Noida registers 125% housing price growth, tops the list; Gurugram follows

Average residential prices in Noida increased from Rs 4,795 per sq ft in 2019 to Rs 10,780 per sq ft in Q2 2026, marking a 125% rise, mentioned report.According to the report, Noida recorded the highest capital appreciation among the country's 11 major housing markets between 2019 and the second quarter (Q2) of 2026.Average residential prices in Noida increased from Rs 4,795 per sq ft in 2019 to Rs 10,780 per sq ft in Q2 2026, marking a 125% rise. During the same period, rental yields also improved from 3.2% to 3.9%.Gurugram was the second-best performer. Average prices rose from Rs 6,150 per sq ft to Rs 13,350 per sq ft, registering 117% growth, while rental yields increased from 3.5% to 4.3%.BENGALURU AND HYDERABAD SEE STRONG RENTAL GROWTHWhile the NCR cities led in price appreciation, Bengaluru and Hyderabad stood out for rental returns. In Bengaluru, average home prices climbed 90%, from Rs 4,975 per sq ft in 2019 to Rs 9,450 per sq ft in Q2 2026. Rental yields also improved from 3.6% to 4.6%, a gain of 100 basis points.Hyderabad posted similar results. Property prices rose 93%, from Rs 4,195 per sq ft to Rs 8,090 per sq ft, while rental yields increased from 2.6% to 3.6%, also gaining 100 basis points. The ANAROCK data shows that all 11 major housing markets recorded strong price appreciation between 2019 and Q2 2026, although the pace of growth varied across cities. Noida emerged as the top performer with a 125% rise in average residential prices, followed by Gurugram at 117%. Hyderabad and Bengaluru also posted impressive gains of 93% and 90%, respectively.Among the Mumbai Metropolitan Region (MMR) markets, Navi Mumbai recorded a 71% increase, while Mumbai and Thane saw prices rise by 64% and 63%, respectively. Pune registered 51% growth, while Delhi and Chennai each recorded a 47% increase. Kolkata saw the lowest appreciation among the cities analysed, with prices rising 45%.Overall, the data suggests that while the National Capital Region (NCR) led in capital appreciation, southern cities such as Bengaluru and Hyderabad also delivered robust returns, supported by strong housing demand.WHY ARE PRICES AND RENTS RISING TOGETHER?Property prices and rental yields generally move in opposite directions because rents often do not rise as quickly as home prices, said ANAROCK Chairman Anuj Puri. However, India's leading residential markets are now seeing a different trend, where both are increasing at the same time.He attributed this shift to better infrastructure, the expansion of employment hubs, the growth of Global Capability Centres (GCCs) and continued migration to large cities. Improved connectivity has also helped create new residential hotspots by making more locations attractive for homebuyers and tenants.WHAT DOES THIS MEAN FOR INVESTORS?The report indicates that residential real estate is increasingly offering investors two sources of returns. Along with strong capital appreciation, many cities are also delivering better rental income than they did a few years ago.This means investors are no longer relying only on rising property prices. Improved rental yields are adding to the overall returns, making residential housing a more attractive investment proposition in several major Indian cities.- EndsPublished By: Jasmine anandPublished On: Aug 4, 2026 16:02 IST