Between 2019 and September 2024, NCR housing prices surged by 137%, driven by infrastructure expansion, rising construction costs, and strong market demand, with cities like Noida and Gurugram experiencing growth of up to 152%. While Gurugram led in supply and absorption growth, other cities saw declines in these metrics. Challenges like stalled projects persist, with over 160 delayed developments in Greater Noida and Gurugram. However, ongoing infrastructure projects, reduced unsold inventory, and government efforts to resolve crises are expected to bolster NCR's real estate growth, maintaining its appeal for investors and homebuyers.
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