Planning to Buy a Home in NCR? Property Prices Skyrocket Over 120% in THIS City, Investors Eye Further Returns

NCR Property Prices: Property prices across India are going up. Yet, people are still investing in homes and flats, especially in cities around Delhi. If you're planning to buy property in the National Capital Region (NCR), it’s important to know how much prices have increased in key areas like Noida and Gurugram.

Sharp Rise in Delhi NCR Property Prices

Over the last three years, NCR property prices have seen a sharp jump. In Sector-150 of Noida, average home prices have increased by an eye-popping 128%. In 2021, homes were priced around ₹5,700 per sq. ft. Now, they’ve crossed ₹13,000 per sq. ft.

Rents have also gone up, but not at the same speed. In this sector, rent has increased from ₹9,600 to ₹16,000 a month — around 66%.

Gurugram’s Sohna Road Sees Steady Growth

Meanwhile, Gurugram, especially areas like Sohna Road, is also seeing a steady rise. Property prices here have grown by 59%. In 2021, homes were selling at ₹6,600 per sq. ft. Now, they are priced at ₹10,500 per sq. ft.

Rentals have followed a similar path. From ₹25,000 per month in 2021, rent has climbed to around ₹47,700 — marking a 47% increase.

Why NCR Property Prices Are Climbing

Experts believe that the surge in NCR property prices, particularly in Noida and Gurugram, is due to rising demand from investors. According to Vaitland Corporation, more people are investing in luxury homes, expecting good returns in the future.

A report by real estate advisory firm Anarock found that across seven major Indian cities, property prices have grown faster than rental prices since 2021. This trend is strong in Bengaluru, MMR, Hyderabad, and NCR.

However, the opposite has been observed in Pune, Kolkata, and Chennai, where rents have risen faster than the cost of buying a home.

If you're eyeing Noida or Gurugram, be prepared for high costs. But many believe it's still a good time to invest — before NCR property prices climb even higher.