Noida, Greater Noida, and Gurgaon fuel an 81% jump in NCR property prices. Anarock’s report also highlights the shift to ultra-luxury housing across the region.

Major Growth Corridors Identified Across NCR

Residential property prices in the Delhi-NCR region have risen by an impressive 81% over the past five years, as per a new report from real estate consultancy Anarock. Among the key growth hotspots were Sohna, New Gurgaon, Dwarka Expressway, and Greater Noida West.

Noida and Greater Noida Lead the Price Surge

The report, titled NCR Real Estate – A Beacon of Growth and Opportunity, observed that Greater Noida saw the sharpest increase, with prices nearly doubling—rising from ₹3,340 per sqft in Q1 2020 to ₹6,600 per sqft in Q1 2025.

Noida closely followed, registering a 92% hike in average property rates to ₹9,200 per sqft. Meanwhile, Gurgaon posted an 84% rise to ₹11,300 per sqft. Delhi continued to command the highest average property prices in NCR at ₹25,200 per sqft, although its growth was comparatively modest at 38%.

Significant Drop in Unsold Inventory

Despite the sharp price escalation, NCR's unsold housing inventory witnessed a 51% decline over the same period. According to the report, the stock of unsold units shrank from approximately 1.73 lakh in early 2020 to around 84,500 units by Q1 2025.

Noida recorded the most substantial drop in unsold inventory, with a 72% reduction, followed by Ghaziabad (58%) and Greater Noida (56%).

Market Transformation Driven by Reforms

Santhosh Kumar, Vice-Chairman of Anarock Group, noted that the NCR real estate market has undergone a "remarkable transformation" over the past few years.

He attributed this shift largely to structural reforms such as the introduction of RERA, the SWAMIH Fund initiative, and the PMAY (Urban) scheme.

The report further highlighted that strong sales momentum, combined with fresh project launches, helped bring down the inventory overhang—from 88 months in 2020 to just 17 months in 2025.

Rising Shift Towards Luxury Housing

Anarock’s findings also pointed to a notable change in housing preferences. Affordable housing (priced below ₹40 lakh), which previously dominated new supply, has seen its share shrink dramatically.

In contrast, ultra-luxury housing (priced above ₹2.5 crore) surged to represent 59% of all new project launches in 2024, up from a mere 4% in 2020. Meanwhile, the share of affordable housing fell to just 11%.

Disclaimer: This article is based on publicly available information and the report released by Anarock. While every effort has been made to ensure accuracy, readers are advised to independently verify details before making any real estate investment decisions. Ghar.tv and its team are not responsible for any discrepancies, investment decisions, or financial outcomes based on this information.