Gurugram and Navi Mumbai Lead India's Booming Housing Market

The latest market analysis from eXp India has revealed that India’s housing market continues to show strong regional performance, with double-digit annual growth in many areas and several cities posting robust quarterly increases despite a small number seeing temporary corrections.

eXp India analysed the latest market data, examining quarterly and annual house price movements across key urban centres as measured by the NHB Residex.

The research shows that Gurugram leads the market with the strongest quarterly growth, up 5.2 percent, followed by Greater Noida (+4.4 percent), Noida (+4.1 percent), Chandigarh (Tricity) (+3.4 percent), and Faridabad (+3.1 percent).

Together, these northern markets are driving much of the near-term momentum, supported by strong infrastructure expansion and continued demand from professionals working across the NCR region.

At the other end of the spectrum, Kochi saw the steepest quarterly decline at -7.4 percent, followed by Raipur (-4.0 percent), Delhi (-2.1 percent), Gandhinagar (-1.6 percent), and Thiruvananthapuram (-1.3 percent).

These modest corrections reflect short-term adjustments in supply and local sentiment rather than structural weakness, as most cities continue to maintain price stability over the year.

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On an annual basis, the market remains overwhelmingly positive, with Navi Mumbai showing the highest annual growth at +39.1 percent, followed by Gurugram (+30.0 percent), Bhubaneswar (+23.2 percent), Greater Noida (+23.0 percent), and Noida (+22.2 percent).

The weakest annual performances were seen in Howrah (-6.1 percent), Kochi (-5.5 percent), Thiruvananthapuram (-4.8 percent), Gandhinagar (-0.9 percent), and Delhi (-0.2 percent).

Sam Chopra, President of eXp India, commented:

“India’s housing market remains one of the most dynamic globally, with impressive growth in key regional hubs and continued long-term confidence from buyers and investors.

The strong performance in NCR and coastal cities such as Navi Mumbai underlines the enduring demand for well-connected, high-quality housing.

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At eXp India, our platform empowers agents to leverage these conditions through data-driven strategies, virtual collaboration, and international exposure.

Whether navigating a rising or stabilizing market, our model allows agents to adapt quickly, provide greater value to clients, and achieve sustained success in an increasingly competitive landscape.”