Property sales in Gautam Buddh Nagar have maintained status-quo in the second quarter of 2022, from the previous quarter, with a marginal decline of 0.9% in overall sales.
Property Sales in Gautam Buddh Nagar Have Maintained Status Quo in Q2, 2022
The drop observed in the beginning of January may be explained by the temporary closure of the registration department in Noida in protest by the Bar Association of Noida.
On the other hand, the spike in transactions seen towards the end of March may be explained by the Greater Noida Industrial Authority's (or GNIDA) decision to increase land allotment rates by up to 25%.
A Drop in Property Sales Was Seen in Q2, 2021
Comparing sales figures from the same period last year, it is seen that the second quarter of the year noted a 45.5% decline in overall sales volume.
Therefore, it can be said that there is no seasonal variation in property sales activity from the first quarter to the second quarter of a given year in the district.
Affordable Transactions (ticket size < 45 Lakhs) Continue to Drive Sales Volume
Even though affordable sales (ticket sizes < 45 Lakhs) continue to make up for the majority of sales transactions in the district, it can be seen that their share relative to other segments has seen an overall decline.
Mid - Segment and Premium properties have observed an increased share of overall sales transactions, with a steady growth through the quarter.
Chapraula Saw the Most Number of Sales Transactions
Taking a closer at the geographical distribution of sales in Gautam Buddh Nagar, the northern parts of the district noted a large number of transactions, with the top 5 localities for sales located in those parts.
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