The growing buyer aspirations, strong infrastructure growth, and investor confidence have made India’s luxury real estate market the talk of the town. In NCR, factors like strong homeownership sentiment and rising land and construction costs have increased the cost of new residential projects by 137%, as per a recent report by PropEquity. Particularly, Ghaziabad stood out with a 139% price appreciation between 2019 and September 2024, alongside a 14% rise in new housing supply.
Ghaziabad’s growth is influenced by elements like connectivity and infrastructure development. Developments such as the Delhi-Meerut Expressway, Eastern Peripheral Expressway, and the upcoming FNG Expressway significantly reduce travel time and facilitate intercity transit. Together, these developments position Ghaziabad as a future-ready, connected city that draws in convenience-seeking homebuyers and investors searching for growth corridors.
Sanjay Sharma, Director, SKA Group, says, “Ghaziabad leads the luxury housing growth in NCR. Its excellent connectivity, well-planned infrastructure, and value-for-money options have offered homebuyers property options that fit their lifestyle goals. The city’s property prices increased from Rs 3,691 per sq. ft. in 2019 to Rs 8,823 per sq. ft. in 2024, attracting people seeking a luxurious lifestyle. This price increase indicates how the region’s market is booming. As developers, we feel this blend of development with an upsurge in luxury projects, Ghaziabad will continue being a strong contender.”
Moreover, micro-markets like Raj Nagar Extension, Siddharth Vihar, Indirapuram, and Wave City are seeing an influx of premium launches, plotted developments, and expansive integrated townships. High demand, prime locations, and the growing desire for contemporary living areas are drawing developers to this area. Besides, the areas are supported by civic improvements, and changing lifestyle infrastructure that have become the new urban frontiers that are accelerating Ghaziabad’s real estate boom.
What Else?
Prateek Tiwari, Managing Director, Prateek Group, says, “The current real estate market of Ghaziabad reveals that buyers seek high-end and lifestyle-oriented homes. This evolution is being shaped by improved infrastructure, strategic connectivity, and the growing desire for integrated living environments. Micro-markets like Siddharth Vihar are turning into aspirational addresses. Hence, we’re responding to this shift by developing projects that not only meet but anticipate the expectations of the modern, value-driven homeowner.”
Yash Miglani, Managing Director, Migsun Group, says, “For investors, Ghaziabad offers that rare sweet spot with low entry cost, high appreciation potential, and rapidly improving infrastructure. Property prices here are still realistic, but the kind of ROI we’ve seen, especially post the Delhi–Meerut Expressway, is phenomenal. The city attracts new-age buyers who prioritize the quality of life. We believe that this is a market that’s expanding beyond traditional boundaries, carving its own identity.”
Hence, this innovative approach is making Ghaziabad a complete urban hub where infrastructure, innovation, and the environment all combine to offer a modern resident a well-rounded and aspirational quality of life.
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