Delhi Real Estate Eyes Revival with Master Plan and New Supply
Delhi’s real estate sector is gearing up for a strong revival, with the much-awaited Master Plan and upcoming supply expected to unlock fresh opportunities. For years, Gurgaon and Noida have outpaced Delhi due to the capital’s limited land-use policies. According to Anand Kumar, Chairman of RERA Delhi, the absence of a clear land-use change policy led to widespread unauthorised construction, restricting the city’s real estate potential.
The new Master Plan is likely to address these challenges by offering redevelopment options for old societies and reorganisation of unauthorised colonies. Alongside this, planned infrastructure upgrades across the capital are set to boost connectivity and business activity. Experts believe this combination could restore Delhi’s competitive edge in the NCR property market while also creating new job opportunities.
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Commercial real estate in Delhi is also showing signs of growth. Between January and June 2025, office space absorption reached about 400,000 sq ft, driven mainly by consulting, research, analytics, BFSI, and flexible space operators. CBRE forecasts a major shift in supply, with nearly 5 million sq ft of new office space expected between 2025 and 2027, signaling renewed developer and investor confidence in Delhi’s market.
On the residential and retail side, demand is equally strong. In H1 2025, Delhi-NCR saw nearly 21,000 new home launches and sales, dominated by luxury and premium units. Retail leasing remained healthy too, with fashion, homeware, and F&B brands driving demand, especially across high streets. With policy reforms, modern planning, and growing investor interest, Delhi’s real estate sector appears to be on a steady path of sustainable growth.
