Delhi-NCR Tops India’s Housing Price Boom with 24% Yearly Rise, Driven by Luxury Demand
1. Delhi-NCR Leads India’s Property Boom- Delhi-NCR has outperformed all major Indian cities in residential price growth, witnessing a 24% annual rise during July–September 2025. According to real estate consultancy Anarock, the average property rate in the region climbed from Rs 7,200 to Rs 8,900 per square foot. This surge highlights the region’s strong market demand and premium positioning in India’s real estate sector.
2. Luxury and Premium Housing Drive Growth- The primary momentum behind this unprecedented rise lies in the luxury and premium segments. Homebuyers are increasingly prioritizing well-planned developments that offer clear ownership, superior infrastructure, and strong connectivity. Developers like Gaurs and Krisumi note that modern buyers seek homes that promise long-term value and lifestyle appeal rather than just affordability.
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3. Infrastructure Development Fuels Demand- Infrastructure upgrades have been a major growth catalyst. Projects such as the Dwarka Expressway, Urban Extension Road-II, and the Noida International Airport have transformed connectivity across Delhi-NCR. Gurugram continues to be a key beneficiary of these projects, while Noida has rapidly evolved into a luxury-focused hub with improved transport and investment potential.
4. Affordable Housing Faces a Serious Shortfall- Despite the market’s strong performance, affordable housing remains a concern. In 2024, over 4.12 lakh new residential units were launched across India’s top seven cities, yet most remain unaffordable for middle and lower-income groups. High land prices and construction costs have pushed many young professionals and migrants toward long- term renting or informal settlements.
5. The Growing Home Ownership Challenge- According to the National Housing Board (NHB), home ownership remains a distant dream for many. The data suggests it could take an average earner around 35 years to buy a house in Delhi, and up to 64 years in Gurugram. This widening affordability gap highlights the urgent need for policy intervention to balance luxury development with accessible housing solutions.
