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 recent years, with luxury home prices skyrocketing in various cities across the country. According to a recent 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. The report highlights the remarkable growth of the luxury real estate market in Delhi-NCR, with prices increasing by a whopping 72% between 2022 and 2025.
The data reveals that the average luxury home price in Delhi-NCR rose from ₹13,450 per square foot in 2022 to ₹23,100 per square foot in 2025. This significant jump in prices can be attributed to the growing demand for luxury housing in the region, driven by factors such as increasing disposable incomes, urbanization, and a thriving economy. The report also notes that the Mumbai Metropolitan Region (MMR) and Bengaluru, which are traditionally considered hubs for luxury real estate, have also witnessed significant price appreciation, but at a slower pace compared to Delhi-NCR.
The MMR, for instance, saw a 43% increase in luxury home prices over the same period, while Bengaluru recorded a 42% rise. These numbers indicate that Delhi-NCR is emerging as a preferred destination for luxury homebuyers, with its proximity to the national capital, world-class infrastructure, and a wide range of amenities and services. The region’s luxury real estate market is expected to continue its upward trajectory, driven by the growing demand for high-end housing and the limited supply of luxury projects.
The report by ANAROCK Research also highlights the key factors driving the growth of the luxury real estate market in Delhi-NCR. These include the region’s strategic location, excellent connectivity, and the presence of major business hubs and commercial centers. Additionally, the government’s initiatives to improve infrastructure, such as the expansion of the Delhi Metro and the development of new highways, have also contributed to the region’s attractiveness to luxury homebuyers.
Another significant factor contributing to the rise in luxury home prices in Delhi-NCR is the limited supply of high-end projects. The report notes that the region has seen a significant decline in new luxury project launches over the past few years, leading to a shortage of high-end housing options. This supply-demand imbalance has resulted in a price appreciation, making Delhi-NCR one of the most expensive luxury real estate markets in the country.
The growth of the luxury real estate market in Delhi-NCR is also driven by the increasing demand from high-net-worth individuals (HNIs) and non-resident Indians (NRIs). These buyers are looking for exclusive, high-end properties that offer a unique lifestyle experience, and Delhi-NCR’s luxury market is well-positioned to cater to their needs. The region offers a wide range of luxury projects, from upscale apartments and villas to luxury farms and estates, making it an attractive destination for HNIs and NRIs.
In conclusion, the report by ANAROCK Research highlights the remarkable growth of the luxury real estate market in Delhi-NCR, with the region recording the fastest rise in luxury home prices over the last three years. The significant price appreciation in Delhi-NCR can be attributed to the growing demand for luxury housing, limited supply of high-end projects, and the region’s strategic location and excellent connectivity. As the Indian real estate market continues to evolve, it will be interesting to see how the luxury market in Delhi-NCR performs in the coming years.
The report’s findings are a testament to the region’s emerging status as a luxury real estate hub, and it will be crucial for developers, investors, and homebuyers to keep a close eye on the market trends and dynamics. With the government’s focus on improving infrastructure and the growing demand for high-end housing, Delhi-NCR’s luxury real estate market is expected to continue its upward trajectory, offering lucrative opportunities for stakeholders in the industry.
About the Author
