Noida, October 25, 2024: With the festive season nearing, the Indian real estate market is experiencing a surge in both residential demand and supply. According to Magicbricks, India’s leading real estate portal, Noida’s residential inventory increased by 50% in just one month, driven by heightened interest from potential buyers.

Sector 75 emerged as the top supply hotspot, with a 20% increase and prices reaching INR 13,113 psf, followed by Sector 150 with a 10.55% rise at INR 11,875 psf, and Sector 128 with an 8.7% increase to INR 14,120 psf.

To tap into the season, developers in Noida, including Ajnara Homes, Mahagun Mywoods, and Exotica Dreamville, have rolled out special offers to attract homebuyers. Ranging from discounts, cashback options, and flexible payment plans. Additionally, some projects may offer benefits like zero stamp duty, no GST, or free modular kitchen installations to make the home-buying process more appealing during the festive period​.

Magicbricks data reveals the city’s average residential rate at INR 11,625 psf, with prices varying across property types: builder floors at INR 3,800 psf, multistorey apartments at INR 10,100 psf, residential houses at INR 17,000 psf, and luxurious villas at INR 18,900 psf.

Notably, demand for under-construction properties has surged, driving prices up by 69% YoY, from INR 7,547 psf in Q3 2023 to INR 12,758 psf in Q3 2024.

Magicbricks is India’s No.1 property site

As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.

With 17+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.

Sushma Group, a leading name in Punjab’s real estate market, is all set to deliver 500+ more possessions in the FY-24-25 across its four premium residential projects : Sushma Valencia, Sushma Grande NXT, Sushma Joy Nest MOH 1, and Sushma Joy Nest ZRK 1. Having already delivered 300+ homes in this FY the group is geared to mark milestones and underscore its commitment to delivering quality homes in key locations across Zirakpur and Mohali.

Strategically located on the 200-ft-wide PR-7 Airport Ring Road, Sushma Valencia offers exquisite 3BHK villa floors featuring the timeless elegance of classic Spanish architecture. As a part of the region’s largest organized mega township, the project is distinguished by its expansive design, with more than 45% open green spaces, lush lawns, and up to 60-foot-wide internal roads with service lanes. Villa floors are equipped with elevators for enhanced comfort. The project is adjacent to a renowned school and is within close proximity to a proposed hospital, international food chains, hotels, retail outlets, and an entertainment hub, making it a perfect blend of luxury and convenience.

Mr. Aggarwal, a satisfied buyer of Sushma Valencia, expressed, “We are extremely grateful to Sushma Group; through them, we found our dream home at Sushma Valencia. The quality construction and premium amenities used in the project gave us peace of mind.”

Next comes Sushma Grande NXT, an extension of Sushma Chandigarh Grande. Strategically located on the Chandigarh-Delhi National Highway near Best Price, Zirakpur, it offers seamless connectivity to Chandigarh, Punjab, Himachal Pradesh, Haryana, and New Delhi. Spread over 3.5 acres of land, the project features G+12-storey apartments equipped with exclusive amenities like Power Backup, a Kids’ Play Area, a Kids’ Club, Flower Gardens, etc.

Sushma Joy Nest MOH 1, located on the 200-foot-wide Airport Ring Road PR7 near Aerocity, Mohali, offers the community a modern lifestyle. The project offers 2BHK and 3BHK apartments across 13 towers equipped with all the amenities needed for a modern life. Buyers can enjoy a range of amenities designed for a healthy and active lifestyle, including an operational clubhouse with a swimming pool, an open fitness center, a basketball court, a skating rink, and a jogging track. Sushma Joynest MOH 1 is the perfect blend of privacy, security, and recreation, providing residents with everything they need for a modern, peaceful, and enjoyable life.

Sushma Joy Nest ZRK 1 is designed to provide affordable yet luxurious 3BHK homes. As the only residential project connecting both the National Highway and the International Airport road, it offers unparalleled accessibility. The project features a G+5-storey with lift facilities and a fully operational clubhouse, making it an attractive option for families looking for comfortable living in a well-connected location.

Prateek Mittal, Executive Director, Sushma Group, said, “We are extremely excited about constantly delivering happiness across our projects. Through these developments, we are committed to delivering exceptional living spaces that combine modern architecture with convenience and comfort. This announcement aligns with our dedication to curating premium projects with superior craftsmanship.”

Over the past 16 years, Sushma Group has successfully delivered 15 projects, reinforcing its commitment to the highest levels of customer satisfaction. With projects spanning Zirakpur, Kasauli, Mansa, Barnala, and Ludhiana, Sushma Group is renowned for offering uncompromised quality. Each project features premium amenities, expansive spaces, and strategic connectivity, ensuring high rental yields for investors while providing the perfect balance of comfort, convenience, and connectivity for residents.