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 homes being a major contributor to this trend. According to a 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. The report highlights the impressive growth of the Delhi-NCR market, which has seen a 72% jump in luxury home prices from 2022 to 2025.
The data reveals that the average price per square foot of luxury homes in Delhi-NCR has risen from ₹13,450 in 2022 to ₹23,100 in 2025. This significant increase demonstrates the growing demand for luxury housing in the region, driven by factors such as increasing disposable incomes, urbanization, and a rising preference for high-end living. The report also notes that this surge in prices is not limited to Delhi-NCR, with other major cities like Mumbai and Bengaluru also witnessing significant growth in luxury home prices.
However, Delhi-NCR’s 72% increase surpasses the growth seen in other cities, with the Mumbai Metropolitan Region logging a 43% rise and Bengaluru following with a 42% increase over the same period. This trend is indicative of the shifting dynamics of the Indian real estate market, where Delhi-NCR is emerging as a hub for luxury housing. The region’s strategic location, excellent connectivity, and world-class infrastructure are making it an attractive destination for homebuyers and investors alike.
The report by ANAROCK Research also highlights the factors contributing to the growth of luxury home prices in Delhi-NCR. One of the primary drivers is the increasing demand for high-end housing, driven by the growing number of high-net-worth individuals (HNIs) in the region. Delhi-NCR is home to many top corporates, startups, and entrepreneurs, who are seeking luxurious and spacious homes that offer a premium lifestyle.
Another factor contributing to the rise in luxury home prices is the limited supply of high-end housing in the region. The report notes that the demand for luxury homes far exceeds the available supply, leading to a surge in prices. This supply-demand imbalance is further exacerbated by the fact that many developers are focusing on building affordable and mid-segment homes, rather than luxury projects.
The growth of luxury home prices in Delhi-NCR is also driven by the government’s initiatives to improve the region’s infrastructure and connectivity. The expansion of the Delhi Metro, the development of new highways, and the upcoming Jewar Airport are some of the key projects that are expected to boost the region’s real estate market. These infrastructure developments are not only improving the quality of life for residents but also making the region more attractive to investors and homebuyers.
In addition to these factors, the report also notes that the luxury home market in Delhi-NCR is witnessing a shift towards more sustainable and eco-friendly living. Many developers are now focusing on building green buildings, with features such as solar panels, rainwater harvesting, and energy-efficient systems. This trend is driven by the growing awareness among homebuyers about the importance of environmental sustainability and the need to reduce their carbon footprint.
The rise in luxury home prices in Delhi-NCR is also expected to have a positive impact on the region’s economy. The growth of the real estate sector is likely to create new job opportunities, stimulate economic activity, and attract more investments to the region. Furthermore, the increase in property prices is also expected to boost the revenue of the state government, which can be used to fund infrastructure development and other public welfare projects.
In conclusion, the report by ANAROCK Research highlights the impressive growth of the luxury home market in Delhi-NCR, with a 72% jump in prices from 2022 to 2025. This surge in prices is driven by a combination of factors, including increasing demand, limited supply, and infrastructure development. As the Indian real estate market continues to evolve, it will be interesting to see how the luxury home market in Delhi-NCR performs in the coming years.
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