Over the last decade, Delhi-NCR’s real estate market has witnessed some remarkable growth, with certain areas experiencing home price appreciation that far exceeds the overall market trends. Areas such as Dwarka Expressway, Greater Noida, and Golf Course Extension have seen their property values surge significantly, owing to improved infrastructure, connectivity, and an influx of new developments.
According to ANAROCK Research, some of these areas have seen property prices grow by over 200% in the last ten years. This surge is a result of better infrastructure, faster connectivity, and the rise in demand for homes in these locations. In this article, we delve into the five areas in Delhi-NCR that have seen the highest price increases between 2015 and 2025.
Top 5 Delhi-NCR Areas with the Most Significant Property Price Growth
1. Greater Noida West: 225% Price Surge
Greater Noida West has experienced the most significant price appreciation over the past decade. The price per square foot has risen by a staggering 225%, from ₹2,750 in 2015 to ₹8,950 in Q1 2025. This increase can be attributed to extensive infrastructure development, including improved connectivity and the establishment of new residential and commercial projects, which have attracted both investors and homebuyers.
2. New Gurgaon: 215% Price Increase
New Gurgaon is another location that has witnessed impressive price growth. Property prices here have risen by 215%, from ₹3,700 per square foot in 2015 to nearly ₹11,670 per square foot in Q1 2025. The area’s development as a commercial and residential hub, combined with better road infrastructure and proximity to important business districts, has contributed to its price boom.
3. Dwarka Expressway: 160% Price Growth
The Dwarka Expressway, which connects Delhi and Gurgaon, has become one of the most sought-after residential destinations in Delhi-NCR. From 2015 to 2025, property prices in the area have grown by 160%, from ₹4,730 per square foot to ₹12,300 per square foot. This rise is primarily driven by improved connectivity and a robust supply of residential and commercial projects along the expressway.
4. Sohna: 88% Price Growth
Sohna, located on the southern edge of Gurgaon, has also experienced a strong price increase of 88%, from ₹3,600 per square foot in 2015 to ₹6,780 in Q1 2025. The development of the Delhi-Mumbai Industrial Corridor (DMIC) and the expansion of road networks have made Sohna a prominent location for both residential and commercial development.
5. Golf Course Extension: 108% Price Appreciation
Golf Course Extension Road in Gurgaon, known for its luxurious residential developments, has seen a price increase of 108%, from ₹6,500 per square foot in 2015 to ₹13,500 per square foot in Q1 2025. The area’s upscale projects, along with enhanced connectivity to key business hubs like Cyber City, have driven the demand and subsequent price growth.
Summary of Price Growth in Delhi-NCR’s Real Estate
| Area | Price Increase | Price in 2015 (₹/sq ft) | Price in 2025 (₹/sq ft) |
|---|---|---|---|
| Greater Noida West | 225% | ₹2,750 | ₹8,950 |
| New Gurgaon | 215% | ₹3,700 | ₹11,670 |
| Dwarka Expressway | 160% | ₹4,730 | ₹12,300 |
| Sohna | 88% | ₹3,600 | ₹6,780 |
| Golf Course Extension | 108% | ₹6,500 | ₹13,500 |
Expert Insights
Santhosh Kumar, Vice Chairman of ANAROCK Group, explained that the primary drivers of these price hikes are infrastructure developments, improved connectivity, and a surge in homebuyer demand. “The reason for the price rise is largely because of various infrastructure developments and improved connectivity in these areas, which inevitably boosted homebuyer demand over the years,” Kumar said. “Moreover, these were the top areas with maximum new supply in the last several years.”
Frequently Asked Questions (FAQs)
1. Which area in Delhi-NCR saw the highest price increase in the last decade?
- Greater Noida West saw the highest price appreciation of 225%, from ₹2,750 per square foot in 2015 to ₹8,950 per square foot in 2025.
2. How much did property prices rise in New Gurgaon from 2015 to 2025?
- Property prices in New Gurgaon increased by 215%, from ₹3,700 per square foot in 2015 to ₹11,670 per square foot in 2025.
3. What factors contributed to the rise in property prices in Dwarka Expressway?
- Improved connectivity, infrastructure development, and a robust supply of residential and commercial projects contributed to the 160% price growth on Dwarka Expressway.
4. How much did prices increase in Sohna over the past decade?
- Sohna experienced an 88% price growth, with prices rising from ₹3,600 per square foot in 2015 to ₹6,780 in 2025.
5. Why is Golf Course Extension seeing a rise in property prices?
- Golf Course Extension has witnessed a rise in demand due to its upscale projects and its proximity to key business hubs like Cyber City, leading to a 108% price increase.