From a Trickle to a Flood

The scale of this shift is significant. According to ANAROCK Research data, national developers accounted for just 3% of new residential supply in NCR in 2022 — fewer than 700 units out of roughly 25,355 launched that year. By 2025, their share had quadrupled to over 13%, with approximately 8,100 units out of roughly 61,775 launched across the region coming from national players. Between 2022 and the first quarter of 2026, these developers collectively launched over 15,130 units across 30 residential projects in Delhi-NCR.

Santhosh Kumar, Vice Chairman of ANAROCK Group, puts it plainly: “Their participation reflects this market’s increasing institutionalisation, as well as homebuyers’ growing preference for trusted brands with strong execution capabilities.”

That word — execution — matters enormously to NCR homebuyers, many of whom have lived through the region’s well-documented history of delayed projects, stalled construction, and builder insolvencies. The arrival of national developers with listed entities, audited accounts, and reputations to protect across multiple cities is a meaningful signal.

Who Is Building Where

Among the national players, Godrej Properties has established the most dominant footprint by a considerable margin. It accounts for over 47% of total units launched by national developers in NCR between 2022 and Q1 2026, and has spread its presence across Gurugram, Noida, and Greater Noida — targeting both premium and upper-mid-range buyers. Prestige Estates follows with a 27% share, with its NCR supply concentrated in Ghaziabad. Sobha holds a 10% share, active in Gurugram and Greater Noida. Shapoorji Pallonji, Birla Estates, Adani Realty, Tata Housing, and Mahindra Lifespaces have entered with smaller unit counts but have focused on high-value, carefully positioned projects — mostly in Gurugram.

Gurugram accounts for 47% of the total new supply by national players in NCR, making it the most preferred destination by a wide margin. Ghaziabad follows with 27%, Noida with 13%, and Greater Noida with 12%. Gurugram’s continued appeal among national developers is driven by strong corporate demand, premium infrastructure, proximity to the international airport, and the sustained expansion of employment hubs along its corridors.

What Kind of Homes Are Being Built

Here is something every homebuyer in NCR needs to understand clearly: national developers entering this market are not targeting the affordable or mid-segment buyer. Almost all projects launched by these players feature large 3, 4, and 5 BHK configurations. The average size of a 3 BHK in these projects is around 1,830 square feet, a 4 BHK averages approximately 2,600 square feet, and a 5 BHK stretches to around 4,465 square feet. Pricing falls firmly in the premium, luxury, and ultra-luxury categories.

As Santhosh Kumar of ANAROCK notes, “The limited supply of smaller configurations suggests that most national developers are targeting affluent, lifestyle-oriented homebuyers.” This means that if you are looking for a 1 BHK or a compact 2 BHK in a national developer’s NCR project, you are unlikely to find one. The product on offer is large, well-appointed, and priced accordingly.

For buyers in this segment, however, what national developers bring is genuinely valuable — better design standards, larger amenity packages, sustainable construction practices, stronger governance, and most importantly, a track record of delivery that can be verified across multiple cities and projects.

Why NCR, Why Now

The timing of this influx is not accidental. Several forces converged after the pandemic to make NCR a more attractive market for developers who had previously stayed close to their home cities.

The first is consolidation. The years following the RERA implementation and the IL&FS crisis thinned out the developer landscape significantly. Smaller, weaker regional players exited or were absorbed, leaving market share available for organised developers with stronger balance sheets. National developers, many of them listed entities with access to institutional capital, were best positioned to step into that gap.

The second is infrastructure. A series of transformative projects — the Dwarka Expressway, the Noida International Airport at Jewar, the Delhi-Mumbai Expressway, the Regional Rapid Transit System (RRTS), and multiple metro line expansions — have been reshaping connectivity and unlocking entirely new residential corridors with long-term appreciation potential. Developers who can see five to ten years ahead are recognising that these infrastructure corridors will do for NCR what the Western and Eastern Express Highways did for Mumbai’s suburbs.

