Ghaziabad
Modi Nagar presents a well-rounded real estate landscape characterized by consistent transaction activity and a healthy mix of ready-to-move and under-construction inventory. Apartment prices have seen a growth of 2.49%, positioning them as the primary choice for local housing demand. The rental market is equally dynamic, offering diverse unit types that cater to both families and professionals. With significant registration volume recorded over the past year, the area continues to attract steady buyer interest.
As of Sep 2026, the average asking price in Modi Nagar stands at ₹8,050 per sq ft. This figure reflects a depreciation of 3.04% compared to the previous period, indicating a recent market correction in this residential micromarket.
Property prices in Modi Nagar have shown a fluctuating trend, moving from ₹8,300 per sq ft in Mar 2026 to ₹8,050 per sq ft in Jun 2026, and reaching ₹8,250 per sq ft as of Sep 2026. This trajectory suggests a resilient recovery following the dip observed in the second quarter of the year.
Property prices vary significantly across the region, with Meerut Road commanding the highest average asking price at ₹8,800 per sq ft, which has remained stable. In contrast, Modi Nagar sits at ₹7,450 per sq ft, reflecting a depreciation of 5.8% compared to the previous period, while more affordable options like Duhai are available at ₹4,650 per sq ft, also showing stable pricing.
As of Sep 2026, apartments in Modi Nagar are priced at an average of ₹8,250 per sq ft, having appreciated by 2.49% compared to the previous period. Conversely, villas are priced at ₹4,050 per sq ft, which represents a significant depreciation of 13.38% over the same timeframe.
As of Sep 2026, 'Under Construction' projects in Modi Nagar command a higher average price of ₹7,250 per sq ft, reflecting a modest appreciation of 0.38% from the previous period. Meanwhile, 'Ready to Move' properties are priced at an average of ₹6,800 per sq ft, showing a stronger appreciation of 1.54% compared to the previous period, signaling steady demand for immediate occupancy.
The Government Registration Rate in Modi Nagar is ₹600 per sq ft, as per data recorded between Nov 2025 and Oct 2026. This rate serves as a baseline for official transactions, which saw a total of 842 registrations with a gross value of ₹212 Cr during this period, providing a clear distinction between official valuation benchmarks and the current market asking price of ₹8,050 per sq ft.
As of Sep 2026, rental patterns in Modi Nagar show that 2 BHK apartments command an average rent of ₹25,100 per month, while 3 BHK apartments are available at an average of ₹20,000 per month. These figures provide prospective tenants with an understanding of the monthly budget required for different living spaces in the area.
Rental rates in the region are currently led by both Govindpuri and Modinagar, which both command an average rental rate of ₹50 per sq ft. Notably, rental rates in Modinagar have seen a significant appreciation of 122.22% compared to the previous period, while rates in Govindpuri have remained stable.
High End Paradise I, located in the Murad Nagar locality, is a notable project for renters with an average rental rate of ₹50 per sq ft. While its current specific listing rate is ₹15 per sq ft, the project's overall market positioning remains stable with no change in its rental performance as of Sep 2026.
Investors should note that while the broader market in Modi Nagar saw a 3.04% depreciation in asking prices as of Sep 2026, specific segments like apartments have appreciated by 2.49%. This suggests that while the overall micromarket is undergoing a correction, quality residential assets like apartments are showing signs of growth, making them potentially more attractive for long-term holding.
