NCR real estate update: Over the previous five years, Greater Noida has had the most growth in home prices, rising 98%

By Bricksnwall | 2025-04-25

Over the past five years, home prices in the NCR real estate market have increased by 81%; in Greater Noida, prices have increased by 98%.

According to a survey by real estate consultancy Anarock, the average price of a property in the National Capital Region (NCR) increased by 81% from ₹4,580 per square foot in 2020 to ₹8,300 per square foot in Q1 2025.

The average property price in Greater Noida increased by 98% from ₹3,340 per square foot in 2020 to ₹6,600 per square foot in Q1 2025, the largest increase in the The research focusses on the National Capital Region (NCR) for the last five years. From ₹4,795 per square foot in 2020 to ₹9,200 per square foot in Q1 2025, the average price in Noida rose by 92%.

The highest average property prices in Q1 2025 were found in Delhi (₹25,200 per sq ft) and Gurgaon (₹11,300 per sq ft). According to the survey, typical real estate prices in Delhi and Gurgaon increased by 38% and 84%, respectively, over the previous five years.

NCR Real Estate – A Beacon of Growth and Opportunity is a report that highlights significant changes in the housing sector in the region between 2020 and 2025.

It emphasises how important structural reforms like RERA, the SWAMIH Fund, and PMAY (Urban) have been in reviving the real estate market in the National Capital Region.

Over a five-year period, the NCR saw a 51% decrease in unsold home inventories.

The poll found that there were 51% fewer unsold residences in the NCR.. By the end of Q1 2025, this number has dropped from over 1.73 lakh units at the end of Q1 2020 to roughly 84,500 units.

Noida showed the biggest decrease in unsold dwellings among NCR cities, going from about 18,148 units in Q1 2020 to just over 5,000 units in Q1 2025, a 72% decrease. Unsold stock dropped 58% in Ghaziabad and 56% in Greater Noida over the same time period.

Inventory overhang, or the amount of time required to sell the present unsold stock at the current sales rate, has decreased as a result of this inventory decline. According to the analysis, the overhang has significantly decreased from its peak of 88 months five years before to Q1 2025, reaching just 17 months.

Instead, the market has changed to promote opulent homes. Ultra-luxury homes (those costing more than ₹2.5 crores) accounted for 59% of new launches in 2024, up from 24% in 2023 and just 4% in 2020.

The NCR's growth corridors with considerable real estate activity are also highlighted in the report. Sohna, New Gurgaon, Dwarka Motorway, and Greater Noida West are a few of these.

Source: Hindustan Times