NCR Leads as Housing Prices Rise Across India

Indian residential realty continued its high growth trajectory in Q3 2025 with average property prices moving up across the key metros. As per Anarock numbers, the pan-India average was at Rs.9,105 per sq. ft., a 9 percent year-on-year (YoY) increase and a 1 percent rise quarter-on-quarter.

The NCR, however, saw the maximum price increase of 24 percent YoY — the prices doubling from Rs.7,200 to Rs.8,900 per sq. ft. — fueled by high demand in Gurugram, Noida, and upcoming locations such as Dwarka Expressway.

"Acknowledging escalating home loan EMIs, the NCR market has held up owing to increasing household incomes coupled with a tilt towards larger lifestyle homes," elaborated a consultant in Delhi.

Key highlights:

• NCR recorded the highest residential price growth in Q3 2025, with a 24 percnet year-on-year surge, driven by demand in Gurugram, Noida, and Dwarka Expressway
• Pan-India average property prices rose to Rs.9,105 per sq. ft., marking a 9 percnet YoY increase despite high interest rates and loan EMIs
• MMR remained India’s costliest housing market at Rs.17,230 per sq. ft., while Bengaluru, Hyderabad, Chennai, Pune, and Kolkata saw steady price growth between 4 percent and 10 percent

Manoj Gaur, CMD of Gaurs Group, said, "The 24 percent jump is a structural shift in end-user behavior, with buyers preferring ownership in well-planned communities."

Also Read: NCR Developers Unveils Special Offers for this Festive Season

Ashok Kapur, Chairman of Krisumi Corporation, added, "Today's buyers want more than real estate — they're investing in improved lifestyles and long-term value."

Mumbai Metropolitan Area (MMR) continued to be India's most expensive market at Rs.17,230 per sq. ft., registering a modest 6 percet YoY growth. Bengaluru increased 10 percent to Rs.8,870, and Hyderabad increased 8 percent to Rs.7,750 per sq. ft.

Also Read: Gurugram Leads NCR Luxury Housing Launches

Chennai, Pune, and Kolkata recorded growth in the range of 4 percent to 6 percent, aided by IT demand, infrastructure development, and growing demand for premium housing.

In spite of the high interest rates, India's realty market is still strong, driven by strong end-user demand and structural changes in homebuyer sentiments.