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 homes being a key driver of this trend. According to a report by ANAROCK Research, Delhi-NCR has recorded the fastest rise in luxury home prices over the last three years, surpassing other major cities like Mumbai and Bengaluru. This surge in luxury home prices 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 sq ft in 2022 to ₹23,100 per sq ft in 2025. This significant increase in prices can be attributed to various factors, including the region’s growing economy, infrastructure development, and the increasing demand for luxury properties from high-net-worth individuals.
Delhi-NCR’s luxury home market has been driven by the growing demand for high-end properties in areas like Gurugram, Noida, and Delhi. The region’s proximity to major business hubs, excellent connectivity, and world-class amenities have made it an attractive destination for luxury homebuyers. Additionally, the Indian government’s initiatives to improve infrastructure and promote affordable housing have also contributed to the growth of the luxury home market in Delhi-NCR.
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 cities, although still witnessing significant growth, have been surpassed by Delhi-NCR in terms of the pace of price appreciation. The report highlights that the luxury home market in these cities is also driven by demand from high-net-worth individuals, but the pace of growth has been slower compared to Delhi-NCR.
The rise in luxury home prices in Delhi-NCR can be attributed to several factors, including the growing economy, urbanization, and the increasing demand for high-end properties. The region’s strong economic growth, driven by industries like IT, finance, and manufacturing, has led to an increase in disposable income, enabling individuals to invest in luxury properties. Additionally, the Indian government’s initiatives to promote affordable housing and improve infrastructure have also contributed to the growth of the luxury home market in Delhi-NCR.
The report also highlights that the luxury home market in Delhi-NCR is expected to continue growing, driven by the increasing demand for high-end properties and the limited supply of luxury homes in the region. The demand for luxury properties is expected to be driven by high-net-worth individuals, including business owners, entrepreneurs, and executives, who are looking for exclusive and luxurious living spaces.
In conclusion, the report by ANAROCK Research highlights that Delhi-NCR has witnessed the fastest rise in luxury home prices over the last three years, surpassing other major cities like Mumbai and Bengaluru. The region’s growing economy, infrastructure development, and increasing demand for luxury properties have driven this surge in prices. As the Indian real estate market continues to grow, it is expected that the luxury home market in Delhi-NCR will remain a key driver of this trend.
The growth of the luxury home market in Delhi-NCR is also expected to have a positive impact on the overall real estate sector in the region. The increasing demand for luxury properties is expected to drive the development of new luxury projects, creating new opportunities for real estate developers, architects, and designers. Additionally, the growth of the luxury home market is also expected to contribute to the local economy, generating employment opportunities and revenue for the government.
Overall, the report by ANAROCK Research provides valuable insights into the luxury home market in Delhi-NCR and highlights the region’s potential for growth and development. As the Indian real estate market continues to evolve, it is expected that the luxury home market in Delhi-NCR will remain a key driver of this trend, driven by the increasing demand for high-end properties and the limited supply of luxury homes in the region.
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