India's real estate market has seen tremendous growth in the last few years. There has been a significant increase in the prices of residential properties, especially in areas like Bengaluru and Delhi-NCR. According to an Anarock report, prices of residential properties in Gunjur, a peripheral area of Bengaluru, have increased by 69% in the last five years. Prices here have increased from ₹5,030 per square foot to ₹8,500 per square foot.
On Delhi-NCR's Dwarka Expressway, the increase has been even more impressive. Prices increased from ₹5,359 per sq ft in 2019 to ₹10,350 per sq ft in 2024, an increase of 93%. Similarly, prices of residential properties on the Noida-Greater Noida Expressway have increased by 66% to ₹8,400 per square foot.
Experts believe that infrastructure development in these areas, such as metro expansion, Jewar International Airport, and better connectivity of expressways, are the major reasons. These projects have not only attracted real estate investors but have also increased the interest of middle and luxury category buyers.
Noida prices have now reached an average of ₹1.05 crore. However, the region offers more affordable and attractive options compared to major locations like Delhi and Gurugram.
Areas like Gunjur and Devanahalli are becoming ideal for real estate developers and buyers due to huge land parcels, better connectivity, and affordable housing. After the pandemic, demand for outdoor areas has increased as people look for greener and less crowded places.
Experts estimate that prices of residential properties on the Noida-Greater Noida Expressway may increase by 10-15% annually. The peripheral areas of Bengaluru are also attracting investors for luxury and premium residential projects.
Infrastructure development, better connectivity, and strategic locations play a major role behind the boom in the real estate market. Rising prices in hubs like Delhi-NCR and Bengaluru show that India's real estate market remains a strong platform for investment and growth.
