Delhi-NCR Races Ahead of Mumbai, Bengaluru in Market

New Delhi, July 9, 2025: Delhi-NCR’s housing market is surging with a momentum that has outpaced its metro counterparts—and the numbers speak for themselves.

A PropEquity report showed a projected 16 per cent rise in housing sales for the April–June quarter. It further highlights that over 11,700 units are expected to be sold compared to 10,114 units during the same period last year. Unlike Mumbai and Bengaluru, which continue to grapple with saturation, NCR’s real estate is being driven by a rare blend of buyer confidence and active supply pipelines.

With a 37 per cen rise from the previous year, developers in Delhi-NCR are making a strong push on the supply side, bringing 13,823 units to market in a single quarter. The market has solid fundamentals and a robust absorption rate, as seen by the fact that demand exceeds supply.

Moreover, the demand surge in Delhi-NCR is the result of various favourable factors. The growing appetite for luxury and upper-mid segment homes is being fuelled by discerning buyers who are no longer compromising on quality or location. Add to that the comfort of stable interest rates, minimal inventory overhang and massive infrastructure upgrades like the Dwarka Expressway and the upcoming Noida International Airport. NRIs and millennials are stepping in with long-term intent, further validating that Delhi-NCR’s property market is evolving into a premium, future-ready destination.

Sahil Agrawal, CEO, Nimbus Group, says, “We have observed that demand is comfortably outpacing supply in Delhi-NCR. Buyers are more informed, seeking value, lifestyle and future growth, and they’re finding that in NCR. As developers, we’ve seen strong traction from end-users and investors, especially in areas like Noida-Greater Noida and sectors along the Yamuna Expressway.”

He adds, “With the expected 16 per cent (as per PropEquity report) rise in housing sales, we believe this momentum signals a long-term transformation of the region into a stable, premium-led housing hub.”

Ishaan Singh, Director, AIPL, says, “The Delhi-NCR market has undeniably entered a new phase of accelerated growth, marked by a decisive tilt towards premium living. Across the region, buyers are seeking lifestyle upgrades, future-ready infrastructure and developer credibility. This shift is most visible in the rising demand for high-quality projects that blend location advantage with modern amenities and sustainable design. Nowhere is this transformation more pronounced than in Gurugram, where micro-markets like Dwarka Expressway are emerging as magnets for affluent buyers. Hence, we expect this momentum to strategically grow and sustain for years.”

Besides, developer sentiment in Delhi-NCR is bullish. Most new launches are skewed towards the premium segment with reputed players doubling down on high-value offerings that cater to evolved buyer expectations. Gurugram and Noida, in particular, have become hotspots of fresh inventory with developers strategically ramping up supply in well-connected, emerging micro-markets. From Dwarka Expressway to sectors along the Noida Expressway, the focus is clear: quality over quantity and long-term value over short-term churn.

Mihir Jha, Head, Sales, Better Choice Realtors Pvt Ltd., says, “Delhi-NCR’s property surge is a confluence of multiple positive shifts, including policy reforms, high-end infrastructure rollout and aspirational buyers moving up the value chain. We are witnessing a luxury-led recovery wherein buyers are prioritising location, brand trust and future liveability. The 37 per cent rise in new supply shows the market’s depth, and we believe the best is yet to come.”