While real estate prices are rapidly moving up across India, Delhi-NCR seems to be leading the pack, with average residential prices in the region jumping by as much as 81% over the last 5 years, according to ANAROCK’s recent report titled “NCR Real Estate—A Beacon of Growth and Opportunity.”
Greater Noida in Delhi-NCR saw the maximum rise in property prices, with average residential prices increasing by a whopping 98% between 2020 and 2025. In the first quarter of 2020, property prices in the area stood at Rs 3,340 per sq. ft., which surged to Rs 6,600/ ft. in the first quarter of 2025, i.e. by the end of March this year.
Noida followed this region on its heels in terms of a rise in residential prices, with an average hike of 92% between 2020 and 2025. In the first quarter of 2020, average prices in the area were around Rs 4,795/sq.ft, which zoomed to Rs 9,200/sq.ft by the end of March 2025.
Notably, in Greater Noida West, also known as Noida Extension, property prices have appreciated by 24% in just the last year, reaching Rs 8,450 per sq.ft by the end of 2024.
This area includes sectors 1, 2, 3, 4, 10, 12, 16, 16B, 16C, as well as Tech Zone IV and Knowledge Park 5, as per the report.
While NCR, as a whole, witnessed over 30% year-on-year (YoY) growth in average property prices during 2024, Noida and Greater Noida outpaced NCR, with 34% and 33% YoY growth in average property prices.
According to Kirthi Chilukuri, Founder & Managing Director, Stonecraft Group, real estate investments in Noida are not simply to be seen as an asset but also as an avenue to long-term wealth creation.
“Emerging areas such as Noida and Sohna Road in Delhi NCR also exhibit strong potential, driven by excellent connectivity, infrastructural upgrades, and increasing interest from both end-users and investors. These locations are becoming hotbeds for appreciation due to planned developments, strategic positioning, and a strong influx of demand. Real estate in these areas is not just an asset but a gateway to future value creation,” he adds.
Gurgaon, Dwarka, new corridors for favorable real-estate investments
As the report highlights, the average property price in New Gurgaon as of 2024 was around Rs 10,350 per sq. ft. This marks a 76% hike since 2019 and a 34% increase since last year.
Overall, Gurgaon witnessed an 84% jump in property prices, from Rs 6,150/sq.ft in the first quarter of 2020 to Rs 11,300/sq.ft by the end of March 2025.
Residential prices along the Dwarka Expressway, which connects Delhi and Gurgaon, alongside establishing connectivity to prominent locations such as Dwarka, Golf Course Road, Golf Course Extension, and Old Gurgaon, saw over 2x price appreciation in the last 5 years. While prices here stood at Rs 5,360/sq.ft in 2019, they zoomed to Rs 11,000/sq.ft as of last month.
Similarly, Sohna Road, located in the south of Gurgaon, recorded average residential property prices of about Rs 6,000/sq.ft as of 2024. The report notes that Sohna is rapidly emerging as the preferred destination for homebuyers looking for affordable housing projects.
A previous ANAROCK report last month had highlighted that capital values in this area, i.e. potential returns on investments in properties on Sohna Road, had zoomed by 59% between 2021-end and 2024-end. In contrast, rental values only grew by 47% during the same period.
Delhi, Faridabad take a back seat
On the other hand, Delhi recorded a modest 38% increase in residential prices during this 5-year period-from Rs 18,200/sq.ft in Q12020 to Rs 25,200/sq.ft in Q12025. Notably, this is the lowest amongst all its NCR peer cities.
Even Faridabad saw property prices appreciating by just 50%, which is relatively lower compared to its other regional peers, such as Gurgaon and Greater Noida. In Faridabad, residential property prices inched up from Rs 3,200/sq. ft in Q12020 to Rs 4,800/sq. ft. as of Q12025.
Ghaziabad property prices saw an increment of 72% in the past 5 years, from Rs 3260/sq.ft in Q12020 to Rs 5,600 in Q12025.
Greater Noida in Delhi-NCR saw the maximum rise in property prices, with average residential prices increasing by a whopping 98% between 2020 and 2025. In the first quarter of 2020, property prices in the area stood at Rs 3,340 per sq. ft., which surged to Rs 6,600/ ft. in the first quarter of 2025, i.e. by the end of March this year.
Noida followed this region on its heels in terms of a rise in residential prices, with an average hike of 92% between 2020 and 2025. In the first quarter of 2020, average prices in the area were around Rs 4,795/sq.ft, which zoomed to Rs 9,200/sq.ft by the end of March 2025.
Notably, in Greater Noida West, also known as Noida Extension, property prices have appreciated by 24% in just the last year, reaching Rs 8,450 per sq.ft by the end of 2024.
This area includes sectors 1, 2, 3, 4, 10, 12, 16, 16B, 16C, as well as Tech Zone IV and Knowledge Park 5, as per the report.
While NCR, as a whole, witnessed over 30% year-on-year (YoY) growth in average property prices during 2024, Noida and Greater Noida outpaced NCR, with 34% and 33% YoY growth in average property prices.
According to Kirthi Chilukuri, Founder & Managing Director, Stonecraft Group, real estate investments in Noida are not simply to be seen as an asset but also as an avenue to long-term wealth creation.
“Emerging areas such as Noida and Sohna Road in Delhi NCR also exhibit strong potential, driven by excellent connectivity, infrastructural upgrades, and increasing interest from both end-users and investors. These locations are becoming hotbeds for appreciation due to planned developments, strategic positioning, and a strong influx of demand. Real estate in these areas is not just an asset but a gateway to future value creation,” he adds.
Gurgaon, Dwarka, new corridors for favorable real-estate investments
As the report highlights, the average property price in New Gurgaon as of 2024 was around Rs 10,350 per sq. ft. This marks a 76% hike since 2019 and a 34% increase since last year.
Overall, Gurgaon witnessed an 84% jump in property prices, from Rs 6,150/sq.ft in the first quarter of 2020 to Rs 11,300/sq.ft by the end of March 2025.
Residential prices along the Dwarka Expressway, which connects Delhi and Gurgaon, alongside establishing connectivity to prominent locations such as Dwarka, Golf Course Road, Golf Course Extension, and Old Gurgaon, saw over 2x price appreciation in the last 5 years. While prices here stood at Rs 5,360/sq.ft in 2019, they zoomed to Rs 11,000/sq.ft as of last month.
Similarly, Sohna Road, located in the south of Gurgaon, recorded average residential property prices of about Rs 6,000/sq.ft as of 2024. The report notes that Sohna is rapidly emerging as the preferred destination for homebuyers looking for affordable housing projects.
A previous ANAROCK report last month had highlighted that capital values in this area, i.e. potential returns on investments in properties on Sohna Road, had zoomed by 59% between 2021-end and 2024-end. In contrast, rental values only grew by 47% during the same period.
Delhi, Faridabad take a back seat
On the other hand, Delhi recorded a modest 38% increase in residential prices during this 5-year period-from Rs 18,200/sq.ft in Q12020 to Rs 25,200/sq.ft in Q12025. Notably, this is the lowest amongst all its NCR peer cities.
Even Faridabad saw property prices appreciating by just 50%, which is relatively lower compared to its other regional peers, such as Gurgaon and Greater Noida. In Faridabad, residential property prices inched up from Rs 3,200/sq. ft in Q12020 to Rs 4,800/sq. ft. as of Q12025.
Ghaziabad property prices saw an increment of 72% in the past 5 years, from Rs 3260/sq.ft in Q12020 to Rs 5,600 in Q12025.
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