Delhi-NCR Real Estate Market Booms with 10,245 New Housing Units in Q3 2025
Delhi-NCR's real estate market witnessed the launch of 10,245 new housing units in the third quarter of 2025, with Gurugram leading the luxury segment. Prices and rental values saw significant growth in key areas.
DelhincrReal EstateHousing UnitsGurugramNoidaReal EstateOct 02, 2025
As for prices, the weighted average launch price during this quarter stood at approximately ₹15,175 per square foot, marking a 30% quarter-on-quarter rise, though it was 3% lower on a year-on-year basis, according to Cushman & Wakefield's Market Beat Delhi-NCR Residential Q3 2025 report.
High-end residential areas in NCR experienced a 5-6% annual capital appreciation. Gurugram and Noida led the growth, with prices rising 12% and 10%, respectively, on a year-on-year basis. Rental values saw modest improvements, increasing by 1-2% quarter-on-quarter and 4-6% year-on-year. The luxury segment in Gurugram saw the highest rental growth, with values rising by 10% compared to the previous year.
New Gurgaon and Dwarka Expressway emerged as the most active submarkets, accounting for 23% and 20% of launches, respectively, while Greater Noida contributed 14%, the report noted. Residential unit launches in the NCR during the first nine months of 2025 were 10% lower compared to similar periods last year.
Improved and hassle-free connectivity to the IGI Airport, evolving social infrastructure, affordability relative to central Gurgaon, and strong return prospects are driving residential activity in New Gurgaum and Dwarka Expressway, the C&W’s MarketBeat report said. Gurugram remained the preferred destination for luxury housing, contributing 87% of luxury launches during the quarter, the report noted.
Gautam Buddha Nagar, which covers Noida, Greater Noida, and Yamuna Expressway, has gained momentum with 10,242 launches across the first nine months of 2025, a 54% increase on a year-on-year basis, supported by robust infrastructure development, competitive pricing, and growth expectations around the Noida International Airport, it noted.
The mid-end segment drove supply in Q3, taking a 51% share of new launches, followed by high-end (26%) and luxury (22%) projects. Luxury launches during the quarter fell by 30% on a year-on-year basis, the report noted.
The weighted average launch price in Q3-25 stood at approximately ₹15,175 per sq ft, reflecting a 30% quarter-on-quarter increase despite being 3% lower on a year-on-year basis. High-end residential submarkets in NCR recorded annual capital appreciation of 5-6%, the report said.
Gurugram and Noida witnessed stronger growth, with prices rising 12% and 10% on a year-on-year basis, respectively. Rental values improved modestly, up 1-2% quarter-on-quarter and 4-6% over the year. Gurugram’s luxury segment recorded the highest rental growth of 10% compared to last year, the report added.
Frequently Asked Questions
How many new housing units were launched in Delhi-NCR in Q3 2025?
10,245 new housing units were launched in Delhi-NCR in Q3 2025.
Which city in NCR saw the highest number of luxury housing launches?
Gurugram saw the highest number of luxury housing launches, contributing 87% of luxury launches in the region.
What was the weighted average launch price per square foot in Q3 2025?
The weighted average launch price per square foot in Q3 2025 was approximately ₹15,175.
Which submarkets in NCR were the most active in Q3 2025?
New Gurgaon and Dwarka Expressway were the most active submarkets, accounting for 23% and 20% of launches, respectively.
What factors are driving residential activity in New Gurgaum and Dwarka Expressway?
Improved connectivity to the IGI Airport, evolving social infrastructure, affordability relative to central Gurgaon, and strong return prospects are driving residential activity in New Gurgaum and Dwarka Expressway.
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