Delhi-NCR saw fastest rise in luxury home prices from 2022-25: Report
The Indian real estate market has experienced significant growth in recent years, with luxury homes being a major contributor to this trend. 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. This surge in luxury home prices is a clear indication of the growing demand for high-end 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 square foot in 2022 to ₹23,100 per square foot in 2025. This significant increase in prices can be attributed to the growing demand for luxury properties, driven by factors such as the region’s strong economic growth, infrastructure development, and the increasing presence of high-net-worth individuals.
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 clearly indicate that Delhi-NCR is leading the pack when it comes to luxury home prices, with the region’s prices surpassing those of Mumbai, which has traditionally been considered the hub of luxury real estate in India.
So, what are the factors contributing to this rapid growth in luxury home prices in Delhi-NCR? One major reason is the region’s strategic location, which offers easy access to major business hubs, airports, and other infrastructure facilities. Additionally, the region’s strong economic growth, driven by industries such as IT, finance, and hospitality, has led to an increase in the number of high-net-worth individuals, who are driving the demand for luxury properties.
Another factor contributing to the growth of luxury home prices in Delhi-NCR is the region’s limited supply of high-end properties. As the demand for luxury homes continues to rise, the limited supply of such properties is leading to an increase in prices. Furthermore, the region’s infrastructure development, including the construction of new roads, highways, and public transportation systems, is also contributing to the growth of luxury home prices.
The report also highlights the fact that Delhi-NCR’s luxury home market is becoming increasingly attractive to investors, with many investors looking to capitalize on the region’s growing demand for high-end properties. This influx of investment is further driving up prices, as investors compete for a limited number of luxury properties.
In terms of specific locations, the report notes that areas such as Gurugram, Noida, and Greater Noida are witnessing significant growth in luxury home prices, driven by their proximity to major business hubs and infrastructure facilities. These areas are also seeing a surge in demand for luxury properties, with many buyers looking to upgrade to larger, more luxurious homes.
The rise in luxury home prices in Delhi-NCR is also being driven by the growing trend of luxury living, with many buyers looking for properties that offer high-end amenities and services. This includes features such as private swimming pools, gyms, spas, and concierge services, which are becoming increasingly popular among luxury home buyers.
In conclusion, the report by ANAROCK Research clearly indicates that Delhi-NCR is leading the way when it comes to luxury home prices, with the region’s market registering a 72% jump in prices over the last three years. Driven by factors such as strong economic growth, infrastructure development, and limited supply, the region’s luxury home market is expected to continue growing, with prices likely to rise further in the coming years.
As the Indian real estate market continues to evolve, it will be interesting to see how the luxury home market in Delhi-NCR develops, and whether other cities will be able to catch up with the region’s rapid growth. One thing is certain, however – Delhi-NCR is currently the hub of luxury real estate in India, and its luxury home prices are likely to continue rising in the coming years.
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