The third is buyer behaviour. Post-COVID, the shift toward larger homes, better amenities, and greater trust in the developer’s ability to actually deliver has accelerated sharply. Buyers who once stretched their budgets to buy from a regional developer are now willing to pay a premium for a national brand — because the premium increasingly comes with a delivery guarantee that the regional developer could not always offer.

What Happens to Regional Developers

NCR’s regional developers — many of whom built this market over decades — are not disappearing. As Kumar points out, they retain critical advantages: deep market knowledge, long-standing relationships with landowners, historic land banks assembled at far lower cost, and established customer networks built over generations. In their established micro-markets, they remain formidable.

But the competitive pressure is real. The entry of national players has raised the bar on product quality, transparency, and customer experience. Buyers now have a genuine choice between the local developer they have known for years and a national brand with a verifiable track record. That competition, ultimately, benefits the buyer — as regional developers are now under greater pressure to improve their execution capabilities and governance standards.

What This Means If You Are Buying Now

For a homebuyer actively looking in NCR today, the shift is largely positive — but it requires calibrated thinking. If you are in the premium segment and can afford the larger configurations on offer, national developers’ projects represent a combination of product quality and delivery credibility that was harder to find in NCR a few years ago. Gurugram’s Southern Peripheral Road, Dwarka Expressway, and Golf Course Extension Road corridors, as well as Noida’s Sector 150 and Greater Noida West, are all seeing activity from these players.

If your budget sits in the mid or affordable range, the national developer wave has a more indirect benefit — the competitive pressure it places on regional and local developers to improve quality, comply with RERA timelines, and price more transparently.

Either way, NCR’s housing market in 2026 is a structurally different animal from what it was in 2022. More organised, more brand-driven, and more accountable — even if it is also more expensive in the segments where the transformation is most visible.

Also Read: Alibaug emerges as a celebrated investment destination

The post National Builders Are Betting Big on NCR — Here’s What It Means for Homebuyers appeared first on Square Feat India.

The Supreme Court, in its detailed 77-page judgment delivered on 5th May 2026 in the case of Alpha Corp Development Private Limited vs. Greater Noida Industrial Development Authority (GNIDA), overturned the National Company Law Appellate Tribunal’s (NCLAT) order and strongly criticised GNIDA for its “persistent inaction and ineptitude” in monitoring the projects and recovering its dues.

Key Highlights of the Judgment

• Corporate Veil Lifted: The Court held that the three subsidiary companies (ETIPL, Neo Multimedia Ltd, and Nishtha Software Pvt Ltd) were mere fronts of Earth Infrastructures Limited (EIL). Development rights over the GNIDA-leased lands could validly be part of EIL’s insolvency resolution process.
• Penal Dues Waived: GNIDA has been barred from charging penal interest, time-extension penalties, or other punitive charges. It can recover only the principal dues, which it must recalculate and intimate to Alpha and Roma within two weeks.
• Buyers Fully Protected: Both successful resolution applicants — Alpha Corp and Roma Unicon — have committed to bearing GNIDA’s principal dues themselves. Homebuyers and allottees will not be burdened with any additional payments.
• Payment Schedule: The successful resolution applicants will clear GNIDA’s recalculated dues in 24 equated monthly instalments starting 7th July 2026, without any interest during this period.
• Project Restart: Construction work on the projects is to commence as per the approved resolution plans from 1st June 2026.
• Earth Copia (Gurugram): The Supreme Court clarified that the Gurugram project on freehold land was never under dispute and Alpha’s resolution plan for it stands fully restored.

The Court noted that GNIDA had failed to monitor the projects despite clear obligations under the lease deeds, issued sporadic notices, and even attempted to cancel allotments in violation of the Supreme Court’s status quo order.

Victory for Homebuyers

Representatives of homebuyer associations — Earth Towne Flat Buyers Welfare Association, UTOPIA (Earth TechOne), and Sapphire Patrons Independent Common Association — welcomed the verdict. Thousands of families who had invested their life savings and waited for nearly a decade will now get legal possession and registry of their units as sub-lessees.

