Bigger homes by branded developers becoming home buyers’ No. 1 choice Financial Express
The real estate market in India is on fire. The penchant for bigger and better homes is not only increasing but is also breaching its own numbers. The country is witnessing a huge rise in housing demand, and realty firms are reporting record-breaking sales. Reports after reports are talking about this, and in the last two-three years an upward growth trajectory has been witnessed, which is getting steeper. As per a report by JLL, 14,822 flats valued at a whopping Rs 24,944 crore were sold in Noida last year. What is also remarkable is that the average cost of an apartment in Noida witnessed a substantial increase from Rs 1.24 crore in 2022 to Rs 1.68 crore in 2023. Apartments priced at Rs 3.5 crore and above accounted for a significant 23 per cent share of total sales in 2023.
