Delhi-NCR Housing Prices Jump 24% in July-September 2025

Delhi-NCR’s housing market witnessed a sharp 24 percent year-on-year surge in average residential property prices during the July-September 2025 quarter, driven by strong demand, particularly for luxury homes, according to Anarock Research.

The average price per square foot rose to Rs. 8,900, compared to Rs. 7,200 in the same period last year. Key NCR markets include Gurugram, Noida, Greater Noida, Delhi, and Ghaziabad.

Across India’s seven major cities, average housing prices grew 9 percent annually, reaching Rs. 9,105 per sq ft from Rs. 8,390.

Key Highlights

• Delhi-NCR property prices surged 24 percent YoY, highest in India
• Luxury homes and better infrastructure drive NCR demand
• Overall India housing prices rose 9 percent, led by metro growth

Among these cities, Delhi-NCR recorded the steepest rise, outpacing Mumbai, Bengaluru, Pune, Hyderabad, Chennai, and Kolkata. The Mumbai Metropolitan Region (MMR) remained the costliest market, with average prices increasing 6 percent to Rs. 17,230 per sq ft.

In other metros, housing prices rose as follows: Bengaluru (10 percent to Rs. 8,870), Pune (4 percent to Rs. 7,935), Hyderabad (8 percent to Rs. 7,750), Chennai (5 percent to Rs. 7,010), and Kolkata (6 percent to Rs. 6,060).

Experts attribute the NCR’s surge to rising affluence, demand for luxury homes, and improved infrastructure. BPTP CEO Manik Malik noted that global aspirations are boosting luxury housing demand, while VS Realtors CEO Vijay Harsh Jha cautioned that growth may moderate amid a slowdown in sales and new launches.

Gaurs CMD Manoj Gaur, said, "The 24 per cent surge in NCR's housing prices marks a structural realignment in end-users' behaviour. We are seeing homebuyers prioritising ownership in well-planned, lifestyle-led cities, seeking residences that reflect both aspiration and stability".

Ashok Kapur, Chairman of Krisumi Corporation, said the noticeable surge in housing prices in Delhi-NCR clearly underlines the sustained demand for quality homes across segments.

"Despite economic fluctuations and evolving buyer preferences, real estate continues to demonstrate resilience and long-term growth potential. Homebuyers today are not merely investing in property; they are seeking better lifestyles, modern amenities, and value-driven living spaces," Kapur said.

Ashish Jerath, President, Sales & Marketing of Smartworld Developers, said, "While Gurugram is a mature market where price increases have been supported by new infrastructure developments like the Dwarka Expressway and the opening of UER 2, Noida is rapidly developing as a luxury-focused market, with new launches benefiting from the upcoming international airport and superior infrastructure".

Also Read: Strong end-user demand and Infra Push Spark Revival in Delhi-NCR Realty Market

Quarter-on-quarter, housing prices in the seven cities grew only 1-3 percent, signaling a gradual stabilization after sharp post-pandemic increases. Overall, the NCR remains India’s fastest-growing housing market, led by luxury segment momentum.