Delhi-NCR saw fastest rise in luxury home prices from 2022-25: Report
The Indian real estate market has witnessed a significant surge in luxury home prices over the past three years, with Delhi-NCR emerging as the leader in this segment. According to a recent report by ANAROCK Research, Delhi-NCR has recorded the fastest rise in luxury home prices, 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, driven by factors such as increasing disposable incomes, improved infrastructure, and a thriving economy.
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 in prices can be attributed to the limited supply of luxury properties in the region, coupled with a strong demand from high-net-worth individuals and corporates. The rise in prices has also been fueled by the growing popularity of luxury residential projects in areas like Gurugram, Noida, and Delhi, which offer world-class amenities and facilities.
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. The slower growth in these cities can be attributed to factors such as higher inventory levels, increased competition, and a more mature market. However, it’s worth noting that these cities still remain among the most sought-after destinations for luxury homebuyers in India.
The report also highlights the key drivers of the luxury real estate market in Delhi-NCR. These include the growing presence of multinational corporations, the expansion of the IT/ITeS sector, and the increasing popularity of the region as a hub for start-ups and entrepreneurs. Additionally, the improvement in infrastructure, including the development of new airports, highways, and public transportation systems, has made the region more attractive to high-end homebuyers.
Another significant factor contributing to the rise in luxury home prices in Delhi-NCR is the limited supply of high-end properties. 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 inventory. This shortage has resulted in a sellers’ market, where developers are able to command premium prices for their properties.
The trend of rising luxury home prices in Delhi-NCR is expected to continue in the coming years, driven by the growing demand for high-end residential properties. The report predicts that the region will remain a hotspot for luxury real estate, with prices expected to rise by another 10-15% in the next two years.
In conclusion, the Delhi-NCR region has emerged as the leader in the luxury real estate market, with the fastest rise in luxury home prices over the past three years. The region’s growing economy, improved infrastructure, and limited supply of high-end properties have contributed to this trend. As the demand for luxury residential properties continues to grow, Delhi-NCR is expected to remain a hotspot for high-end homebuyers, with prices expected to rise further in the coming years.
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