in terms of the value of sales achieved. 

16% Y-o-Y surge in rents across 13 major Indian cities, Greater Noida, Gurugram lead: Magicbricks Report
New Delhi: Magicbricks has released its rental update for January-March 2024, indicating a surge in rents across 13 major Indian cities. The report highlights a 16 per cent year-on-year increase in rents, with Greater Noida, Gurugram, and Bengaluru leading the way with Y-o-Y growth rates of 32.1 per cent, 24.5 per cent, and 23.7 per cent, respectively.

SKA Group to develop Rs 592-cr luxury housing project in Greater Noida
NCR-based SKA Group has announced its foray into the luxury segment and launched SKA Destiny One, its maiden luxury residential project located in Sector Zeta 1 in Greater Noida. The company plans to invest Rs 592 crore in the project.

Experion Developers to invest Rs 1,500 cr to build new projects in Noida
Realty firm Experion Developers will invest about Rs 1,500 crore to develop a luxury housing project in Noida as part of its expansion plans amid sharp rise in demand for residential properties. Gurugram-based Experion Developers has registered its new project 'Experion Elements' with real estate regulatory authority, RERA, for launch.

The company, a wholly owned subsidiary of Experion Holdings Pte Ltd, Singapore, will develop around 320 housing units in this 4.7-acre project at Noida in Uttar Pradesh. In the first phase, around 160 units are being launched for sale. Experion Developers CEO Nagaraju Routhu said the company is entering Noida, which is an important real estate market in Delhi-NCR. With the receipt of the RERA registration for this project, he said the company is launching the first phase of this project comprising 160 units. The company had bought this land from the state government through auction process to develop this housing project.

Sundream Group to invest Rs 250 cr in 2nd phase of Anthurium Business Park project in Noida
The Sundream Group has announced its plan to invest Rs 250 crore in FY24-25 in the second phase of its Noida-based commercial project Anthurium Business Park.

Noida news: 42 realtors to clear dues, allow registry of stalled housing projects
In a major relief to homebuyers, the Noida authority has confirmed that 42 of the 57 realtors in Noida have agreed to pay their respective dues in stalled housing projects. 

Office Leasing: Delhi NCR leads Indian cities in leasing activity for Q1 2024 with strong performance in Gurugram, Noida
Delhi NCR has once again emerged as the country’s top region in terms of leasing activity with a gross leasing area reaching 4.03 million square feet in the first quarter of 2024, according to a report.

Noida Expressway: The newest commercial real estate hub in Delhi-NCR
The Noida Expressway is a principal corridor harboring unlimited potential. Built with a clear purpose to decongest National Highway- 2, it establishes a direct connectivity channel between Delhi and Noida and further stretches to Greater Noida.

Commercial Real Estate Potential in Greater Noida West: Trends & Opportunities
Greater Noida West has been rapidly emerging as a hotspot for investment opportunities, particularly in the commercial real estate sector. Situated strategically within close proximity to Delhi and key business hubs like Noida and Greater Noida, the region has undergone a remarkable transformation over the past few years. The Greater Noida Authority’s recent announcement about its decision to allot five commercial projects near Yamuna Expressway for the development of malls, hotels, and showrooms indicated the region’s potential quite well. This move not only signifies a boost in commercial infrastructure but also reflects the confidence of authorities in the area’s growth trajectory.

Noida records record-breaking housing sales in 2023: JLL
The residential sector in Noida has continued to showcase strong momentum with record-breaking sales in the calendar year 2023. A total of 14,822 flats were sold, amounting to a significant value of Rs 24,944 crore, according to JLL.

Real estate in Noida to get a major boost with the development of ‘Japanese’ and ‘Korean’ cities
Noida is set to witness a global level transformation, with an ideology to create miniature versions of Japanese and Korean cities. The Yamuna Expressway Industrial Development Authority (YEIDA) has marked two sectors for the establishment of these industrial cities, with the acquisition of hundreds of hectares of land.