Financial Express-Infrastructure, investor sentiments propel NCR housing prices to record highs
The National Capital Region (NCR) has experienced a remarkable 137% increase in housing prices, driven by renewed investor confidence, positive homeownership sentiments, extensive infrastructure projects, and escalating land and construction costs. Notably, between 2019 and September 2024, areas such as Noida, Gurugram, Ghaziabad, and Greater Noida have seen their prices more than double, as reported by PropEquity.
Data from PropEquity indicates that Noida recorded the highest price increase at 152%, rising from Rs 5,910 per square foot to Rs 14,946 per square foot. Ghaziabad followed with a 139% increase (from Rs 3,691 per square foot to Rs 8,823 per square foot), while Gurugram experienced a 135% rise (from Rs 8,299 per square foot in 2019 to Rs 19,535 per square foot in 2024). Greater Noida saw a 121% increase, moving from Rs 3,900 per square foot to Rs 8,601 per square foot.
