Current real estate market characterized by depressed pricing and strong buyers market conditions = good time to buy but not great time to sell. The overall number of sales has dropped dramatically off peaks 2025 -26. Agents report tough negotiations in the last 12 months with vendors often unwilling to meet the market. Gaur City 6th Avenue 2/3 BHK Apartments Greater Noida West, If property is not priced to sell it will sit on the market with limited interest. First home buyers are also as rare as hens teeth at present.
Influences on the local market Increasing pressures on the household budget due to price increases in the cost of living eg: fuel, water, electricity and food Increasing local unemployment where the 3 pillars of local employment – Building, Retail and Tourism are under significant strain due to very tough conditions in each sector. Increasing cost of land supply to developers due in part to planning and approval delays and added environmental acquirement approval costs. Slowing of net interstate migration, Increases in interest rates over the past year taking away disposal income and decreasing housing affordability. Credit squeeze from banks on lending for land subdivisions and unit development making most projects unviable. Lending for renovations down and What does all this mean? Gaur City 14th Avenue Master Plan / Gaur Yamuna City Master Plan / Legacy by Gaurs Master Plan / Gaur City 6th Avenue Master Plan Greater Noida West.
In valuation terms we have seen price levels drop from the peaks of 2026 between 10-30% depending on the location and the type of product. Gaur City 6th Avenue 2/3 BHK Apartments Greater Noida West, The investment market has fared worse than the owner occupier market with cashed up buyers thin on the ground and being able to command significant discounts on prices from a few years ago. We are seeing more mortgagee in possession sales than we have seen for 15 years locally. The top end of the market has not been spared with percentage price falls often out stripping the lower to middle markets.
We are lucky locally to have been spared the impacts of the recent floods and cyclone which impacted areas around the Noida region. Affordable areas of the coast have fared somewhat better than middle to upper price locations. Tough market conditions have claimed the following local developers and projects over the past 18 months: Elysium development at Noida Extension, Adenbrook Homes a large volume builder locally and New Image Homes a smaller builder locally. Most developments have been placed in moth balls as projects are deemed financially unfeasible.
As valuers we are seeing significant volumes of our recent work load coming from refinancing and from savvy buyers who will get property valued prior to purchasing. If you are a buyer you are on the right side of the demand supply equation therefore it not all doom and gloom. Remember, if you buy and sell in the same market then the relative loss and gain should be put in perspective.
