The National Capital Region (NCR) offers an appealing blend of modern infrastructure and growing opportunities for homebuyers. From premium luxury housing to budget-friendly residential options, this area has something for every type of buyer. If you’re seeking affordable homes, areas like Greater Noida, Faridabad, and NH 24 are becoming increasingly popular choices for prospective buyers. Below, we explore five of the best locations to purchase a home in Delhi NCR for under 50 lakhs.
Top 5 Affordable Areas To Buy a House in Delhi NCR
1. NH-24
Often regarded as the backbone of Ghaziabad, NH-24 has been instrumental in the development of the areas along its stretch. Siddharth Vihar, located near NH-24, is emerging as a top investment destination for modern homebuyers seeking affordability.
The average property prices in housing societies along NH-24 stand at around Rs 3,700 per sq ft, reflecting a nearly 15% year-on-year increase. Over the last five years, areas surrounding NH-24 have witnessed an impressive 18% growth. With the upcoming metro extension in Indirapuram, this region is poised to become a key property investment hub in the near future.
2. Greater Noida West
Previously known as Noida Extension, Greater Noida West has quickly become a favorite spot for homebuyers looking for affordable residential properties in NCR. The metro extension connecting Noida and Greater Noida has accelerated this area’s growth.
With the resolution of land acquisition issues and the development of Jewar Airport, Greater Noida West’s prospects continue to brighten. The area offers a wide range of affordable housing projects, with notable developers like Gaurs and Mahagun leading the way. The steady pace of infrastructural improvements further enhances its appeal.
3. New Gurgaon
New Gurgaon is rapidly gaining traction as a top destination for both luxury and affordable housing. Its strategic location and connectivity to NH8 make it ideal for both investors and end-users. The upcoming Delhi-Mumbai Industrial Corridor (DMIC) is set to further drive growth in the area, positioning it as one of the most sought-after real estate markets in the next few years.
4. Raj Nagar Extension
Raj Nagar Extension in Ghaziabad has experienced remarkable growth over the past few years. For homebuyers seeking spacious and luxurious homes at affordable prices, this area offers an attractive option. With several affordable housing projects and enhanced connectivity, Raj Nagar Extension has become a favorite for modern homebuyers.
The six-lane Meerut Bypass offers easy access to major highways like NH 91 and NH 58, making the location even more desirable for those looking for convenience and value for money.
5. Faridabad
Once considered remote, several sectors in Faridabad have gained renewed interest from investors, thanks to the extension of the Delhi Metro’s violet line from Badarpur to Raja Nahar Singh station.
Nehar Par is one of the rapidly developing areas in Faridabad, where property prices hover around Rs 4,100 per sq ft. The improved connectivity and affordable rates have turned Faridabad into a promising destination for homebuyers in the Delhi NCR region.