00:00what's next in the noida property market
00:10today we've got big news for property enthusiasts
00:15delhi ncr especially in noida saw a whopping 16 spike in residential property prices
00:24reaching an all-time high in the past year
00:30now you might wonder why well the demand for luxurious spacious homes is soaring despite
00:36high mortgage rates a recent collier's leases force report shows a solid eight percent price hike
00:44in residential properties from a year ago so why are housing prices escalating
00:52the increasing material costs and growing demand are driving up the prices
00:56plus people are eyeing flush amenity rich apartments more than ever
01:08but why the surge in residential real estate post pandemic the three big reasons are
01:15more people are opting to own homes there's a better supply of quality homes and buyer's spending power
01:21has increased interestingly the average flat size in delhi ncr grew from 1250 square feet in 2018
01:30to 1700 square feet in q1 2023 reflecting changing consumer needs and developers response to the
01:37demand for bigger homes top real estate builders in india also capitalize on this demand by launching
01:45projects in the country's eight major cities gearing up to become india's upcoming economic hub noida is
01:53attracting a lot of attention due to its various development projects
01:59one of them is the world's longest port taxi service
02:01an eco-friendly commute planned between the noida film city and java airport budgeted at 810 crore rupees
02:12it's set to enhance connectivity be cost effective and eventually boost noida's property market
02:21yada also plans a bus rapid transit system for smooth commutes from noida airport to the ncr
02:26rights limited has been roped to develop this modern transport system expected to improve local
02:34commuting and boost property prices
02:39click the link below to read more on noida's property market
02:46stay tuned by subscribing to our channel for more updates on india's thriving property market
02:50thanks for watching
03:01you
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