Registration of Homes in Noida rises to 3,127 Units from 2,720 Units

Between July and September, there was a 6% increase in the number of registered properties in Noida and Greater Noida, totaling 8,128 properties. According to data released by the Inspector General of Registration, Greater Noida led the charge, capturing 62% of these transactions throughout the course of the quarter.

During the period under review, the number of residences registered in Noida rose by 15% to 3,127 units from 2,720 units, while Greater Noida experienced a little increase of 1% to 5,001 units from 4,973 units.

According to the data, the overall registered home sales value for Noida and Greater Noida increased to Rs. 6,328 crore, representing a significant 34% YoY growth.

With a 62% YoY growth in home sales value, Noida outperformed Greater Noida, which had a 13% increase.

According to the report, average home values have significantly increased as a result of the stronger growth in sales value compared to transaction volume. In the September 2024 quarter, the average home sales value in Noida reached Rs. 1.05 crore, while in Greater Noida, it reached Rs. 61 lakh.

The average home sales value in Noida has surpassed Rs. 1 crore, a 41% year-over-year increase, indicating a boom in the city's housing industry.

 “Noida and Greater Noida’s residential market is experiencing sustained growth, bolstered by infrastructure advancements like the Jewar International Airport, which continue to strengthen both the commercial and residential sectors in these cities," says Ravi Nirwal, Sales Director and Principal Partner, Square Yards.

In the September 2024 quarter, both cities posted double-digit growth in home sales value and registered transactions—a surge driven by robust demand across mid-range and premium housing segments. The growing preference for high-end apartments has notably pushed average sales values, with property value crossing the Rs. 1 crore mark in Noida. Recent initiatives, such as allowing sales agreements to commence with 10% of the property value, alongside upcoming metro and tech-infrastructure expansion, are set to further enhance buyer confidence, connectivity, and liveability in the region, fuelling residential demand even more,” he said.