Noida has become hot destination for real estate investment, prices increased by 128 percent in 3 years!
Noida in Delhi NCR has now become a major hot destination for real estate investment. Especially, Sector 150 of Noida has seen an unprecedented increase in residential property prices in the last three years. According to a recent report by Anarock, house prices in this area have increased by an average of 128 percent, while rents have also increased by 66 percent. This boom represents a great opportunity for investors in Noida’s real estate market, who are taking advantage of the city’s development and changes in real estate.
Exceptional increase in prices from 2021 to 2024
According to Anuj Puri, Chairman of Anarock, there has been a significant increase in the average prices of homes in major cities like Bengaluru, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Hyderabad from the end of 2021 to the end of 2024. These cities have seen a higher increase in property prices than rents, while cities like Pune, Kolkata and Chennai have seen the opposite trend, where rents have increased more, but property prices have increased relatively less.
Talking about Sector 150 of Noida, the price of houses here was Rs 5,700 per square foot in 2021, which has now increased to Rs 13,000 per square foot. Apart from this, rents have also increased by 66 percent, from Rs 16,000 to Rs 26,600 per month. This increase is a symbol of increasing investment and stable growth rate in the real estate market of Noida, which is providing attractive opportunities for investors.
Real estate growth in Gurugram too
Apart from Noida, Gurugram has also seen a sharp increase in the real estate market. Notably, residential property prices on Sohna Marg have risen by 59 percent, while rents have increased by 47 percent. The average price on Sohna Marg was Rs 6,600 per sq ft at the end of 2021, which is projected to reach Rs 10,500 per sq ft by the end of 2024.
Sudeep Bhatt, director, of Whiteland Corporation, says that in markets like Gurugram, there can be a significant disparity between the increase in property prices and the increase in rents. He believes that this disparity is due to investor confidence and the huge returns from investing in luxury properties, which are growing much faster than the income from rentals.
An attractive opportunity for investors
Noida’s growing real estate market offers great opportunities for investors. With the exponential growth in property prices and stable increase in rentals, investors can not only benefit from the appreciation in their property prices but also ensure rental income. Moreover, Noida’s strong infrastructure, transportation facilities and upcoming development plans make real estate investment even more attractive.
Note
The Noida real estate market has now become a major investment hub. A 128 percent increase in property prices and a 66 percent increase in rentals in the last three years makes it clear that investing in Noida can be a smart and profitable decision. Investors here expect good returns in the future and the region is emerging as a strong and stable real estate market.
