The Delhi National Capital Region has a few pockets of growth which are attracting the attention of buyers. And if they are attracting attention of the buyers then there is probably only reason for it and that is affordability. If any city or town which has affordable residential options, buyers, developers and investors will flock to it in droves. And who can blame them as property prices have reached unimaginable heights and are well out of the reach of the lower income and mid income buyers.
One such pocket of affordability is Greater Noida. It is a town located in the Gautam Budh Nagar district of the state of Uttar Pradesh. It is located at about 48 km from Delhi.
Buyers are gravitating towards 2 BHK apartments in Greater Noida. A vast majority of those who are looking for a property for sale in Greater Noida are looking at this flat configuration. The next configuration that they seem to like are 3 BHKs. The third choice among those who are looking for a residence in this market seems to be 1 BHKs.
Buyers in this market seem to prefer flats which are small to medium sized. There are completely ignoring the large sized flats. This could possibly be because the demographic which is looking to move into homes here is looking for smaller properties which fit into their budget range. The most preferred unit size for flats here falls below the 500 square feet range. The second and third choices here are the 751 to 1000 square feet range and the 1001 to 1250 square feet range.
The most popular budget ranges for apartments in Greater Noida falls between INR 10 to 50 lakhs here. There is clearly a great clamour for affordable property for sale in Greater Noida. Within this the most preferred budget range falls between INR 20 to 30 lakhs. The second most preferred budget range falls between INR 10 to 20 lakhs and the third most preferred budget range falls between INR 30 to 40 lakhs.
Since the market is mostly on the affordable side, the buying pattern of property seekers here also matches this. Buyers are willing to spend less than INR 2000 per square feet on homes here. Mostly buyers are willing to spend up to INR 4000 per square feet on residential options here. The second most preferred budget range here falls between INR 3001 to 3500 square feet. This is followed by the INR 3001 to 3500 square feet.
There are some other factors that are increasing the demand for properties here. The area is popular because it is a known industrial hub and hence is an employment generator. Many players from the across major sectors such as Information Technology, power and oil are present here. This fact alone makes Greater Noida a great destination for those who are looking to invest in properties in Delhi National Capital Region. Metro connectivity is also another great factor that is affecting the property market here in a positive manner.
One such pocket of affordability is Greater Noida. It is a town located in the Gautam Budh Nagar district of the state of Uttar Pradesh. It is located at about 48 km from Delhi.
Buyers are gravitating towards 2 BHK apartments in Greater Noida. A vast majority of those who are looking for a property for sale in Greater Noida are looking at this flat configuration. The next configuration that they seem to like are 3 BHKs. The third choice among those who are looking for a residence in this market seems to be 1 BHKs.
Buyers in this market seem to prefer flats which are small to medium sized. There are completely ignoring the large sized flats. This could possibly be because the demographic which is looking to move into homes here is looking for smaller properties which fit into their budget range. The most preferred unit size for flats here falls below the 500 square feet range. The second and third choices here are the 751 to 1000 square feet range and the 1001 to 1250 square feet range.
The most popular budget ranges for apartments in Greater Noida falls between INR 10 to 50 lakhs here. There is clearly a great clamour for affordable property for sale in Greater Noida. Within this the most preferred budget range falls between INR 20 to 30 lakhs. The second most preferred budget range falls between INR 10 to 20 lakhs and the third most preferred budget range falls between INR 30 to 40 lakhs.
Since the market is mostly on the affordable side, the buying pattern of property seekers here also matches this. Buyers are willing to spend less than INR 2000 per square feet on homes here. Mostly buyers are willing to spend up to INR 4000 per square feet on residential options here. The second most preferred budget range here falls between INR 3001 to 3500 square feet. This is followed by the INR 3001 to 3500 square feet.
There are some other factors that are increasing the demand for properties here. The area is popular because it is a known industrial hub and hence is an employment generator. Many players from the across major sectors such as Information Technology, power and oil are present here. This fact alone makes Greater Noida a great destination for those who are looking to invest in properties in Delhi National Capital Region. Metro connectivity is also another great factor that is affecting the property market here in a positive manner.
