The price conversations around NH-24 have become oddly matter-of-fact. Not long ago, brokers would frame the Ghaziabad stretch as a compromise, a place you landed in when Noida or East Delhi moved out of reach. Today, the same conversations carry a different undertone as the market has moved ahead, and this corridor has emerged as a prime locality.
Part of that shift is visible in the numbers, though they don’t tell the whole story. According to PropEquity, Ghaziabad saw roughly 139% price appreciation between 2019 and 2024, with an additional 8% year-on-year rise in Q1 2025. Inventory concentration is equally telling, accounting for a significant portion of NCR’s residential stock in the region.
And yet, pricing still lags just enough to keep the entry argument intact. In several pockets along NH-24, values remain 20-30% lower than comparable micro-markets in East Delhi or Central Noida, a gap that feels both intentional and temporary.
The widening of NH-24 itself has further enhanced the popularity of the corridor. The presence of the RRTS, nearness to metro lines and the proximity to Hindon Airport has begun to add to the region’s prestige.
“Ghaziabad is clearly moving out of its affordable-housing shadow and into a more aspirational residential phase and much of this development is happening along the Delhi–Meerut Expressway. A key advantage of this belt is that it offers a travel time of nearly 30 minutes to Delhi, which is significantly shorter than many locations in Noida or Gurgaon, and this connectivity, enabled by the 14-lane expressway, is directly translating into stronger housing demand. When we launched Gaur NYC Residences in Wave City, the buyer’s response was phenomenal, and the entire project was sold out within three days, which turned out to be a record-breaking feat. The region is exhibiting high demand for large-format 4BHK homes, exceeding 3,000 sq ft, with values higher than Rs. 3 crores depending on tower, view and stage of construction. Larger units of around 5,000 sq ft are commanding values of more than Rs. 6 crore. Much of the traction is coming from end-users upgrading locally, alongside buyers who earlier looked primarily at Noida, signalling a structural change. Improved connectivity, such as the Delhi Meerut Expressway and the Faridabad-Noida-Ghaziabad Expressway, along with proximity to the Metro network and Hindon Airport, has encouraged buyers to reassess both budgets and expectations.” said Manoj Gaur, CMD of Gaurs Group.
“What we are seeing is a buyer who is no longer choosing between affordability and lifestyle. They expect both, and NH-24 is one of the few corridors where that balance is still viable. It is further amplified in the typology of projects coming up. Integrated townships, gated communities, and clusters that attempt a certain self-sufficiency are now baseline. Projects like Jade County are fulfilling those expectations with integrated planning rather than isolated offerings,” said Amit Modi, Director, County Group.
Clubhouses, green buffers, and retail spines are no longer premium differentiators; they are expected. The surprise, if any, is that these are still being delivered at price points that would feel entry-level in other NCR hubs. From a developer’s lens, the corridor’s evolution is less about sudden transformation and more about cumulative layering.
Prateek Tiwari, Managing Director, Prateek Group said, “The current sentiment seen across the NH-24 corridor has turned it into a true lifestyle destination. Areas like Ghaziabad today reflect a growing preference for luxury living, driven by evolving aspirations and transformative infrastructure. The RRTS has been the defining catalyst, fundamentally reshaping how buyers perceive this corridor. Locations like Siddharth Vihar are now synonymous with premium living. The buyer here is informed and intentional, recognising that connectivity and infrastructural development together create an unmatched proposition. This paves the way for developers to curate projects that offer both lifestyle quality and long-term capital appreciation.”
There is also a quieter, almost incidental observation that surfaces when you speak to residents. Many of them, especially the early movers, shifted in the region due to its low price point and after years are witnessing a massively huge return. A similar story is being executed now. People who are buying properties along the corridor are doing it particularly for its value proposition. Because they know that over the years the yield on investment will be high, both in terms of rental value and in case they decide to sell the property.