The Impact of Noida’s Luxury Property Boom on India’s Real Estate Market

The Impact of Noida’s Luxury Property Boom on India’s Real Estate Market

The latest trends in India’s real estate market show upward mobility, as Indians are consistently upgrading their lifestyles by investing in finer things. The old independent housing schemes are no longer the center of attention when it comes to residential properties because everyone’s interested in investing in luxurious and spacious apartments. 

And people are not just switching to average apartment buildings. Instead, they prefer to buy condos in projects that offer numerous amenities. These include multi-level parking for their expensive cars, jogging tracks, parks, gyms, clubhouses, sports centers, etc. 

Residential Real Estate In NCR 

What’s surprising to learn about the residential real estate sector of the NCR (National Capital Region) is that the ultra-luxury segment saw the highest rise in 2022, with the supply of apartments priced over Rs 2.5 crore increasing by 18%. 

Gurugram’s real estate market has been quite prominent in all of NCR since the city remained a hub for commercial and prime residential projects. Gurugram has quite a strategic location, offering connectivity to various key areas, including Delhi NCR. 

Analog landscape of city with buildings

The real estate market in NCR continued to perform well in 2022 despite the increments in property prices and the economic impact of the pandemic. Now experts believe that while developers might refrain from launching new projects, the demand for ultra-luxury residential properties and commercial projects will keep rising at the same rate, if not higher. 

Furthermore, prices of luxury properties rose by 8-12 % over the last year and more than 33% of high-net-worth individuals and ultra-high-net-worth individuals are ready to spend over Rs 10 crores to buy prime residential properties. 

Read More: ACE Divino – The Destination For Luxury

Luxury Real Estate Market In Noida 

Different initiatives by the government, including a reduced GST of 5% on under-construction properties and other budgetary proposals, contributed to the hike in Noida’s real estate market. 

Moreover, Noida’s luxury property market is also showing promising growth with high demand for prime residential projects. One reason for this is the better affordability of luxury residential apartments in Noida compared to Gurgaon, which is currently the most expensive city in the Delhi-NCR. 

60% of homebuyers of luxury residential projects in Noida are residents of the city, while the rest are from Delhi. In Noida, you’ll find a lot of under-construction ultra-luxury residential properties, including those in their pre-launch stages.

3d rendering luxury and modern living room with leather sofa and lamp

People are not only buying Noida’s luxury property for investment purposes. But they also want to upgrade their lifestyle by moving into a new home that offers various amenities in one place. Apartment projects in Noida now have infinity pools, squash courts, spas, clubhouses, cabanas, green pastures, trees, an outdoor jacuzzi, and more. 

ACE Divino, a project by ACE Group, is a good example to look at if you want a glimpse of the ultra-luxury residential properties in Noida. Apart from having all the facilities to help its residents live comfortably, ACE Divino’s location is one of its unique factors, attracting buyers from Noida and its neighbouring cities. 

ACE Divino is in Greater Noida West Sector 1 with proximity to the under-construction FNG (Faridabad Noida Ghaziabad) expressway, Noida Stadium, and formula 1 racing track. You can easily drive to the Indira Gandhi International airport through the new Delhi-Meerut highway, which is approximately 43.3 km away from sector 1. Similarly, Wave City Center Metro Station on the Blue Line is approximately 12.8 km away.  

In addition to this, experts believe that after the completion of the Jewar International Airport and the new metro link, Noida’s real estate market will start growing even more rapidly. This will ultimately give a boost to India’s real estate sector because the prices of Noida’s luxury housing market will reach new heights along with increased demand. 

ACE Parkway is one of ACE Group’s projects in Sector 150 Noida, with close connectivity to the Noida-Greater Noida expressway, DND expressway, and Yamuna expressway, allowing people to travel across Delhi-NCR and Agra conveniently. 

Don’t forget that Jewar airport is only 30 minutes away from Noida sector 150. These great connectivity factors, as well as widely available basic amenities in the vicinity, result in an increasing demand for luxury residential properties like ACE Parkway. 

It is safe to say that after the completion of modernised infrastructure projects in Noida, the value of residential properties will skyrocket. This means now is the right time to invest your hard-earned money in one of Noida’s luxury property or apartments in Noida. 

To know more about our luxurious residential projects, contact ACE Group.

ACE Parkway: RERA REG NO. UPRERAPRJ4514 | Website of RERA:

ACE Divino: RERA REG NO. UPRERAPRJ6734 | Website of RERA:

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