Property Prices Outpace Rentals in NCR, Sohna Road & Noida Sector-150 Lead

New Delhi, March 18, 2025: Property prices in key NCR micro-markets have surged significantly over the past three years, outpacing rental growth in many areas. According to ANAROCK data, Noida’s Sector-150 recorded an extraordinary 128 per cent rise in capital values between 2021-end and 2024-end, while rental values for a standard 1,000 sq. ft. 2BHK unit increased by 66 per cent in the same period. Sohna Road in Gurgaon saw capital appreciation of 59 per cent, with rental values rising by 47 per cent.

Among India’s top seven cities, NCR, Hyderabad, and MMR saw higher capital value growth compared to rental values. In contrast, key markets in Pune, Kolkata, and Chennai experienced stronger rental value appreciation than capital value growth.

The divergence between capital and rental value growth in NCR highlights emerging investment patterns. Buyers looking for long-term gains find greater appreciation in Noida’s newer sectors, while tenants still benefit from relatively moderate rental growth in established localities.

While Noida’s Sector-150 led the capital appreciation chart, rental growth remained relatively subdued. Similarly, Sohna Road’s rental increase of 47 per cent was modest compared to its 59 per cent capital value rise.

Director of GLS Group, Surinder Singh said, “Gurgaon continues to solidify its position as a top real estate destination, driven by robust infrastructure, seamless connectivity, and high demand for premium housing. With rapid urbanization and upcoming developments, the city offers immense investment potential for homebuyers and investors alike. The steady appreciation in property values and the growing appeal of integrated townships highlight Gurgaon’s transformation into a modern, self-sustained urban hub.”

Anuj Puri, Chairman of ANAROCK Group, said, “Capital values in many NCR markets have seen significant growth over the past three years, making them attractive for investors focusing on long-term appreciation. However, rental yields in some micro-markets are yet to catch up with the capital surge, suggesting a shifting balance in demand and supply.”