On the back of renewed investor confidence, strong homeownership sentiment, large-scale infrastructure development and rising cost of land and construction, the National Capital Region (NCR) has seen an increase of 137% in housing prices with Noida, Gurugram, Ghaziabad and Greater Noida witnessing prices double between September 2019 and 2024, according to a report by PropEquity. According to a data released by NSE-listed firm PropEquity, between 2019 and September 2024, Noida saw the highest rise at 152% (from ₹ 5910 per sq. ft.
to ₹ 14,946 per sq. ft.) followed by Ghaziabad at 139% (from ₹ 3691 per sq.
ft. to ₹ 8823 per sq. ft.
), Gurugram at 135% (from ₹ 8299 per sq. ft. in 2019 to ₹ 19,535 per sq.
ft. in 2024) and Greater Noida at 121% from ₹ 3900 per sq. ft.
to ₹ 8601 per sq. ft.).
Also Read: Why real estate developers are launching a flurry of ₹ 5 crore-plus luxury apartments in Noida “The NCR is witnessing an infrastructural metamorphosis never seen in decades with developments like Noida International Airport, Dwarka Expressway, Delhi-Meerut expressway, Rapid raid, metro expansion among others providing the much-needed fillip to all segments of real estate. The pandemic further gravitated investors’ money and homebuyers’ sentiments towards real estate<" said Samir Jasuja, founder and CEO, PropEquity. Also Read: Post Donald Trump’s win, India to become largest real estate hub for Trump Towers with massive expansion Additionally, the emergence o.
