Priyanka
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Delhi-NCR has been experiencing a remarkable rise in property prices, particularly in key areas like Noida. A recent report by Anarock, a real estate consulting company, revealed that Noida’s Sector 150 has seen an average increase of 128% in property prices over the past three years. At the same time, rental rates in this sector have surged by 66%. This significant jump highlights the increasing demand for prime properties in the region.
Property Prices and Rent Increases Across Other Areas
The trend of rising property prices is not confined to Noida alone. The report also noted a sharp 59% rise in house prices on Sohna Road in Gurugram, with rents increasing by 47% in the same period. Anuj Puri, Chairman of Anarock, stated, "An analysis of major micro markets in the top 7 cities of the country shows that the average price of houses in major cities like Bengaluru, MMR, NCR, and Hyderabad has increased more than the rent between the end of 2021 and the end of 2024."
Average Rent and Price in Noida Sector 150
The average price per square foot in Noida Sector 150 more than doubled, from ₹5,700 in 2021 to ₹13,000 in 2024. Rental values in this area increased significantly, with rents rising from ₹16,000 per month to ₹26,600 per month—an increase of 66%.
Opposite Trend in Pune, Kolkata, and Chennai
Interestingly, the report also pointed out that cities like Pune, Kolkata, and Chennai have seen the opposite trend, where rents have increased more than property prices. This shows regional variations in the real estate market, which can be valuable for investors and renters alike.
