Greater Noida’s Remarkable Price Boom

The National Capital Region (NCR) has witnessed a dynamic transformation in its residential property market, but Greater Noida stands out as the top performer, recording a stunning 98% increase in average property prices over the past five years. This rapid growth highlights the city’s rising appeal among both end-users and investors, driven by expanding infrastructure, better connectivity, and growing employment opportunities.

As per the latest Anarock Property Report, the average rate in Greater Noida surged from ₹3,340 per sq. ft. in Q1 2020 to ₹6,600 per sq. ft. by Q1 2025—making it the fastest-appreciating real estate destination in NCR.

Noida, Gurugram, and Others Follow Behind

Noida secured the second position in NCR’s growth race, witnessing a 92% jump in residential values—from ₹4,795 per sq. ft. in early 2020 to ₹9,200 per sq. ft. by 2025. Gurugram, known for its premium segments, registered an 84% hike, reaching ₹11,300 per sq. ft. from its previous ₹6,150 average.

Overall, the NCR region demonstrated an impressive 81% rise in housing prices over five years, indicating strong post-pandemic recovery and sustainable buyer confidence.

Unsold Stock at Record Low

Once infamous for its excessive unsold inventory, the NCR market is now showing a significant turnaround. According to the report, unsold units dropped by 51%, declining from about 1,73,000 in Q1 2020 to nearly 84,500 units by early 2025.
City-level reductions are equally remarkable:

• Noida saw a massive 72% fall in unsold stock—from approx. 18,148 to 5,012 units.
• Ghaziabad recorded a 58% drop (from 27,142 to 11,393 units).
• Greater Noida witnessed a 56% decline, with unsold stock reducing from 42,906 to 19,066 units.

This data signals a healthy absorption rate, meaning properties are selling faster, and developers are aligning better with genuine market demand.

Surge in New Residential Supply

In 2024 alone, the NCR region saw the launch of 53,000 new residential units, a 44% increase compared to 2023. This rebound in supply signifies renewed developer confidence and strong housing demand across segments.

Interestingly, the market composition has shifted dramatically. Pre-COVID, affordable homes dominated new launches. However, the last three years have seen a major tilt towards premium, luxury, and ultra-luxury categories, showing evolving buyer aspirations across NCR’s urban clusters.

Rise of the Luxury Housing Segment

The ultra-luxury housing category (₹2.5 crore and above) has become the new growth engine. In 2024, nearly 59% of NCR’s new housing supply came from this segment—far higher than just 24% in 2023 and a mere 4% in 2020. Meanwhile, affordable housing (<₹40 lakh) saw its share slide to only 11% in 2024 compared to 41% in 2022 and 47% in 2019.

This shift reflects changing consumer sentiment—where lifestyle upgrades, location prestige, and long-term value appreciation matter more than entry-level pricing.

Why Greater Noida Is Surging Ahead

Several factors have propelled Greater Noida to the top of NCR’s real estate charts:

1. Infrastructure Expansion:
   The city’s strategic developments like the Yamuna Expressway, the upcoming Jewar International Airport, and metro connectivity have significantly boosted its real estate potential.
2. Improved Connectivity:
   Seamless links with Noida, Delhi, and the upcoming Film City project have turned Greater Noida into a hotbed for both affordable and luxury residential projects.
3. Balanced Development:
   With modern residential societies, educational institutions, and commercial hubs, Greater Noida now offers a well-rounded lifestyle environment.
4. Investment Value:
   Despite rapid price growth, property in Greater Noida remains more affordable than Noida or Gurugram, allowing for greater appreciation potential for investors.

Expert Views on the NCR Real Estate Transformation

Abhishek Trehan, Executive Director – Trehan Iris

“The 44% year-on-year growth in new housing supply across NCR in 2024 showcases the region’s solid demand base and rising buyer aspirations,” notes Trehan.
Over the past five years, property prices have grown steadily, marking NCR as a high-performance zone. He adds that the demand shift toward spacious, premium homes reflects post-pandemic buyer priorities emphasizing comfort, quality, and connectivity.

Trehan further explains, “With the reduction of over 50% in unsold inventory since 2019, the NCR real estate market shows clear signs of maturity and stability.”

Jitendra Goyal, Director – Sales, TrisolRED Group

“This data highlights the NCR’s maturity as a market driven by strong end-user demand rather than speculation,” says Goyal.
He emphasizes that 2024 was a turning point, with 59% of launches in luxury housing—a huge leap from past trends when budget housing ruled the supply chain. This growing appetite for high-end living opens up new opportunities for developers.

Greater Noida, Goyal adds, is becoming the prime zone for value-based luxury housing, offering superior infrastructure and design innovation without the hefty prices typical of Gurugram or South Delhi. Developers focusing on sustainability, smart layouts, and modern amenities can expect long-term growth.

Sher Singh Rathore, Founder – Bricx Infra

According to Rathore, the continuous appreciation in Greater Noida property prices reflects confidence among investors and end-users alike. The 56% drop in inventory signals robust absorption and a balanced demand-supply dynamic.

He further notes, “Greater Noida’s growth isn’t limited to residential spaces. Grade-A office developments, retail hubs, and co-working zones are gaining traction as infrastructure support improves.”
Enhanced expressways, extended metro routes, and institutional investments position Greater Noida as the next commercial destination in NCR’s long-term roadmap.

Changing Market Psychology

The psychological shift among homebuyers is another major factor shaping this trend. Buyers are no longer seeking just an address—they prefer a complete living experience that combines luxury, security, and accessibility.
Developers, in turn, are adapting through smart design, technology use, and sustainable construction to satisfy the discerning tastes of NCR’s new-age buyers.

The Road Ahead: Greater Noida’s Real Estate Outlook

Over the coming decade, Greater Noida is expected to retain its position as a leading real estate hotspot. The combination of Jewar Airport’s operational phase, expanding expressways, and economic corridors makes the city an attractive investment avenue.

Experts predict steady price appreciation, with major national builders setting up premium townships and mixed-use developments. Moreover, the region’s comparative affordability ensures that both investors and end-users can still find opportunity here before prices catch up with neighboring cities.

Final Thoughts

Greater Noida’s growth story is a powerful representation of what balanced infrastructure planning, investor confidence, and market readiness can achieve. From cutting its unsold units by half to witnessing nearly double the property values, the city has emerged as the new capital of growth within NCR’s property ecosystem.

With strategic government support, continuous urban development, and developer innovation, Greater Noida’s real estate trajectory is only expected to move upward—cementing its role as NCR’s most promising property hotspot.