NCR property prices soared 128% from 2021 to 2024

Real estate prices in India have risen sharply in recent years, especially in areas like Noida and Hyderabad. Between 2021 and 2024, properties in Noida's Sector 150 increased by a staggering 128%. In contrast, rental yields for similar properties rose only by 66% during this period. Hyderabad's Gachibowli also saw notable growth, with property values climbing 78%. The price per square foot in Gachibowli jumped from Rs 5,010 to Rs 8,900. Experts attribute this surge to the area's booming IT sector and favorable business conditions. Several other regions are experiencing significant property value increases. For instance, Sohna Road in Delhi NCR saw a 59% rise in property prices, while rental incomes increased by 47%. This trend is indicative of strong demand driven by better infrastructure and connectivity. In addition, HITECH City in Hyderabad recorded a 62% increase in property value, while rental yields grew by 54%. Areas in Mumbai, such as Chembur and Mulund, also reported notable gains, though rental increases were more modest. On the flip side, some markets, like Kolkata's EM Bypass, showed the slowest growth, with property values rising just 19%. This marks a significant difference compared to the booming markets in Pune, where rental yields have significantly outpaced property values. In Pune’s Hinjewadi, rental yields rose by 57%, despite property values increasing by only 37%. The demand in these areas is strong, supported by ongoing infrastructure projects that are expected to drive up both property values and rental prices. Overall, as the real estate market evolves, areas like Noida and Pune stand out for investment opportunities, particularly in rapidly appreciating properties.