Housing prices in Bengaluru’s Gunjur have soared by 69% over the past five years, while properties along Noida Expressway in Delhi-NCR have appreciated by 66%, according to real estate consultancy Anarock.
Anarock’s data revealed that average housing prices in Noida Expressway rose to ₹8,400 per sq ft in the September 2024 quarter, compared to ₹5,075 per sq ft in 2019. Sohna, another peripheral area in NCR, recorded a 43% price increase to ₹5,900 per sq ft, while prime New Gurugram saw a 59% rise during the same period.
Dwarka Expressway experienced the highest growth, with prices surging 93% to ₹10,350 per sq ft from ₹5,359 per sq ft. Similarly, in Bengaluru’s Gunjur, housing prices climbed from ₹5,030 per sq ft to ₹8,500 per sq ft.
Drivers of growth in Noida Expressway
Vishal Raheja, Founder and MD of InvestoXpert.com, highlighted the Noida-Greater Noida Expressway’s appeal for its balance between affordability and growth potential, attracting both mid-segment buyers and investors.
He noted that while property prices in Noida now average ₹1.05 crore, the area remains competitively priced compared to Gurugram and central Delhi. Enhanced connectivity via metro extensions, expressways, and the upcoming Jewar International Airport is expected to drive annual price appreciation of 10-15%.
Salil Kumar, Director of Marketing at CRC Group, emphasised the region’s evolution into a luxury residential hub, which has also boosted investments in commercial spaces such as offices and retail. Strategic connectivity to Noida, Greater Noida, Yamuna Expressway, and Noida Airport has been pivotal to its growth.
Sunil Sisodiya, Founder of Geetanjali Homestate, attributed the price surge to infrastructure improvements and seamless connectivity.
Bengaluru’s growing peripheral markets
In Bengaluru, peripheral areas like Gunjur and Devanahalli are becoming prime real estate destinations. Bhavesh Kothari, Founder & CEO of Property First, cited enhanced connectivity, affordability, and expansive land availability as key factors. Developers are increasingly launching premium projects in these areas, featuring luxury amenities and green spaces, further driving demand.
Angad Bedi, CMD of BCD Group, noted that residential prices in Bengaluru’s outskirts are rising faster than in prime locations, a trend that gained momentum post-pandemic.
Dwarka Expressway as a prime investment hub
Harinder Dhillon, Senior Vice President of Sales at BPTP, remarked that investing in Dwarka Expressway is no longer speculative. Instead, it is now seen as a calculated decision backed by consistent growth and infrastructure advancements.
The combination of improved connectivity and strategic development is fueling significant price appreciation in both Bengaluru and Delhi-NCR’s peripheral areas, cementing their positions as emerging real estate hubs.
