Business Standard-Noida leads NCR's price surge: Real estate rates are up 152% in 5 years
The real estate market in the National Capital Region (NCR) has witnessed a significant price surge over the past five years. According to a recent report by PropEquity, the weighted average price of new residential projects in Gurugram, Noida, Greater Noida, and Ghaziabad has more than doubled.
- Noida has seen the largest increase, with prices rising by 152%, from Rs 5,910 per sq ft in 2019 to Rs 14,946 per sq ft in September 2024.
- Ghaziabad's prices rose by 139%, from Rs 3,691 per sq ft to Rs 8,823 per sq ft.
- Gurugram saw a 135% increase, with prices rising from Rs 8,299 per sq ft in 2019 to Rs 19,535 per sq ft in 2024.
- Greater Noida saw a 121% increase, from Rs 3,900 per sq ft to Rs 8,601 per sq ft.
