Noida 7X, Dadri Main Road Among Most Searched Residential Areas In City As Prices Increase: Report

Noida: With demand and searches increasing 15.72% Year-on-Year (YoY), and supply increasing 13.1% YoY, the aggregate on-demand residential price by homeowners has increased to a whopping 46.2% YoY, shared Magicbricks in its recent PropIndex report. The average residential rate in Noida is Rs 11,625 per square foot (psf). The real-estate info company stated that the average price of builder floors is Rs 3,800 psf and Rs 10,100 psf for multistorey apartments. The same for residential houses is Rs 17,000 psf and Rs 18,900 psf for luxurious villas. Also, the demand for under-construction properties has also increased significantly, driving prices up by a whopping 69% YoY, increasing from INR 7,547 psf in Q3 '23 (Jul-Sep 2023) to INR 12,758 psf in Q3’24.

According to the portal, customer preference leans heavily towards 3-bedroom apartments (average price Rs 11,300 psf), comprising 64% of the total demand. Following closely, 2 BHK units (average price INR 8,400 psf) commanded 22% of searches in the area. The report also elaborated that Noida 7X near Faridabad-Noida-Ghaziabad (FNG), Noida Expressway South (towards Pari Chowk) and Dadri Main Road are the most searched areas. The average residential rate in these areas range in between Rs 11,700 psf to INR 15,300 psf.