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 rapidly across major cities. According to a report by ANAROCK Research, Delhi-NCR has recorded the fastest rise in luxury home prices from 2022 to 2025, surpassing Mumbai and other major cities. This trend is expected to continue, driven by increasing demand for luxury housing and limited supply in the region.
The report highlights that Delhi-NCR’s market registered a staggering 72% jump in luxury home prices, rising from ₹13,450 per sq ft in 2022 to ₹23,100 per sq ft in 2025. This surpasses Mumbai Metropolitan Region, which logged a 43% rise, and Bengaluru, which followed with a 42% increase over the same time. The significant rise in luxury home prices in Delhi-NCR can be attributed to the region’s growing economy, infrastructure development, and increasing demand for high-end housing.
The growth of the Indian economy, particularly in the services sector, has led to an increase in disposable income among high-net-worth individuals. This, in turn, has driven demand for luxury housing, with buyers seeking high-end amenities and premium locations. Delhi-NCR, with its well-developed infrastructure and proximity to major business hubs, has emerged as a preferred destination for luxury homebuyers.
The report also notes that the limited supply of luxury housing in Delhi-NCR has contributed to the rapid rise in prices. The region’s luxury housing market is characterized by a shortage of high-end properties, particularly in prime locations. This scarcity has led to a sellers’ market, with developers commanding premium prices for their properties.
Mumbai, on the other hand, has traditionally been one of the most expensive cities in India, with luxury home prices among the highest in the country. However, the city’s luxury housing market has witnessed a slower growth rate compared to Delhi-NCR, with a 43% rise in prices over the same period. Bengaluru, known for its thriving IT industry, has also seen significant growth in luxury home prices, but at a slower pace than Delhi-NCR.
The rise in luxury home prices in Delhi-NCR is expected to continue, driven by ongoing infrastructure development and the growing demand for high-end housing. The region’s proximity to major business hubs, such as Gurugram and Noida, has made it an attractive destination for corporate professionals and entrepreneurs. Additionally, the development of new infrastructure projects, such as the Delhi-Mumbai Expressway and the Jewar Airport, is expected to further boost the region’s economy and drive growth in the luxury housing market.
In conclusion, the report by ANAROCK Research highlights the rapid growth of the luxury housing market in Delhi-NCR, with the region witnessing the fastest rise in luxury home prices from 2022 to 2025. The limited supply of luxury housing, combined with increasing demand and ongoing infrastructure development, is expected to drive continued growth in the region’s luxury housing market.
As the Indian economy continues to grow, it is likely that the demand for luxury housing will increase, driving up prices in major cities. However, the pace of growth may vary across regions, with Delhi-NCR emerging as a leader in the luxury housing market. For buyers and investors, it is essential to stay informed about market trends and developments, as the luxury housing market in India is expected to continue evolving in the coming years.
About the Author
