The reason buyers prefer Noida as opposed To other NCR cities is the fact that the city has a good civic Infrastructure and excellent connectivity. Aditya Kushwaha CEO and director at Axis Ecorp, talks about the areas more in demand and the Segments that saw an uptick as he says. “Central Noida and Greater Noida West are popular among homebuyers and they continue to be in demand this quarter as well. In comparison. Gurugram and Faridabad lost ground in the second quarter of 2021. The Increase In circle rates and the impact of COVID-19 in this area were the main reason for dampened sales in this region. Affordable housing segment. Has seen a strong uptick in the last couple of years.
The incentives announced by the government and lower interest rates offered by the banks have been the major contributor in moving the inventor in the affordable segment.” It is expected that with more transparency and compliances in place, the sector will be in good shape and next quarters of the year will see a turnaround obviously. This is period of change that will benefit serious players of the sector. And when the times are changing. Noida, riding on the back of good infrastructure. Connectivity and high liveability quotient, stands to emerge as a clear winner.