The Greater Noida property price surge is making headlines as the city records the highest growth across the NCR region. According to recent reports, Greater Noida witnessed an impressive 98% property price increase over the past five years, outpacing other major hubs in the region.
The Greater Noida property price surge stands out as a major highlight in the latest NCR real estate update. With property values nearly doubling in five years, Greater Noida has become one of the most attractive investment destinations for homebuyers and real estate developers alike. Experts attribute this massive growth to improved infrastructure, new expressways, metro expansions, and an increasing demand for residential and commercial spaces. This strong performance puts Greater Noida firmly on the map as the top-performing market in the NCR.
According to a survey by real estate consultancy Anarock, the average price of a property in the National Capital Region (NCR) increased by 81% from ₹4,580 per square foot in 2020 to ₹8,300 per square foot in Q1 2025.
The average property price in Greater Noida increased by 98% from ₹3,340 per square foot in 2020 to ₹6,600 per square foot in Q1 2025, the largest increase in the National Capital Region (NCR) over the previous five years, according to the report. The average price in Noida increased by 92%, from ₹4,795 per square foot in 2020 to ₹9,200 per square foot in Q1 2025.
Amid the Greater Noida property price surge, Delhi and Gurgaon also showed strong real estate growth. Delhi recorded the highest average property price at ₹25,200 per sq ft, while Gurgaon followed with ₹11,300 per sq ft in Q1 2025. Over the last five years, Delhi’s property prices rose by 38%, and Gurgaon saw an impressive 84% increase, according to the report.
The report, titled NCR Real Estate – A Beacon of Growth and Opportunity, highlights the Greater Noida property price surge and other key developments in the region’s housing market from 2020 to 2025.
It emphasizes how important structural reforms like RERA, the SWAMIH Fund, and PMAY (Urban) have been in reviving the real estate market in the National Capital Region.
Greater Noida Property Price Surge: NCR Records 51% Drop in Unsold Housing Inventory Over 5 Years
According to the survey, the number of unsold homes in the NCR decreased by 51%. By the end of Q1 2025, this number has dropped from over 1.73 lakh units at the end of Q1 2020 to roughly 84,500 units.
Noida showed the biggest decrease in unsold dwellings among NCR cities, going from about 18,148 units in Q1 2020 to just over 5,000 units in Q1 2025, a 72% decrease. During the same time period, unsold stock fell 58% in Ghaziabad and 56% in Greater Noida.
The Greater Noida property price surge is also reflected in the overall health of the NCR real estate market. This decline in inventory has resulted in a significant drop in inventory overhang—the time needed to sell the current unsold stock at the ongoing sales rate. By Q1 2025, the inventory overhang had fallen to 17 months, a major improvement from the peak of 88 months five years ago, the report stated.
In 2024, the NCR’s housing supply increased 44% year over year.
Approximately 53,000 new dwelling units were introduced in the NCR in 2024, a 44% increase over 2023.
The Greater Noida property price surge reflects broader shifts in market dynamics. “Another notable change is in budget categories—in previous years, affordable housing (units priced below ₹40 lakh) dominated the supply pipeline. However, over the past three years post-COVID-19, the maximum supply share shifted to luxury and ultra-luxury housing,” the report said.
Rather, the market has shifted in favor of luxury residences. In 2024, 59% of new releases were ultra-luxury houses (priced over ₹2.5 crore), up from 24% in 2023 and only 4% in 2020.
