Delhi-NCR saw fastest rise in luxury home prices from 2022-25: Report
The Indian real estate market has been witnessing a significant surge in luxury home prices over the past few years. According to a recent report by ANAROCK Research, Delhi-NCR has recorded the fastest rise in luxury home prices from 2022 to 2025, surpassing other major cities like Mumbai and Bengaluru. This trend is a clear indication of the growing demand for high-end properties in the region, driven by factors such as increasing disposable income, urbanization, and infrastructure development.
The report states 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 in prices can be attributed to the region’s rapidly growing economy, improved infrastructure, and the presence of several multinational companies. The demand for luxury homes in Delhi-NCR is primarily driven by the city’s affluent population, including business owners, entrepreneurs, and high-income professionals.
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 while Mumbai and Bengaluru are still popular destinations for luxury homebuyers, Delhi-NCR is emerging as a new hub for high-end properties. The report suggests that the growth in Delhi-NCR’s luxury housing market is expected to continue in the coming years, driven by the government’s initiatives to improve infrastructure and promote economic growth in the region.
One of the key factors contributing to the rise in luxury home prices in Delhi-NCR is the increasing demand for high-end properties in areas like Gurugram, Noida, and Greater Noida. These areas have witnessed significant infrastructure development in recent years, including the construction of new roads, metro lines, and commercial complexes. The presence of several multinational companies, startups, and IT firms in these areas has also led to an increase in demand for luxury homes, as professionals and entrepreneurs seek to live in proximity to their workplaces.
Another factor driving the growth of the luxury housing market in Delhi-NCR is the government’s efforts to promote affordable housing and infrastructure development. The government’s initiatives, such as the Pradhan Mantri Awas Yojana (PMAY) and the Smart Cities Mission, have led to an increase in the supply of affordable housing units, which in turn has driven up demand for luxury homes. Additionally, the government’s focus on improving infrastructure, including the construction of new airports, highways, and public transportation systems, has made Delhi-NCR an attractive destination for homebuyers and investors.
The rise in luxury home prices in Delhi-NCR is also driven by the growing trend of premiumization in the real estate market. With increasing incomes and changing lifestyles, homebuyers are now seeking high-end properties with modern amenities, such as swimming pools, gyms, and clubhouses. Developers are responding to this demand by launching luxury projects with world-class amenities, which are commanding high prices in the market.
In conclusion, the report by ANAROCK Research highlights the significant growth in luxury home prices in Delhi-NCR over the past three years. With a 72% jump in prices, Delhi-NCR has surpassed other major cities like Mumbai and Bengaluru, emerging as a new hub for high-end properties. The growth in the luxury housing market is driven by factors such as increasing demand, infrastructure development, and government initiatives. As the Indian real estate market continues to evolve, it will be interesting to see how the luxury housing market in Delhi-NCR shapes up in the coming years.
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