After resuming the construction work in Noida Extension so many buyers have been feeling the smile on their faces, as well as driving prices upwards in the realty market once again.
With the approval of the revised Master Plan 2021 of Greater Noida by the NCR Planning Board, Noida Extension properties have become costlier in anticipation of the resumption of construction.
Very clear indications from developers that they would go for a price revision with some having already revised prices.
Before the land acquisition row a couple of years ago, the average residential rates in Noida Extension were in the range of Rs 1,800-2,000 per square feet. Currently, they average at Rs 2,800-3,200 per square feet.
Apart from the green flag to the resumption of construction, the other reasons for price escalation are the inflationary pressures and the rising cost of raw materials. The builders have gone ahead and raised…
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