Delhi-NCR: A Thriving Real Estate Market Outpacing Mumbai and Bengaluru
Delhi-NCR is witnessing a significant surge in housing sales, with a projected 16% increase in the April–June 2025 quarter. This growth is driven by government reforms and the development of new areas like Dwarka Expressway and New Gurugram.
Real EstateDelhincrLuxury HomesHousing SalesGovernment ReformsReal Estate MumbaiJun 30, 2025
In terms of new housing supply, approximately 13,823 new units have entered the market, representing a 37% increase from the previous year. This surge in demand is driven by a growing interest in luxury homes and the ongoing launch of new projects.
PropEquity CEO Sameer Jasuja notes that areas like Ghaziabad and Greater Noida have seen significant increases in new supply, contributing to the overall growth in the NCR.
During this period, major real estate company DLF launched its new luxury project, DLF Privana North, in Gurugram, comprising 1,164 flats valued at around Rs 11,000 crore, all of which were sold. In May, Smartworld Developers and Tribeca Developers jointly launched an ultra-luxury project under the ‘Trump’ brand in Gurugram, selling all 298 units for Rs 3,250 crore.
Luxury homes have become commonplace in Gurugram, especially among young buyers. Mohit Agarwal, Business Head of Conscient Infrastructure, explains that young buyers are attracted to such projects due to their investment mindset and lifestyle expectations.
Additionally, in May, Whiteland Corporation announced the launch of Westin Residences in Gurugram, in collaboration with the international brand Marriott. This marks the first housing project under the Westin brand in India.
While some market stagnation is visible in cities like Mumbai and Bengaluru, Delhi-NCR is experiencing a boom. Jasuja attributes this to government reforms and the rapid development of new areas such as Dwarka Expressway and New Gurugram.
Whiteland Corporation’s director Sudeep Bhatt describes NCR as a dynamic real estate zone offering excellent connectivity, international facilities, and good investment opportunities.
Dwarka Expressway, in particular, is emerging as a new luxury standard. BPTP has launched the first phase of its Amstoria Verti-Greens project on Dwarka Expressway.
Harinder Dhillon, BPTP’s National Sales Head, highlights the area’s developing infrastructure and growing buyer interest, predicting that this region will drive new momentum in NCR’s real estate market in the coming months.
Frequently Asked Questions
What is driving the increase in housing sales in Delhi-NCR?
The increase in housing sales in Delhi-NCR is driven by government reforms, the development of new areas like Dwarka Expressway and New Gurugram, and a growing interest in luxury homes.
Which areas in NCR are seeing significant increases in new supply?
Areas like Ghaziabad and Greater Noida are seeing significant increases in new supply, contributing to the overall growth in the NCR.
What notable luxury projects have been launched in Gurugram recently?
Major projects like DLF Privana North, the ‘Trump’ brand project by Smartworld Developers and Tribeca Developers, and the Westin Residences by Whiteland Corporation have been launched in Gurugram recently.
Why are young buyers attracted to luxury homes in Gurugram?
Young buyers are attracted to luxury homes in Gurugram due to their investment mindset and lifestyle expectations, as explained by Mohit Agarwal, Business Head of Conscient Infrastructure.
What role is Dwarka Expressway playing in the NCR real estate market?
Dwarka Expressway is emerging as a new luxury standard with projects like BPTP’s Amstoria Verti-Greens, contributing to the growth and development of the NCR real estate market.
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