Delhi-NCR saw fastest rise in luxury home prices from 2022-25: Report
The Indian real estate market has been witnessing a significant transformation in recent years, with luxury homes being a major driving force behind this growth. According to a recent report by ANAROCK Research, Delhi-NCR has recorded the fastest rise in luxury home prices in the last three years, surpassing other major cities like Mumbai and Bengaluru. This trend is a clear indication of the region’s growing demand for high-end residential properties and its potential for future growth.
The report states 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 the region’s growing economy, infrastructure development, and the increasing demand for luxury housing. The rise in prices is also a testament to the region’s popularity among homebuyers who are looking for high-end properties with world-class amenities.
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, and the region is likely to continue this trend in the coming years.
So, what’s driving this growth in Delhi-NCR’s luxury home market? One of the primary reasons is the region’s growing economy, which has been fueled by the presence of several multinational companies, startups, and IT firms. This has led to an influx of high-income individuals who are looking for luxury properties that offer world-class amenities and a high standard of living.
Another factor contributing to the growth of Delhi-NCR’s luxury home market is the region’s infrastructure development. The government has been investing heavily in the development of new roads, highways, and public transportation systems, making it easier for people to commute and access different parts of the city. This has led to an increase in demand for luxury properties in areas that are well-connected and offer easy access to commercial hubs.
The report also highlights the growing demand for luxury homes in Delhi-NCR, particularly in areas like Gurugram, Noida, and Greater Noida. These areas have seen a significant increase in demand for high-end properties, driven by the presence of several multinational companies and the growth of the IT sector.
In addition to these factors, the government’s policies and initiatives have also played a crucial role in driving the growth of Delhi-NCR’s luxury home market. The government’s decision to reduce GST on under-construction properties and the introduction of new policies like RERA have helped to boost buyer confidence and increase demand for luxury homes.
Overall, the report by ANAROCK Research clearly indicates that Delhi-NCR is the fastest-growing luxury home market in India, surpassing other major cities like Mumbai and Bengaluru. The region’s growing economy, infrastructure development, and increasing demand for luxury housing are expected to continue driving this growth in the coming years, making it an attractive destination for homebuyers and investors alike.
As the Indian real estate market continues to evolve, it will be interesting to see how Delhi-NCR’s luxury home market performs in the coming years. With the government’s focus on infrastructure development and the growth of the IT sector, the region is likely to continue its upward trajectory, offering lucrative opportunities for homebuyers and investors.
In conclusion, the report by ANAROCK Research is a clear indication of Delhi-NCR’s growing dominance in the luxury home market. With its growing economy, infrastructure development, and increasing demand for luxury housing, the region is expected to continue its upward trend in the coming years. Whether you’re a homebuyer or an investor, Delhi-NCR’s luxury home market is definitely worth considering.
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