Delhi-NCR Housing Prices Soar 24% Annually as Luxury Demand Rises

According to a recent report by real estate consultant Anarock, the Delhi-NCR region has witnessed a significant surge in housing prices over the past year. The average price of residential properties in the region rose by 24% annually, reaching Rs 8,900 per square foot during the July-September 2025 period, up from Rs 7,200 per square foot in the same period the previous year.

This price increase is attributed to better demand, particularly for luxury homes, in key markets like Gurugram, Noida, Greater Noida, Delhi, and Ghaziabad. Industry experts suggest that homebuyers in Delhi-NCR are now prioritizing ownership in well-planned, lifestyle-focused cities, seeking residences that reflect both their aspirations and a sense of stability.

The report also highlights that the overall housing prices across seven major Indian cities rose by 9% during the same period, with Delhi-NCR recording the maximum increase. The Mumbai Metropolitan Region (MMR) remains the most expensive housing market in the country, with prices rising by 6% to Rs 17,230 per square foot.

Developers and industry leaders attribute this surge in Delhi-NCR's housing prices to a structural realignment in end-users' behavior, as well as improvements in infrastructure that have fueled both demand and prices in the region. The increasing affluence and global aspirations of homebuyers have also contributed to the growing demand for luxury homes in the market.