Noida outstrips Mumbai in realty destinations ranking
According to ranking prepared by real estate data firm Qubrex, Noida has replaced Mumbai as the second-best realty destination of India this year. Gurgaon-Manesar retained the top slot.
The rankings are based on parameters like – supply and demand, likely price appreciation in three years, emerging connectivity, potential growth in economic activity, nationally reputed builders, infrastructure, land acquisition risk, etc.
Noida rose from the sixth slot last year. The elevation in ranking owe to increasing connectivity, the likelihood of the Delhi Metro being extended to Noida Extension in two to three years and the expected master plan clearance by the National Capital Region (NCR) Planning Board.
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