Unveiling the New Real Estate Hotspots: Why Noida Expressway and Bengaluru’s Gunjur Are Top Choices for Investors in 2024

The real estate market in India is witnessing a transformative shift, with Noida Expressway and Bengaluru’s Gunjur standing out as the emerging hotspots for property investment in 2024. These locations have garnered significant attention due to a staggering rise in property prices and the evolving demands of modern homebuyers.

A Tale of Two Rising Stars

Over the past five years, Noida Expressway has evolved from a strategic connector to one of the most lucrative real estate destinations in the National Capital Region (NCR). According to a report by ANAROCK Research, property prices along this vital corridor have surged by an astonishing 66%, climbing from ₹5,075 per square foot in 2019 to ₹8,400 per square foot in the third quarter of 2024.

Similarly, the suburban charm of Gunjur, a fast-developing locality in Bengaluru, has become a magnet for investors. Residential property prices here have skyrocketed by 69% during the same period, jumping from ₹5,030 per square foot in 2019 to ₹8,500 per square foot in 2024.

These numbers are not anomalies; other regions like Delhi-NCR’s Sohna and Devanahalli in Bengaluru have also recorded significant growth. Sohna has seen a 43% price increase, while Devanahalli experienced a remarkable 49% surge.

The Growth Catalysts

What makes these locations so desirable?

• Enhanced Connectivity: Expanding metro networks and expressway extensions have drastically improved accessibility. For instance, the Noida-Greater Noida Expressway connects residential hubs to commercial zones seamlessly, while Bengaluru’s new roadways link its peripheral areas like Gunjur to the city’s IT corridors.
• Infrastructure Development: The rise of IT parks, commercial hubs, and modern amenities have transformed these areas into self-sustaining urban ecosystems.
• Affordability Meets Luxury: The shift towards spacious homes and green living has made these areas ideal for buyers seeking affordability without compromising on quality. Developers are launching high-end projects featuring luxury amenities, further adding to their allure.

Expert Perspectives

Real estate veterans are optimistic about the future of these emerging hotspots.

• Santhosh Kumar, Vice Chairman of ANAROCK Group, highlights how peripheral areas are outperforming prime locations due to their strategic growth and affordability.
• Salil Kumar, Director at CRC Group, emphasizes the evolution of the Noida-Greater Noida Expressway as a preferred destination for luxury living in the NCR.
• Bhavesh Kothari, CEO of Property First, underscores the appeal of Bengaluru’s peripheral regions like Gunjur, where affordability meets the availability of larger land parcels.

Future Outlook

The trend of investing in peripheral areas is expected to grow stronger. As these locations continue to evolve, they promise a blend of comfort, connectivity, and convenience that resonates with modern buyers. Whether it’s Noida Expressway’s luxury lifestyle offerings or Gunjur’s green spaces and affordability, these regions represent the future of Indian real estate.