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- Anarock report reveals that property prices in Noida-Gurugram surged by 128% between 2021 and 2024.
- Rental income did not rise at the same pace, but investors saw massive gains.
- Real estate experts say – This trend is expected to continue in the coming years.
- Noida-Gurugram Real Estate Market Brings Huge Profits for Investors
Delhi NCR: The real estate market in Noida and Gurugram has provided exceptional returns to investors. According to the latest report by Anarock, property prices in these regions have increased by up to 128% between 2021 and 2024. However, rental rates have not witnessed the same level of growth.
Why Have Property Prices Risen in Noida-Gurugram?
If you had purchased a home in Noida or Gurugram in 2021, its value would have more than doubled by now. According to Anarock’s latest report, in the last four years, property prices in Noida’s premium areas have risen by up to 128%, while some areas in Gurugram have seen a 59% increase.
In Noida’s Sector 150, property prices have surged by 128%, but rental rates have increased by only 66%. On Sohna Road in Gurugram, property prices have risen by 59%, whereas rental income has grown by just 47%.
What Experts Say
According to real estate experts, several key factors have contributed to the rising property prices in these areas:
Improved Infrastructure & Connectivity – Expressways, metro expansion, and highways have boosted demand.
Expansion of Corporate Offices & IT Companies – Both Noida and Gurugram have become major business hubs.
Increasing Demand for Residential & Commercial Projects – The rising interest in high-end apartments and office spaces has pushed prices up.
Noida’s Premium Sectors See Tremendous Growth
Sanjay Sharma, Director of SKA Group, states that Noida’s premium sectors have seen a sharp rise in property prices due to excellent infrastructure and connectivity. Direct access to expressways, high-end apartments, and green spaces have made these areas the first choice for investors. Those who invested four years ago have already seen more than double returns on their property, and this growth is expected to accelerate further.
Demand for Commercial & Residential Projects in Gurugram
Saurabh Saharan, Group Managing Director of HCBS Developments, notes that property prices in Gurugram’s premium areas have steadily increased over the past four years. The primary reason is the growing demand for both commercial and residential projects. Many multinational companies and startups have set up offices in these locations, leading to a significant boom in the real estate market. This trend is likely to continue due to ongoing infrastructure development and connectivity improvements.
Prakash Mehta, Chairman and Managing Director, Ocus Group, says. Gurugram has consistently positioned itself as a high-growth real estate market, with capital values witnessing steady appreciation. The city’s strong corporate presence, rapid infrastructure expansion, and growing influx of professionals have fueled demand for both residential and commercial spaces. This sustained growth makes Gurugram an attractive destination for investors looking at long-term capital gains.”,
Expressways & Metro Drive Investment in Noida
Ajendra Singh, Vice President of Sales & Marketing at Spectrum Metro, highlights that Noida has attracted increased investor interest due to expressways, metro expansions, and other major infrastructure projects. Once affordable areas have now become premium property hotspots. New highways, metro links, and commercial centres in Sector-150, Sector-93, and Noida Extension have led to a major price surge. Additionally, government policies and increased FDI (Foreign Direct Investment) have further strengthened the market.
Harsh Gupta, CEO, of Sundream Group, said, Noida’s real estate market has seen remarkable momentum in recent years, driven by large-scale infrastructure projects, improved connectivity, and a thriving business ecosystem. The city’s development trajectory continues to strengthen investor confidence, as both capital values and rental demand remain on an upward trend. With increasing interest from homebuyers and investors alike, Noida remains one of the most promising real estate destinations in the NCR
Gurugram – Corporate Hubs & Luxury Projects Transform the Market
Amit Modi, Director of County Group, states that Noida and Gurugram’s real estate boom is fueled by high-end projects, luxury townships, and expanding corporate hubs. Locations such as Sector 115, Dwarka Expressway, Cyber City, and Golf Course Extension have witnessed continuous price appreciation. The rise of the IT sector and startup culture has sustained the demand for luxury residential and commercial properties. This growth is expected to continue, ensuring significant profits for investors.
Infrastructure Boom Will Drive Price Increase
VVIP Group’s VP- Sales & Marketing, Umesh Rathore, stated that investing in Noida and Greater Noida is still an excellent opportunity. With infrastructure development, expressways, and metro connectivity, property prices in these areas are expected to continue rising. Those who invest now are likely to earn significant profits in the future.
Rising Demand Offers Lucrative Returns for Investors
Manit Sethi, Director of Excentia Infra, highlighted that the demand for both residential and commercial properties in Noida and Gurugram is continuously increasing. Due to multinational companies, startups, and major business hubs, investors in these areas are experiencing impressive returns.
Investment in Expressways and New Sectors is Beneficial
Sanchit Bhutani, Managing Director of Group 108, mentioned that the development around Noida Expressway and FNG (Faridabad-Noida-Ghaziabad) has been rapid and highly positive. As a result, investors in these areas have seen substantial gains over the past 3-4 years. The impact of infrastructure growth and government policies is positively influencing property prices. This has not only led to higher rental income for commercial property investors but has also doubled property prices in the last four years. With the emergence of new and improved commercial hubs, the market is expected to grow even faster, as real estate has become one of the best investment options today.
Property Prices vs. Rental Growth in Other Major Cities
According to Anarock’s report, different trends have emerged across India’s key cities regarding property prices and rental growth.
Mumbai (Chembur & Mulund) – Property prices rose by 48% and 43%, but rentals increased by only 42% and 29%.
Hyderabad (HITEC City & Gachibowli) – Property prices surged by 62% and 78%, while rental growth was 54% and 62%, respectively.
Bengaluru (Thanisandra Main Road) – Property prices climbed 67%, while rentals increased 62%. On Sarjapur Road, rental growth was 76%, surpassing property price growth of 63%.
In contrast, in Pune, Kolkata, and Chennai, rental growth outpaced property price appreciation:
Pune (Hinjewadi) – Rentals rose 57%, while property prices increased only 37%.
Kolkata (EM Bypass) – Rental growth was 51%, but property prices rose only 19%.
Chennai (Pallavaram) – Rentals grew 44%, whereas property prices increased just 21%.
What This Means for Investors
India’s housing market is continuously evolving, making it essential to analyze whether buying a property is better than renting. According to Anarock’s latest data, between 2021 and 2024, property prices in key areas of the top 7 cities increased by an average of 128%, whereas rental growth lagged in many places.
Anuj Puri, Chairman of Anarock Group, states that in cities like Bengaluru, Mumbai Metropolitan Region (MMR), Delhi-NCR, and Hyderabad, property prices have outpaced rental growth. However, in Pune, Kolkata, and Chennai, the trend was reversed, with rentals rising more than property prices.
Experts believe that areas with ongoing infrastructure development present excellent opportunities for investors. Locations such as Noida Expressway, Gurugram’s Sector-82, Dwarka Expressway, and Sohna Road are expected to yield high returns in the coming years.
