Housing Price At Noida Expressway Jumps 66 Per Cent In 5 Yrs, Bengaluru's Gunjur Sees 69 Per Per Cent Rise: Report

New Delhi: Housing prices in Gunjur, Bengaluru's peripheral location, have risen 69 per cent in the last five years. On the other hand, Delhi-NCR's Noida Expressway witnessed 66 per cent appreciation, according to Anarock. Real estate consultant Ananrock's data show that average housing prices in Noida Expressway stood at Rs 8,400 per sq ft in the September 2024 quarter against Rs 5,075 per sq ft in 2019. Sohna, NCR's peripheral area, saw price growth of 43 per cent to Rs 5,900 per sq ft from Rs 4,120 per sq ft, while prime area New Gurugram witnessed a 59 per cent rise in the same period. Dwarka Expressway saw a significant 93 per cent jump in average housing prices to Rs 10,350 per sq ft from 5,359 per sq ft. The housing prices in Gunjur, the peripheral location in Bengaluru, have increased to Rs 8,500 per sq ft from Rs 5,030 per sq ft.

"The Noida-Greater Noida Expressway strikes the perfect balance between affordability and growth potential, drawing mid-segment buyers and investors alike," InvestoXpert.com Founder and Managing Director Vishal Raheja said and added that while average property prices in Noida have risen to Rs 1.05 crore, this region still offers competitive pricing compared to Gurugram or central Delhi. 

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"With enhanced connectivity through metro extensions, expressways, and the upcoming Jewar International Airport, the area is poised for further price appreciation of 10-15 per cent annually," Vishal Raheja noted.

Rising Real Estate Trends: Noida-Greater Noida Expressway, Bengaluru, and Dwarka Expressway Shine as Investment Hubs

Noida-Greater Noida Expressway has always been a prime residential destination. However, in the last few years, the region consolidated its position as one of NCR's most prominent luxury residential hubs. "This, in turn, led to a massive investment in the commercial segment, both office and retail spaces. One of the major factors is the Expressway's strategic location. Its proximity to Noida, Greater Noida and Yamuna Expressway, including the upcoming Noida Airport, has led to a massive interest in the region, resulting in a significant price hike," he said. 

Geetanjali Homestate founder Sunil Sisodiya said the Noida-Greater Noida Expressway has seen price appreciation because of infrastructure development and seamless connectivity. 

Noida Expressway, Bengaluru's Gunjur see significant housing price growth.

"Bengaluru's peripheral areas are becoming highly sought-after real estate destinations because of their improved connectivity, affordability, and expansive land parcels," founder and CEO of Property First, Bhavesh Kothari, said, commenting on the Bengaluru market.

These factors are driving developers to build premium residential projects in such areas, incorporated with luxury amenities and green spaces, he added. Bhavesh Kothari said the demand for such developments has witnessed a sharp price appreciation in Bengaluru’s upcoming real estate hubs, such as Gunjur and Devanahalli. Angad Bedi, CMD of BCD Group, said the residential property prices in Bengaluru's peripheries are rising substantially, surpassing those in prime locations. He added that this trend has become increasingly popular, especially since the pandemic. 

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Further, BPTP Senior Vice President for Sales Harinder Dhillon said that investing in Dwarka Expressway is no longer a speculative venture but a calculated move backed by consistent growth and infrastructure development.