The New High-End Zone: Ghaziabad’s Emerges as Luxury Real Estate Hotspot

Ghaziabad, February 20, 2025: Over the years, Delhi-NCR has seen a growing appetite for premium living spaces. The region has seen an upsurge in demand, with key micro-markets like Gurugram and Noida dominating the luxury real estate market. Amidst this growth, Ghaziabad is emerging as a new hotspot for luxury real estate. Once primarily known for mid-income housing, the city is now witnessing a shift towards high-rise, high-end residences fuelled by improved connectivity, enhanced infrastructure, and competitive pricing compared to Delhi and Noida.

According to Prop Equity, NCR has seen an increase of 137 per cent in housing prices of new residential projects. In Noida, Gurugram, Ghaziabad, and Greater Noida, prices have almost doubled between September 2019 and 2024. Noida saw the highest rise at 152 per cent (from INR 5910 per sq. ft. to INR 14,946 per sq. ft.) followed by Ghaziabad at 139 per cent (from INR 3,691 per sq. ft. to INR 8,823 per sq. ft.), Gurugram at 135 per cent (from INR 8,299 per sq. ft. in 2019 to INR 19,535 per sq. ft. in 2024) and Greater Noida at 121 per cent from INR 3,900 per sq. ft. to INR 8,601 per sq. ft.).

Gaurav Gupta, General Secretary, CREDAI NCR says, “The luxury real estate segment in Ghaziabad has witnessed significant traction over the past few years. With improving infrastructure, metro expansions, and growing commercial hubs, the demand for high-end homes is on the rise. Buyers are no longer looking for just spacious homes; they seek a blend of opulence, security, and smart living. Developers are responding to this shift with premium offerings. As urbanization continues, we anticipate Ghaziabad being a major player in the luxury segment, drawing both end-users and investors.”

Ghaziabad benefits from its proximity to Delhi, Noida, and Greater Noida, making it an attractive choice for homebuyers seeking luxury living at a relatively affordable price. Areas like Indirapuram, Siddharth Vihar, Vaishali, and Raj Nagar Extension are evolving into premium residential zones, drawing interest from high-net-worth individuals and professionals working in Delhi-NCR’s commercial hubs.

Prateek Tiwari, MD, Prateek Group, says, “Luxury living in Ghaziabad is no longer a concept but a reality. With an evolving buyer mindset, premium projects are designed with global aesthetics, high-end finishes, and state-of-the-art amenities. Further, the city’s infrastructure push and strategic positioning make it a preferred destination for high-net-worth individuals. At Prateek, we focus on creating iconic developments that blend style with comfort, offering world-class features. Our latest project caters to discerning buyers who seek exclusivity and modern elegance, reinforcing Ghaziabad’s position in the luxury housing market.”

Sanjay Sharma, Director, SKA Group, says, “Today’s luxury homebuyers prioritize sustainability and technology. Aligning with this picture, Ghaziabad’s property prices rising from INR 3,691 per sq. ft. in 2019 to INR 8,823 per sq. ft. in 2024, making it an attractive destination for those seeking a luxurious lifestyle. Besides, the city’s luxury housing landscape is evolving with a focus on eco-friendly designs, energy-efficient buildings, and smart home automation. At SKA, we focus on integrating green initiatives and cutting-edge technology to enhance comfort while reducing the carbon footprint and offer our buyers the best of both. Hence, we foresee Ghaziabad as a future-ready city for upscale living, driven by smart developments and environment-conscious designs.”

Moreover, rapid urban development has significantly enhanced Ghaziabad’s real estate appeal, with key infrastructure projects fuelling luxury housing demand. Metro connectivity has improved accessibility, linking the city to key NCR hubs. Expressways and highways, such as the NH-24, have drastically reduced travel time between Delhi and Ghaziabad, while NH-9 and NH-58 further strengthen intercity connectivity. Additionally, the RRTS corridor between Delhi-Ghaziabad-Meerut is set to enhance intra-city travel, further solidifying Ghaziabad’s position as a real estate hub.

Yash Miglani, Managing Director Migsun Group, says, “Ghaziabad presents a lucrative opportunity for luxury homebuyers and investors. The city’s affordability compared to Delhi and Noida, coupled with its rapid infrastructure growth, makes it an attractive investment option. Luxury real estate here offers high appreciation potential, given the influx of commercial developments and metro connectivity. As investors and homebuyers are increasingly recognizing the city’s potential as a high-end real estate destination, we focus on delivering premium residences with top-notch amenities, ensuring long-term value.”

Thus, for homebuyers and investors, this is the ideal time to enter Ghaziabad’s luxury housing market. Competitive pricing compared to Delhi and Noida, coupled with high appreciation potential and a growing demand for premium properties, makes it lucrative for investment. As luxury real estate continues to gain momentum, Ghaziabad is set to redefine upscale urban living in NCR.