The judgment aligns with the Uttar Pradesh government’s policy on stalled real estate projects and reinforces the principle that homebuyers’ interests must be protected in insolvency cases.

Senior Advocate representing the homebuyers’ associations said, “This is a historic win for homebuyers. After years of agony, justice has finally been delivered by the Supreme Court.”

With this order, the Supreme Court has once again sent a strong message that stalled real estate projects must be completed and innocent homebuyers cannot be made to suffer due to delays and lapses by authorities or developers.

Also Read: Here’s Why the Supreme Court Initiated a CBI Probe into DLF’s The Primus Project

The post Supreme Court Brings Massive Relief to Thousands of Greater Noida Homebuyers: Stalled Earth Projects to Resume Soon appeared first on Square Feat India.

The report, based on insights from over 20 million users on the Magicbricks platform, indicates that Noida, Gurugram, and Greater Noida experienced the highest residential price increases during this period. Noida saw prices soar by 16.9% QoQ, Gurugram by 15.5%, and Greater Noida by 15.1%.

As a result, the average price per square foot in Noida reached INR 11,625, up from INR 9,945 in the previous quarter. In Gurugram, average property rates climbed to INR 14,650 per square foot, while Greater Noida’s average rose to INR 7,752 per square foot.

Abhishek Bhadra, Head of Research at Magicbricks, commented on the findings: “The residential real estate market is witnessing strong interest for both primary homeownership and investment. Demand is increasing at its highest pace in the past two years, particularly in satellite cities surrounding major urban centers like Delhi and Mumbai. There appears to be a fear of missing out (FOMO) among investors, which is driving market activity. However, as more supply enters the market, residential prices are expected to continue rising in the short term, though at a more moderate pace.”

The report also highlighted a growing interest in under-construction (UC) properties, leading to a capital appreciation of 11% QoQ across the tracked cities. Notable growth was observed in Thane (19.5% QoQ), Gurugram (17.3%), and Noida (14.5%).

Additionally, the demand for 3BHK units remains dominant, accounting for over 50% of total demand in most cities. However, in Chennai, Navi Mumbai, and Thane, 2BHK units continue to be the preferred choice among buyers.

As the residential market evolves, these trends reflect both the rising interest in property investment and the shifting preferences of homebuyers across India.

Also Read: NAREDCO Maharashtra to Host Real Estate Expo in Mumbai

The post Residential Demand Rises 12.3% QoQ with 8.3% Capital Appreciation appeared first on Square Feat India.

Year-on-Year Price Trends

The report details the following trends:

• 2019: Apartment prices ranged between Rs 2,800 and 3,000 per square foot, and land prices were between Rs 1,200 and 1,300 per square foot.
• 2020: Despite the COVID-19 pandemic, apartment prices rose slightly to Rs 3,200 – 3,300 per square foot, while land prices remained stable at Rs 1,250 – 1,300 per square foot.
• 2021: The real estate market began gaining traction with apartment prices increasing to Rs 3,400 – 3,600 per square foot. Land prices also saw a rise to Rs 2,000 – 2,200 per square foot.
• 2022: Improved infrastructure and rising demand pushed apartment prices up to Rs 3,600 – 3,800 per square foot. Land prices nearly doubled, reaching Rs 3,400 – 3,600 per square foot.
• 2023: The market saw a significant jump with apartment prices reaching Rs 4,900 – 5,100 per square foot and land prices climbing to Rs 5,900 – 6,100 per square foot. This increase was driven by major developments such as the upcoming Jewar Airport and expansion of the Noida International Airport.
• 2024: Apartment prices have now reached Rs 7,900 – 8,100 per square foot, and land prices are between Rs 6,900 and 7,100 per square foot.

Overall Growth

The report indicates a 170% increase in apartment prices and a 450% rise in land prices over the past five years. Builder floor prices have also seen a notable rise of 35.6% over the last year and 43.5% over the past three years.

