Indirapuram Records Highest Number of Registered Residential Transactions from FY21 to FY25 in Ghaziabad; Property Prices Rise 73%: Square Yards

The property prices have recorded a healthy growth in past few years in Indirapuram. The average residential prices in Indirapuram rose by 73% between FY 2021 and FY 2025, sharply outpacing the city-wide growth rate of 38% over the same period.

Ghaziabad, Uttar Pradesh, 05th August 2025 – Indirapuram has recorded the highest number of cumulative registered residential transactions in Ghaziabad between FY 2021 and FY 2025, according to data from online property portal squareyards.com. The locality outperformed other prominent areas in the city, including Vaishali, Rajnagar Extension, Pratap Vihar, Shahpur Bamheta, and Loni during the same period.

Square Yards reported that transaction volumes in Indirapuram range between approximately 3,500–4,000 units annually, which is nearly three times the pre-pandemic average. The highest transaction volume in the locality was recorded in FY 2023, reaching 4,900 units.

Ravi Nirwal, Sales Director & Principal Partner, Square Yards said, “What we’re seeing in Ghaziabad is a textbook case of how infrastructure can reshape residential real estate dynamics. The Delhi–Meerut Expressway and RRTS nearing full operational status have significantly boosted buyer confidence. Indirapuram, in particular, offers that rare mix of accessibility, affordability, and lifestyle amenities, something that buyers are actively seeking post-pandemic. Developers have taken note, and are coming up with projects that match evolving preferences. The growing demand have pushed the property prices which have seen a robust 73% growth between FY 2021 and FY 2025, significantly outpacing the city-wide average of 38% during the same period. We believe the area will continue to witness steady growth in terms of both demand and price appreciation over the next few years. It’s fast becoming the sweet spot of Ghaziabad.”

The report highlighted a substantial increase in property prices in Indirapuram, with residential rates rising by 73% between FY 2021 and FY 2025. This growth rate significantly surpassed the city-wide average of 38% over the same period. In FY 2025 alone, prices in Indirapuram rose by 19%, compared to a 9% increase across the broader Ghaziabad market.

Residential Apartment Average Property Price Trend (Rs./sq.ft.)

Ghaziabad Vs Indirapuram

Name FY 2021 (Rs./sq.ft.) FY 2024 (Rs./sq.ft.) FY 2025 (Rs./sq.ft.) % change (FY 21 vs FY 25) % YoY Change (FY 24 vs FY 25)
Indirapuram 4,400–5,400 6,650–7,650 8,100–9,000 73% 19%
Ghaziabad 4,900–5,900 6,400–7,400 7,100–8,050 38% 9%

Note: Average property rates are as per data trends observed on squareyards.com and may differ due to location, proximity to airport, and property-specific factors. FY refers to India’s financial year, April–March (e.g., FY25 = Apr 2024–Mar 2025).

Source: Square Yards

Top Developers in Indirapuram

Basis Number of Registered Residential Transactions in FY 2025

Rank Developer Name Major Projects
1 Jaipuria Group Sunrise Greens
2 Shipra Group Shipra Suncity
3 Saya Group Saya Gold Avenue
4 ATS ATS Advantage
5 Supertech Supertech Icon

Note: Includes primary and secondary residential registered transactions. FY refers to India’s financial year, April–March (e.g., FY25 = Apr 2024–Mar 2025).

Source: IGR, Square Yards

Upcoming key infrastructure projects, such as Delhi–Ghaziabad–Meerut Regional Rapid Transit System (RRTS), which is nearing its full operation, is expected to further enhance connectivity between Ghaziabad and major commercial hubs in Delhi and surrounding regions. Such developments will further underpin the growth in demand and future appreciation in property values in Indirapuram over the medium to long term.

Mr. Vikas Bhasin, MD of Saya Group, said Indirapuram is no longer a fringe market—it is now a central player in NCR’s real estate growth story, offering a compelling proposition for discerning homebuyers and investors alike. This micro-market—is now witnessing a robust revival, driven by a combination of improved infrastructure, enhanced connectivity, and strategic geographic positioning.

In recent years, significant investments by government in roads, metro connectivity, and civic amenities have transformed Indirapuram from a suburban stretch into a high-demand urban neighbourhood. Its proximity to both central Delhi and the commercial hubs of Noida has made it an ideal location for both homebuyers and investors seeking value in a market otherwise experiencing saturation.

While Gurugram and Noida are grappling with a sharp escalation in launch prices and an oversupply of inventory, Ghaziabad is emerging as a smart alternative—offering affordability, quality lifestyle, and long-term growth prospects. This shift is increasingly evident in the rising demand from end-users who are priced out of prime Noida sectors or prefer better access to East Delhi.

With well-developed social infrastructure—including top-tier schools, hospitals, malls, and entertainment centers—Indirapuram offers residents a self-sustained ecosystem without compromising on convenience or connectivity. The locality is also supported by a vibrant retail and business environment, which further fuels the demand for both residential and commercial real estate.

This momentum is reflected in the market prices as well. Average property rates in Indirapuram have crossed ₹13,000–₹15,000 per sq. ft., indicating strong buyer sentiment and confidence in future appreciation. With limited new launches, steady absorption, and infrastructure-led development, the area is expected to see continued upward price movement in the near to mid-term.

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