Prices of new housing projects in NCR up over 2-fold since 2019-end: Report

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Prices of new housing projects in NCR up over 2-fold since 2019-end: Report - Business Standard

Quick Summary:

The weighted average price of new residential projects launched in Gurugram, Noida, Greater Noida and Ghaziabad have more than doubled in the last five years, according to PropEquity.

In a statement on Friday, real estate data analytic firm PropEquity said that "between 2019 and September 2024, Noida saw the highest rise at 152 per cent to Rs 14,946 per sq ft from Rs 5,910 per sq ft.

Gurugram has seen 135 per cent increase in weighted average price of new projects to Rs 19,535 per sq ft in September 2024 from Rs 8,299 per sq ft in 2019.