NCR rental yields have improved even as prices climbed, according to ANAROCK data — Noida’s average yield rose about 70 basis points to roughly 3.9%, while Gurugram gained around 80 basis points to about 4.3%.

The numbers

A rise in rental yield alongside strong capital appreciation is unusual: typically, when prices run hard, yields compress. The fact that both moved up together points to genuinely strong rental demand keeping pace with — or outrunning — price growth in these markets.

Why yields are rising

Robust job creation, a large working-age population and steady in-migration have kept rental demand firm across the NCR’s employment corridors. Improved connectivity and new social infrastructure have also expanded the pool of tenants willing to pay for well-located, amenity-rich homes.

What it means for investors

The combination of appreciation and improving income strengthens the total-return case for buy-to-let in these markets. Well-located, rentable configurations — such as 2, 3 and 4 BHK homes in Sector 150 along the Noida Expressway — are best positioned to capture both.

Where to look

Yields vary widely by project, configuration and tenant profile, so headline averages are only a starting point. Investors should assess local rental depth, vacancy risk and society-level maintenance costs, and remember that yields on ready homes differ meaningfully from those on under-construction stock.

Source: ANAROCK Research (2026). Summary for information only.