Expert Commentary

Sunil Sisodiya, Founder of Geetanjali Homestate, attributed the price surge to the strategic location of the Yamuna Expressway, enhanced connectivity from upcoming infrastructure projects, and increased demand for residential and commercial spaces. He emphasized that the region’s appeal, combined with ongoing developments, makes it a valuable investment opportunity.

Market Outlook

The report highlights the Yamuna Expressway’s growing importance in the Delhi-NCR real estate market. As infrastructure projects advance and the area continues to develop, it is expected to remain a key focus for both residential and commercial property investors.

Also Read: Delhi-NCR Real Estate Market Sees Record-Breaking Sales in 2024

The post Property Prices Surge Significantly Along Yamuna Expressway appeared first on Square Feat India.

In a troubling development for the Indian real estate market, over 1,600 housing projects have been stalled across the country, leaving more than 5 lakh families in limbo. This crisis has impacted a staggering 511,814 housing units, highlighting a significant issue in the sector.

Breakdown of Stalled Projects Across Major Cities

Tier I Cities:

• Greater Noida: 74,645 units
• Gurugram: 158 projects, 52,509 units
• Noida: 103 projects, 41,438 units
• Ghaziabad: 50 projects, 15,278 units
• Faridabad: 16 projects, 7,060 units
• New Delhi: 1 project, 900 units
• Mumbai: 234 projects, 37,883 units
• Navi Mumbai: 125 projects, 28,466 units
• Thane: 186 projects, 57,520 units
• Pune: 172 projects, 24,129 units
• Bengaluru: 225 projects, 39,908 units
• Kolkata: 82 projects, 24,174 units
• Chennai: 92 projects, 21,867 units
• Hyderabad: 25 projects, 6,169 units

Total for Tier I Cities:

• Projects: 1,573
• Units: 468,035

Tier II Cities:

• Bhiwadi: 13,393 units
• Lucknow: 13,024 units
• Jaipur: 9,862 units
• Bhopal: 7,500 units

Total for Tier II Cities:

• Projects: 109
• Units: 43,779

Grand Total Nationwide:

• Projects: 1,682
• Units: 511,814

The data, sourced from PropEquity, underscores the urgent need for intervention to address the stalled projects and help restore progress in the housing sector.

Also Read: MHADA to Host Webinar on August 19th to Guide Applicants for Mumbai Housing Lottery

The post Housing Crisis in India: Over 1,600 Projects Stalled Affecting 5 Lakh Families appeared first on Square Feat India.

By Santosh Kumar

The foundation-laying ceremony of the Jewar International Airport by the Prime Minister heralds significant future economic activity in and around the airport. With an estimated cost of INR 34,000 Cr, the airport, once completed, will ease traffic at the IGI Airport, create a massive number of jobs for the local population, and give a major impetus to the property market in Noida, Greater Noida, and Yamuna Expressway.

These regions were previously speculator havens and needed significant impetus to attract end-user demand. For an area to become end-user-centric and liveable, an infrastructure project like the Jewar Airport can help kick-start more real estate developments, including housing, commercial, retail, and hospitality projects.

Interestingly, after the pandemic, the relatively affordable markets of Noida and Greater Noida had begun to see some demand uptick. Focus on Noida and Greater Noida increased manifold in the residential and commercial real estate segments. The airport will help push this demand even further.

Plotted Developments To Gain Momentum

The height restrictions for developments near airports and the newly-evolved homebuyer preferences post COVID-19 may combine to push up the viability of plotted developments around the Jewar Airport. In recent times, plots and independent homes have gained a lot of popularity in Delhi-NCR.

To illustrate – residential plots around the airport selling at INR 22,000 per sq. yard a year have seen prices increase to INR 30,000-32,000 per sq. yard by now, depending on the exact juxtaposition of the plot vis-à-vis the upcoming airport.

A Major Boost for the Region

If the construction progresses as per the schedule and Phase 1 completes by the second half of 2024, there will be significant ‘real’ benefits. Already, over the last year, commercial activity – particularly warehousing – saw increased momentum in and around the airport – also factoring in other mega projects in the vicinity, including the Film City.

