Delhi-NCR saw fastest rise in luxury home prices from 2022-25: Report
The Indian real estate market has witnessed significant growth in recent years, with luxury home prices rising across various cities. According to a report by ANAROCK Research, Delhi-NCR has recorded the fastest rise in luxury home prices between 2022 and 2025, surpassing other major cities like Mumbai and Bengaluru. This trend is a testament to the growing demand for high-end residential properties in the region.
The report reveals that Delhi-NCR’s market registered a whopping 72% jump in luxury home prices, rising from ₹13,450 per square foot in 2022 to ₹23,100 per square foot in 2025. This significant increase can be attributed to various factors, including the region’s growing economy, infrastructure development, and the increasing demand for luxury homes from high-income individuals and families.
In comparison, the Mumbai Metropolitan Region (MMR) logged a 43% rise in luxury home prices over the same period, while Bengaluru followed with a 42% increase. These numbers indicate that Delhi-NCR is emerging as a hub for luxury residential properties, attracting buyers and investors from across the country.
The growth of Delhi-NCR’s luxury real estate market can be attributed to several factors. One of the primary reasons is the region’s strategic location, which offers easy access to major business hubs, airports, and other amenities. Additionally, the government’s initiatives to improve infrastructure, such as the expansion of the metro network and the development of new highways, have made the region more attractive to homebuyers.
Another factor contributing to the rise in luxury home prices is the increasing demand for high-end properties from non-resident Indians (NRIs) and foreign investors. Delhi-NCR’s proximity to major business centers and its reputation as a hub for international trade and commerce have made it an attractive destination for investors looking to purchase luxury properties.
The report also highlights the growing trend of luxury homebuyers opting for newer and more modern properties, rather than traditional luxury homes. This shift in preference is driven by the desire for modern amenities, such as smart home technology, high-end finishes, and luxurious lifestyles.
In terms of specific locations, the report notes that areas like Gurugram, Noida, and Greater Noida have witnessed significant growth in luxury home prices. These regions have seen a surge in demand for high-end properties, driven by their proximity to major business hubs and the availability of modern amenities.
The rise in luxury home prices in Delhi-NCR is also expected to have a positive impact on the local economy. As the demand for luxury properties continues to grow, it is likely to create new job opportunities in the construction and real estate sectors, as well as drive economic growth through increased investment and spending.
However, the report also notes that the growth in luxury home prices may lead to concerns about affordability and accessibility for middle-class homebuyers. As prices continue to rise, it may become increasingly difficult for buyers on a budget to purchase homes in the region, potentially leading to a shortage of affordable housing options.
In conclusion, the report by ANAROCK Research highlights the significant growth in luxury home prices in Delhi-NCR between 2022 and 2025. The region’s strategic location, infrastructure development, and growing demand for high-end properties have contributed to its emergence as a hub for luxury residential properties. As the Indian real estate market continues to evolve, it will be interesting to see how the trend in luxury home prices unfolds in the coming years.
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