Greater Noida Tops NCR Realty Boom With 98% Price Surge In 5 Years: Report News24 –

The National Capital Region (NCR) has reemerged as a powerhouse in India’s real estate sector, with average residential property prices jumping 81% between Q1 2020 and Q1 2025, according to ANAROCK’s latest report. Greater Noida emerged as the top performer, registering a staggering 98% rise in property values—transforming into a key residential hub fueled by affordability, infrastructure growth, and heightened investor interest.

Noida, Gurugram Lead The Surge In Property Appreciation

The residential property prices in Noida experienced the second-largest elevation during 2020-2025 by reaching 9,200 per sq. ft. after starting at 4,795 per sq. ft. The property rates in Gurugram experienced an 84% surge during this period as prices rose from 6,150 to 11,300 per sq. ft. With an 81% average residential price increase, the NCR region revealed itself as an attractive sector for property investments based on data shown in the report. Unsold housing inventory in NCR’s market experienced a drastic reduction of 51% during the period from Q1 2020 to Q1 2025, as it decreased from 1,73,117 units to 84,500 units respectively.

Expert Insights On NCR’s Exceptional Growth

As quoted by the Times of India, ANAROCK Group Vice Chairman, Santhosh Kumar said, “Greater Noida saw an astounding 98% appreciation among all NCR cities in the last five years – average prices here rose from Rs 3340/sq.ft. in Q1 2020 to Rs 6600/sq.ft. by Q1 2025-end. Noida recorded the second-best appreciation of 92% in the same period, from Rs 4795/sq.ft in Q1 2020 to Rs 9200/sq.ft by Q1 2025. Gurugram witnessed an 84% jump – from INR 6,150/sq.ft. to Rs 11,300 per sq. ft. in this period. Overall, the entire NCR saw an 81% jump in average residential prices over five years. Little wonder, then, that the region is seen as an investment destination par excellence among those who know where to look and what to look for.”

Shift In Housing Preferences: Premium Over Affordable

Recently reported data showed NCR’s inventory overhang decreased to 17 months, while five years ago it reached 88 months. Supply mix statistics indicate that affordable housing disappeared while premium and ultra-luxury housing took over. The latest report shows that ultra-luxury residential projects priced above 2.5 crore constitute 59 percent of new launches in this year’s quarter, with a substantial growth from 4 percent in 2020 and 24 percent in 2023. Affordable housing (under 40 lakh) experienced a significant decline as New Delhi market supply data reveals an 11% share in 2024, which dropped from 41% in 2022 and 47% in 2019. The 80 lakh to 1.5 crore premium segment took over 53 percent of the new residential market supply in 2023–24. The research study recognizes Sohna as Gurgaon’s rapidly developing market in South Gurgaon due to its convenient access to DLF Cyber City and Udyog Vihar, and Golf Course Road business districts. Sohna offers affordability combined with urban amenities through planned improvements and competitive home prices, so people are interested in buying properties there. Sohna maintains its status as an appealing residential location because it stands near industrial zones, and its main roads are expanding rapidly, and vital services are improving, thus attracting mid-segment homeowners and first-time homebuyers.

Dwarka Expressway: A Rising Corridor Of Growth

Dwarka Expressway experienced double-digit price increases during the last five years, as per a research report, which declared the corridor among NCR’s most prospective developments. Real estate prices for residential properties are now at Rs 11,000 per sq. ft. because they increased from Rs 5,360 per sq. ft. in 2019 to their current value in early 2025. Dwarka Expressway has become a key investment destination for investors and end-users because it provides easy access to Dwarka and Golf Course Road and the IGI Airport, and its Grade A commercial spaces and high-end social infrastructure in an established Gurgaon neighborhood zone.

The report examines the rapid development of Greater Noida West, also known as Noida Extension, which contains Sectors 1, 2, 3, 4, 10, 12, 16, 16B, 16C, and Tech Zone IV and Knowledge Park 5. The residential property market in this specific area achieved a 24% value increase during the previous year to reach 8,450 per sq. ft. by end-2024. The development plan for Greater Noida West dates back to the early 2000s when it established itself as a dynamic, affordable residential location with prosperous retail and educational, and healthcare sectors. The upcoming Noida International Airport in Jewar will become India’s largest facility by terrain when it opens for operations in May 2025, while serving its first 12 million yearly passengers. The report reveals that the airport will transform the region by promoting both tourism and logistics activity as well as trade activities and employment opportunities, together with strengthened global access options. The upcoming Noida International Airport development will generate multiple effects on real estate performance throughout Noida and its dependent areas, including Greater Noida.

NCR’s Real Estate On A Path Of Sustainable Expansion

These advancements are not only boosting the quality of life but also reinforcing the NCR’s appeal as a prime investment destination. Peripheral corridors are emerging as key growth drivers. The report highlights that the NCR real estate market is on a path of sustained growth, supported by targeted infrastructure projects, rising buyer confidence, and the expansion into outlying areas.

As quoted by the Times of India, the report mentions, “With growing demand from end-users and investors alike, and the emergence of vibrant growth corridors like Sohna, New Gurgaon, Dwarka Expressway, and Greater Noida West, the region is primed for long-term expansion. As core areas saturate, these peripheries will drive the next wave of residential and commercial development.”