00:00the positive growth of noida's housing market
00:08we've been bringing current and upcoming trends of noida's real estate market in our videos
00:15today's video will highlight a few significant factors that showcases the recent positive
00:20growth of noida's housing market before we get started make sure to subscribe to our channel
00:27and hit the like button to get notified of our latest videos last year noida's residential
00:33sector displayed a boost with record-breaking sales according to an analysis from a real estate
00:39firm a total of 14 822 flats were sold which added up to a massive 24 944 crore indian rupees
00:47approximately so what does experts say research experts say that 62 percent of the 14 822 flats
00:57belong to under construction projects this proves the return of buyer confidence on under construction
01:04projects especially with the changes in transparency and regulations some of the key factors that
01:10contributed to the growth according to this analysis are as follows improved job prospects
01:16promising development opportunities availability of high quality housing options and increased
01:22investments what's even more interesting is that in 2023 the average cost of a noida apartment
01:29saw a significant increase to 1.68 crore rupees from 1.24 crore in 2022
01:35this increase further shows the allure of noida's residential real estate market
01:41now noida was previously regarded as a mass housing market that was affordable
01:46however the market is currently witnessing significant sales in the luxury segment
01:52last year's overall sales in noida shows that 23 percent of the sales
01:58consist of apartments at value of 3.5 crore indian rupees and more
02:02with that bit of interesting news we've reached the end of this video
02:07for more on noida's real estate market stay tuned to our channel see you on our next video
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