Greater Noida Hits the Jackpot: 98% Price Surge in Five Years

National Capital Region (NCR) has seen a drastic change in the real estate sector in the last five years. As per an updated report from Anarock Research, the average residential property prices in NCR have seen a whopping rise of 81%, with Greater Noida leading the charge, with an impressive 98% price increase.
In Q1 2020, Greater Noida property prices were Rs 3,340 per sq. ft., which rose to Rs 6,600 per sq. ft. in Q1 2025. Noida trailed marginally with a 92% hike, while Gurugram saw an 84% rise in residential property rates. Delhi and Faridabad, though at a slower pace, still managed good growth.

The increased trend can be credited to the structural changes in the form of RERA, the SWAMIH Fund, and PMAY (Urban) that have refreshed the regional real estate segment. Better connectivity and infrastructure also went a long way in influencing both end-users as well as investors to enter the peripheral parts of NCR.

The report further points towards a change in housing trends, with luxury and ultra-luxury units taking over the market. Ultra-luxury housing in 2024 made up 59% of new launches, compared to 4% that it held in 2020. Affordable housing, a mainstay in the past, now only makes up 11% of the pipeline supply.

As NCR develops further, prime growth corridors like Sohna, New Gurgaon, Dwarka Expressway, and Greater Noida West are turning into hotspots for residential and commercial development. With unsold housing stock falling by 51% and overhang inventory coming down to mere 17 months, the area is ready for long-term growth and investment prospects.

Sources: Anarock Research, Hindustan Times, Business Standard.