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 steadily across major cities. According to a report by ANAROCK Research, Delhi-NCR has recorded the fastest rise in luxury home prices over the last three years, surpassing Mumbai, which has traditionally been one of the most expensive cities in the country. The report reveals that Delhi-NCR’s luxury home market registered a whopping 72% jump, with prices rising from ₹13,450 per sq ft in 2022 to ₹23,100 per sq ft in 2025.
This significant increase in luxury home prices in Delhi-NCR can be attributed to a combination of factors, including the region’s growing economic importance, infrastructure development, and the increasing demand for high-end housing. The city’s proximity to the national capital, its well-developed social infrastructure, and the presence of several multinational companies have made it an attractive destination for homebuyers and investors alike.
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 real estate, with homebuyers and investors willing to pay a premium for high-end properties in the region.
The report by ANAROCK Research highlights the shifting trends in the Indian real estate market, where Delhi-NCR is increasingly becoming a preferred destination for luxury homebuyers. The region’s growth can be attributed to the government’s efforts to improve infrastructure, including the development of new airports, highways, and public transportation systems. Additionally, the city’s thriving economy, with several major industries, including IT, finance, and manufacturing, has created a large pool of high-income earners who are driving demand for luxury housing.
The rise in luxury home prices in Delhi-NCR is also driven by the limited supply of high-end properties in the region. As demand for luxury housing continues to outstrip supply, developers are capitalizing on the trend by launching new projects that cater to the growing demand for premium properties. This has resulted in a significant increase in prices, with buyers willing to pay a premium for properties that offer world-class amenities, security, and exclusive living experiences.
The report also notes 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 such properties. As the city continues to evolve and grow, it is likely that luxury home prices will continue to rise, making Delhi-NCR one of the most expensive cities in the country.
In terms of specific locations, the report highlights that areas such as Gurugram, Noida, and Delhi’s upscale neighborhoods, such as Vasant Kunj and Shantiniketan, have witnessed significant price appreciation over the last three years. These areas are popular among luxury homebuyers due to their proximity to major business hubs, good connectivity, and access to high-end amenities, including schools, hospitals, and shopping centers.
The rise in luxury home prices in Delhi-NCR has also had a ripple effect on the broader real estate market, with prices of mid-segment and affordable housing also increasing. As the demand for housing continues to grow, it is likely that prices across all segments will continue to rise, making it challenging for buyers to find affordable options.
In conclusion, the report by ANAROCK Research highlights the significant growth in luxury home prices in Delhi-NCR over the last three years. With a 72% jump in prices, Delhi-NCR has surpassed Mumbai and Bengaluru to become the city with the fastest-rising luxury home prices. The region’s growing economy, infrastructure development, and limited supply of high-end properties have driven demand for luxury housing, resulting in a significant increase in prices. As the city continues to evolve and grow, it is likely that luxury home prices will continue to rise, making Delhi-NCR one of the most expensive cities in the country.
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