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 luxury home prices over the past few years. According to a recent report by ANAROCK Research, Delhi-NCR has recorded the fastest rise in luxury home prices from 2022 to 2025, surpassing other major cities like Mumbai and Bengaluru. This trend is a testament to the growing demand for luxury housing in the region, driven by factors such as increasing disposable incomes, urbanization, and infrastructure development.
The report reveals that Delhi-NCR’s market registered a staggering 72% jump in luxury home prices, rising from ₹13,450 per sq ft in 2022 to ₹23,100 per sq ft in 2025. This surpasses the Mumbai Metropolitan Region, which logged a 43% rise, and Bengaluru, which followed with a 42% increase over the same time. The significant growth in Delhi-NCR’s luxury housing market can be attributed to the region’s strategic location, excellent connectivity, and world-class infrastructure.
One of the primary factors contributing to the growth of Delhi-NCR’s luxury housing market is the increasing demand from high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs). These individuals are seeking luxurious and exclusive living experiences, with amenities such as private pools, gyms, and spas. The region’s proximity to the national capital, New Delhi, and its excellent connectivity to other parts of the country and the world, make it an attractive destination for luxury home buyers.
Another factor driving the growth of Delhi-NCR’s luxury housing market is the development of new infrastructure projects, such as the expansion of the Delhi Metro, the construction of new highways, and the development of luxury commercial complexes. These projects have not only improved the region’s connectivity but also enhanced its aesthetic appeal, making it a desirable destination for luxury home buyers.
The report also highlights the growth of luxury housing markets in other cities, such as Mumbai and Bengaluru. While Mumbai’s luxury housing market has traditionally been one of the most expensive in the country, it has seen a relatively slower growth rate compared to Delhi-NCR. Bengaluru, on the other hand, has emerged as a hub for luxury housing, driven by the city’s thriving IT industry and the increasing demand for luxury homes from tech entrepreneurs and professionals.
The growth of luxury housing markets in India is also driven by government initiatives, such as the introduction of the Real Estate (Regulation and Development) Act, 2016 (RERA), and the Goods and Services Tax (GST). These initiatives have brought transparency and accountability to the real estate sector, making it more attractive to investors and home buyers.
In conclusion, the report by ANAROCK Research highlights the significant growth of Delhi-NCR’s luxury housing market, which has surpassed other major cities like Mumbai and Bengaluru. The region’s strategic location, excellent connectivity, and world-class infrastructure have made it an attractive destination for luxury home buyers. As the Indian economy continues to grow, and the demand for luxury housing increases, it is likely that Delhi-NCR will remain one of the most sought-after destinations for luxury home buyers.
The growth of luxury housing markets in India is a testament to the country’s economic growth and the increasing demand for luxury living experiences. As the real estate sector continues to evolve, it is likely that we will see more cities emerging as hubs for luxury housing, driven by factors such as urbanization, infrastructure development, and government initiatives.
For those interested in learning more about the luxury housing market in Delhi-NCR and other cities, the report by ANAROCK Research provides valuable insights and trends. Whether you are a home buyer, investor, or simply interested in the real estate sector, this report is a must-read.
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