Delhi-NCR saw fastest rise in luxury home prices from 2022-25: Report
The Indian real estate market has experienced significant growth over the past few years, with luxury home prices witnessing a substantial surge. According to a recent 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 staggering 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 preference for luxury living among homebuyers.
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 has emerged as a hub for luxury residential properties, attracting high-end homebuyers and investors alike.
The report also highlights the growing demand for luxury homes in Delhi-NCR, driven by factors such as the region’s proximity to key business hubs, excellent connectivity, and world-class amenities. The area’s well-developed infrastructure, including modern airports, highways, and public transportation systems, has made it an attractive destination for homebuyers seeking a luxurious lifestyle.
Moreover, the Indian government’s initiatives to boost the real estate sector, such as the introduction of the Real Estate (Regulation and Development) Act, 2016 (RERA), have helped to increase transparency and accountability in the market. This, in turn, has contributed to the growth of the luxury residential segment, as homebuyers become more confident in their investment decisions.
The rise in luxury home prices in Delhi-NCR is also driven by the limited availability of high-end properties in the region. As demand continues to outstrip supply, developers are capitalizing on the opportunity to launch new luxury projects, which are being snapped up quickly by discerning homebuyers.
In addition, the report notes that the COVID-19 pandemic has accelerated the shift towards luxury living, as people increasingly prioritize their health, wellbeing, and lifestyle. With many Indians now working from home, there is a growing demand for spacious, well-appointed homes with modern amenities, such as gyms, swimming pools, and community spaces.
The growth of the luxury residential market in Delhi-NCR is also being driven by the increasing presence of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) in the region. These affluent buyers are seeking exclusive, bespoke homes that offer the ultimate in luxury and sophistication, and are willing to pay a premium for the best properties.
In conclusion, the report by ANAROCK Research highlights the significant growth of the luxury residential market in Delhi-NCR, with the region recording the fastest rise in luxury home prices between 2022 and 2025. As the Indian economy continues to grow, and the demand for luxury living increases, it is likely that Delhi-NCR will remain a hub for high-end residential properties, attracting homebuyers and investors from across the country.
The report’s findings are a testament to the region’s growing appeal as a luxury lifestyle destination, and underscore the importance of Delhi-NCR in the Indian real estate market. As the market continues to evolve, it will be interesting to see how the region’s luxury residential segment develops, and whether other cities will be able to catch up with Delhi-NCR’s rapid growth.
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