Gaur city 5th Avenue is a good destination to buy ready to move flats apartments in Greater Noida west. The next few years for the Greater Noida real estate market are said to be crucial as the market is on its road to recovery. According to a number of real estate research firms, Greater Noida is all set to emerge as one of the top real estate destinations in India. Property in Greater Noida are already stirred a good demand owing to the big changes in the economic and political scenario in the city. According to Cushman & Wakefield, While Delhi National Capital Region (NCR) will see a short supply of 3.3 lakh units, Greater Noida and Noida will witness a shortfall of 2.3 lakh units and 2.32 lakh units, respectively. With an estimated overall demand-supply gap of around 2.3 lakh units , Greater Noida is likely to witness one of the highest shortfalls due to the comparatively low supply scheduled to be delivered in the next five years.
From the year 2020 to 2023, there will be a shift in demand for housing such as apartments in Greater Noida. Total demand for housing in the city is said to overshoot the supply by almost 80% according to real estate experts from the city. Again most of the demand for property in Greater Noida is said to be generated from the middle income group or MIG, followed by the high income group or HIG and then affordable housing sector. MIG is definitely the most prominent form of real estate development in the city. As compared to the rest of the south cities, Greater Noida projects HIG as the second most popular choice. Other cities have shown LIG as the preferred choice of housing. This indicates that there is a rapid growth in the luxury segment in the market. Gaur City 4th Avenue Floor Plan / Gaur city 5th avenue Floor Plan / Gaur City 7th Avenue Floor Plan / Gaur city 6th avenue Floor Plan
President of Uttar Pradesh Real Estate Developers Association said to the media that, “In the last three to four years, the demand for housing units in the city was low as people were hesitant to invest due to the political uncertainty. However, with bifurcation over and the state government being aggressive about attracting industries, the demand for housing units too is set to jump in the next few years.” With the political uncertainty over in the state now, Things are looking up for the Uttar Pradesh real estate market. Not only Greater Noida but many other Tier II cities are also said to gain prominence. This is a good sign for the state and its growth and development. The city is also building a good backdrop of physical infrastructure to support the growing population and property in Greater Noida. With a home buyer demand increasing experts believe that the market will incline more and more towards building apartments in Greater Noida as a preferred investment option by prospective buyers.