Already, there is an uptick in office leasing in Noida. Various private institutions are now scouting for land in and around the airport. The Greater Noida Authority has boosted investments into the region by attracting big companies with various incentives.

While the future for real estate around Jewar Airport certainly looks bright, investors, end-users, and developers must continue to tread with caution. The arrival of a second international airport in NCR will have a positive impact on the real estate market in and around the region and the state of UP. However, investment gains expectations must be more realistic than speculative.

Over the short-to-mid-term, the area in and around the airport will undoubtedly witness significant development activity by players who hold suitable land banks there. Many players have been hoping to cash in on this mega project since it was announced several years ago and bought up large land parcels in the vicinity.

For these far-sighted developers, the time to come forward and weigh the best options is finally at hand. However, they will need to consider that the nearby areas, including Noida, Greater Noida, and Yamuna Expressway already have a lot of residential projects available.

As per ANAROCK data, the total available housing stock in Noida, Greater Noida, and Yamuna Expressway collectively stands at nearly 54,450 units (as on Q3 2021). This is 33% of the total stock in the entire NCR. Interestingly, back in 2019, the total available stock in the three areas was approx. 67,830 units. With demand rising in these cities after the pandemic, housing inventory declined by nearly 20% in this period.

Notable Future Trends

Once operational, the Jewar Airport will be a major game-changer for Noida and Greater Noida, and also the hitherto obscure property markets in the nearby hinterlands. Some of the most significant trends to watch for in the long-term include:

End-user Demand: Despite being more affordable than markets like Gurgaon and Delhi, Greater Noida and areas along Yamuna Expressway had been unable to position themselves as solid end-user markets due to lacklustre infrastructure facilities. The new airport will induce a massive infrastructure boost and make these areas more liveable and active. This will attract increasing interest from end-users in this region.

Greater Noida & Yamuna Expressway – New Affordable Options for First-time Homebuyers: With increased connectivity and several infrastructure upgrades on the anvil, these two regions will see significant real estate development in the times to come. These regions are more affordable than Gurgaon or Delhi, where prices are largely unaffordable for many. First-time budget-conscious homebuyers will have viable alternatives in these areas.

Commercial RE Uptick: The new airport will increase demand for housing, as well as commercial real estate like office and retail spaces. More and more office spaces will come up in this region as rentals there will be relatively lower than in Gurugram.

Moreover, COVID-19 came as a boon for the Noida office market, as demand for Grade A office space in the city was much higher than in Gurugram. To rein in costs during the pandemic, several corporates, start-ups, and other businesses saw Noida as a better alternative in 2020. Now, the upcoming Jewar international airport gives Noida an additional advantage.

As per ANAROCK research, the avg. monthly rentals for Grade A office spaces in Noida are anywhere between INR 50 – 80 per sq. ft. In Gurugram’s prime areas, they range between INR 85 –125 per sq. ft.  

Steady Future Capital Appreciation: Both Greater Noida and Yamuna Expressway historically aw high investor activity. While the areas always looked promising for end-users, their liveability quotient was a challenge. Many housing projects along the Expressway thus remained unoccupied and were tagged as ‘ghost towns.’ With the new airport drawing more end-users, the region will finally see steady capital appreciation based on actual demand, not speculation.

Tourism Boost in Mathura and Agra: The new airport will significantly boost tourism in Mathura and Agra. These cities are already well-connected with the national capital via the Yamuna Expressway, and the airport will massively increase tourist footfalls. This, in turn, will help these cities’ overall real estate markets in the times to come. The airport will also act as a catalyst for Western UP’s real estate market.

With the Jewar Airport finally set to take off, we can reasonably expect significant activity to commence over the next 2-4 years.

Santhosh Kumar, is the Vice Chairman – ANAROCK Group, opinions expressed in the above article are that of the author.

Also Read: Listed Developers Are Selling more Homes

The post Jewar AirPort will give a major impetus to the property market in Noida, Greater Noida, and Yamuna Expressway appeared first on Square Feat India.