The National Capital Region (NCR) has experienced a significant turnaround in real estate over the past decade, with significant price appreciation in key areas. The NCR has seen an 81% increase in average residential prices over five years, making it an attractive investment destination. However, unsold inventory in the region.
Dropped by 51% in the last five years, with Noida experiencing the highest decline. The NCR residential market saw a new supply addition of 53,000 units in 2024, almost 44% higher than the launches in 2023. The supply share of affordable housing has shifted to luxury and ultra-luxury housing, with new launches.
The supply in the ultra-luxury segment contributing nearly 59% in 2024 compared to 24% in 2023. Key growth corridors in the NCR include Sohna, New Gurgaon, Dwarka Expressway, and Greater Noida West Greater Noida has emerged as the top performer in the National Capital Region (NCR) real estate market, recording.
A staggering 98% increase in average residential property prices over the past five years, according to a recent report by real estate consultancy ANAROCK. The average price per square foot in Greater Noida rose from ₹3,340 in Q1 2020 to ₹6,600 in Q1 2025 This significant appreciation surpasses the overall NCR average.
Which saw an 81% rise in residential property prices during the same period, with average rates climbing from ₹4,580 to ₹8,300 per square foot Several factors have contributed to Greater Noida’s impressive growth
Key Factors Driving Growth
- Infrastructure Development: The area has benefited from substantial infrastructure projects, Other NCR cities have also witnessed notable price appreciations Several factors have contributed to Greater Noida’s impressive growth including improved road connectivity and public transportation.
- Affordability: Compared to neighboring regions, Greater Noida offered more affordable housing options, attracting both end-users and investors The city’s planned development and availability of land have facilitated large-scale residential projects.
Comparative Growth in NCR Cities
- Noida: A 92% increase, from ₹4,795 to ₹9,200 per sq ft
- Gurugram: An 84% rise, from ₹6,150 to ₹11,300 per sq ft
- Ghaziabad: A 72% growth, from ₹3,260 to ₹5,600 per sq ft
- Faridabad: A 50% increase, from ₹3,200 to ₹4,800 per sq ft
Shift in Housing Preferences
- Luxury Segment Growth: Ultra-luxury housing (priced above ₹2.5 crore) comprised 59% of new launches in 2024, up from just 4% in 2020 The report also highlights a shift in housing Affordable housing (under ₹40 lakh) accounted for only 11% of new launches in 2024, a significant drop from previous years preferences Other NCR cities have also witnessed notable price appreciations within the NCR.
Reduction in Unsold Inventory
Despite rising prices, the NCR has seen a substantial reduction in unsold housing A 51% drop, from approximately 1.73 lakh units in Q1 2020 to about 84,500 units in Q1 2025 inventory the region is poised for sustained growth, attracting both homebuyers and investors alike.
- City-Specific Reductions:
- Noida: 72% decrease, from around 18,148 units to just over 5,000 units.
- Ghaziabad: 58% drop.
- Greater Noida: 56% reduction, from approximately 42,906 units to about 19,066 units Greater Noida’s remarkable 98% surge in property prices over the past five years underscores its growing prominence in the NCR real estate landscape. With continued infrastructure development, shifting housing preferences, and a significant reduction in unsold inventory.
Greater Noida has recorded the highest average property price increase in the NCR over the past five years, with a 98% surge, according to an ANAROCK report. Prices rose from ₹3,340 per sq ft in Q1 2020 to ₹6,600 in Q1 2025, driven by infrastructure growth and affordability.
- Group Media Publication
- Construction, Infrastructure and Mining
- General News Platforms – IHTLive.com
- Entertainment News Platforms – https://anyflix.in/
%20/23%20cimr%204.jpg "India is selected to host the ICCC Conference in 2027.")