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Market Update

Noida, Gurugram lead as migrants drive Tier-1 real estate boom: Magicbricks Report

Real estate boom
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Moving to Tier-1 cities like Mumbai, Bengaluru, Delhi, Hyderabad, Gurugram, and Noida can be a pivotal financial decision, offering up to 1.95 times (30-60% more) salary growth compared to Tier-2 cities, according to Magicbricks’ inaugural “Pata Badlo, Life Badlo” report. The report is a comprehensive study revealing the significant impact of migration on real estate ecosystem – demand, supply, pricing.

The report highlights that strategic real estate investments in these cities have delivered remarkable returns—with markets like Noida from ₹6,300/sq.ft in 2020 to ₹13,300/sq.ft in 2025 (+111%), Greater Noida from ₹4,400/sq.ft to ₹9,029/sq.ft (+105%), and Gurugram from ₹8,600/sq.ft to ₹15,996/sq.ft (+86%) showing significant property price surges from 2020 to 2025.

The report further underscores the rise of migrants as investors, not just renters. With rental yields and capital appreciation rising in tandem—especially in hotspots like Mumbai (RPGD: 3.6) and Greater Noida (RPGD: 2.3)—many migrants are choosing to invest early in their urban journey, turning mobility into a means of multiplying wealth.

Marriage is a significant driver of female migration in India, accounting for 86.8% of moves, while students frequently relocate for education, with 61% moving to Delhi NCR for undergraduate studies and 18% for exam preparation. Beyond these social factors, environmental and economic push factors like agricultural distress, climate shocks, and rural job scarcity, especially in states like Bihar and Uttar Pradesh, compel families to seek financial stability and better infrastructure in urban centers. While 18.9% of people move from rural to urban areas and 15.9% migrate within urban areas for affordability or job proximity, an emerging trend sees 10.2% of migrants shifting from urban to rural regions. This reverse migration is driven by rising housing costs, urban stress, and increased remote work opportunities, leading professionals to seek affordability, cleaner environments, and stronger community ties in smaller towns, redefining success beyond traditional urban ambition.

“The ‘Pata Badlo. Life Badlo.’ campaign stems from a very real insight: that the right move, to the right city or neighbourhood, can completely alter someone’s growth trajectory,” said Prasun Kumar, Chief Marketing Officer, Magicbricks. “Furthermore, this report illustrates how migration reshapes India’s real estate. This influx drives robust market activity, with property rates in Noida jumping 95.6%, Greater Noida 88.1%, and Gurgaon 77.7% between 2021-2022. Mumbai also led consistent growth, reaching ₹30,796/sq ft by 2025—a 58% increase from 2020. Even after the pandemic, cities like Delhi saw a remarkable 47.2% rebound in demand by 2022, and Bengaluru followed with an 18.8% increase. Migration is a powerful catalyst for value appreciation and dynamic market activity across urban India.”

The report also draws on real-life journeys of well-known personalities who have experienced transformational growth by changing cities. From Pankaj Tripathi’s move from Bihar to Mumbai to Deepinder Goyal’s leap from Punjab to Gurugram, and Kapil Sharma’s shift from Amritsar to Mumbai — these stories echo a shared truth: where you live can define what you become.

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