Did the Delhi-NCR residential market achieve a remarkable 19% growth in July-September?
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Synopsis
In an impressive turn of events, the Delhi-NCR residential market has recorded a staggering 19% growth in average prices during the July-September quarter. This achievement highlights the region's robust demand for premium properties and sets it apart from other major Indian cities. Discover how economic stability is driving this remarkable trend.
Key Takeaways
- Delhi-NCR residential market sees 19% growth.
- Strong demand for premium and luxury properties.
- Growth driven by stable economic conditions.
- Homebuyers prefer larger homes with better amenities.
- Positive outlook for the market in the coming quarters.
New Delhi, Oct 13 (NationPress) Fueled by stable economic conditions, diminished inventory risks, and robust end-user demand, the average residential prices in the Delhi-NCR region skyrocketed by 19 percent year-on-year during the July-September timeframe (Q3 2025), representing the most significant rise among major Indian cities, as reported on Monday.
The Delhi-NCR housing market distinguished itself with remarkable price growth in the third quarter of 2025, according to a report by Knight Frank India. This impressive surge is indicative of the persistent demand for premium and luxury properties, especially in well-established micro-markets within Gurugram and Noida.
The ongoing trend of premiumization is transforming the market, with homebuyers showing a strong inclination towards larger homes, superior amenities, and properties that are ready for occupancy or nearly completed.
While the overall sales volume stabilized after previous rapid growth phases, the underlying sales value of transactions continued to rise, enhancing buyer confidence and encouraging developers to focus on high-value launches.
"This growth is healthy and not speculative, as it is supported by authentic end-user confidence and a declining supply of quality inventory. The high-value segment is leading the charge, reaffirming NCR's position as a premier residential investment hotspot in India,” stated Mudassir Zaidi, Executive Director – North, Knight Frank India.
Despite a slight decline in overall pan-India leasing volumes compared to the exceptional results of Q3 2024, Delhi-NCR maintained steady demand.
Gross leasing was predominantly driven by sustained space acquisitions from Global Capability Centres (GCCs) and domestic corporate expansion within the BFSI and consulting sectors.
The consistent interest from occupiers, combined with a focus on high-quality, Grade A properties, exerted upward pressure on rental prices. NCR observed a positive 9 percent year-on-year growth in average office rentals during this quarter.
Key micro-markets in Gurugram, such as Cyber City and Golf Course Road, along with prime locations in Noida, remained the primary drivers of activity, benefitting from limited new supply and high occupancy rates in well-established properties, the report highlighted. The region also witnessed the delivery of 1.5 million square feet of new office space this quarter, marking a significant 42 percent increase in completions.
Point of View
It is essential to recognize the remarkable developments in the Delhi-NCR residential market. This significant growth, anchored by genuine end-user demand and economic stability, reflects a promising trend for both buyers and developers. Our focus remains on delivering accurate and insightful reporting to our audience, ensuring they are well-informed about the evolving real estate landscape in India.
NationPress
13/10/2025
Frequently Asked Questions
What factors contributed to the 19% growth in the Delhi-NCR residential market?
The growth is attributed to stable economic conditions, reduced inventory risks, and strong end-user demand for premium properties.
Which areas in Delhi-NCR are driving the residential price growth?
Key areas like Gurugram and Noida, particularly established micro-markets such as Cyber City and Golf Course Road, are leading the price growth.
How does the current market trend reflect buyer preferences?
Homebuyers are increasingly favoring larger homes with better amenities and ready-to-move-in properties, reflecting a trend of premiumization.
What is the outlook for the Delhi-NCR real estate market?
The outlook remains positive, with a strong demand for high-quality properties and continued interest from both domestic and global businesses.
Is the growth in the residential market considered speculative?
No, the growth is viewed as healthy and backed by authentic end-user confidence rather than speculative investments.
