Delhi-NCR Real Estate Market Remains Stable in Q1 2025: PropTiger Report
The PropTiger Q1 2025 report reveals that while average housing prices in key Indian markets have stabilized, Delhi-NCR's real estate market remains resilient, with prices holding steady at ₹8,106 per square foot.
Real EstateDelhincrProptigerHousing PricesInfrastructureReal Estate NewsMay 23, 2025
Delhi-NCR’s real estate market, traditionally one of India’s most dynamic, has entered a phase of stability. According to the PropTiger report, the average pricing in Delhi-NCR remained stable in Q1 2025 at ₹8,106 per square foot, which was the same as the previous quarter’s data. This plateau comes after 2024, when prices in the area rose 32% year over year, making it the most expensive of India’s top eight cities at the time. The present moderation is thought to be a beneficial adjustment that will probably boost end-user involvement and curb speculative activity.
Mr. Harinder Dhillon, National Sales Head, BPTP, said, “The report indicating stable housing prices in key markets like Mumbai and Delhi during the January–March quarter is a positive sign of market resilience. In the NCR region, the Dwarka Expressway continues to emerge as a bright spot – driven by sustained infrastructure development and growing end-user demand. With major connectivity projects nearing completion and increasing interest from both developers and buyers, the corridor is gaining momentum. It is set to play a significant role in driving the region’s real estate growth in the coming months.”
The region’s continuous infrastructure developments, particularly the expanding metro network and the operational Delhi-Meerut Expressway, RRTS, expansion of Dwarka expressway, and many more have enhanced connectivity and stimulated housing demand in previously underserved corridors.
Mr. Yashank Wason, Managing Director, Royal Green Realty, commented on the latest PropTiger Q1 2025 report, noting a significant shift in the Delhi-NCR real estate landscape. “The average housing price in the region has now stabilized at ₹8,106 per sq ft, following a phase of rapid appreciation. This stabilization marks a key turning point, reflecting a transition towards a more end-user-driven market and setting the stage for sustainable, long-term growth. With speculative activity tapering off and market fundamentals gaining strength, Delhi-NCR is well-positioned to experience steady development that will benefit both homebuyers and developers alike.”
Delhi-NCR’s resilience is underpinned by robust infrastructure upgrades, the emergence of new micro-markets, and strong demand for both ready-to-move-in and affordable housing. Major projects such as metro expansions, major expressways, and the upcoming Jewar Airport are expected to further boost the region’s long-term prospects. According to PropTiger’s leadership, this stabilizing trend is critical for sustaining investor confidence and ensuring affordability for genuine homebuyers, setting the stage for steady, sustainable growth throughout 2025.
In conclusion, while transaction volumes have softened, the Delhi-NCR residential market’s price stability in the face of national challenges indicates underlying strength and sets it up for steady, robust development in the upcoming quarters.
Frequently Asked Questions
What is the current average housing price in Delhi-NCR according to the PropTiger Q1 2025 report?
The current average housing price in Delhi-NCR, as per the PropTiger Q1 2025 report, is ₹8,106 per square foot.
How has the real estate market in Delhi-NCR performed compared to other key Indian markets in Q1 2025?
The real estate market in Delhi-NCR has remained stable, with average housing prices holding steady at ₹8,106 per square foot, while other key Indian markets have also shown stability in housing prices.
What factors are driving the real estate growth in the Dwarka Expressway corridor?
The Dwarka Expressway corridor is gaining momentum due to sustained infrastructure development, growing end-user demand, and major connectivity projects nearing completion.
How does the stabilization of housing prices in Delhi-NCR benefit the market?
The stabilization of housing prices in Delhi-NCR is beneficial as it boosts end-user involvement, curbs speculative activity, and sets the stage for sustainable, long-term growth.
What are some major infrastructure projects in Delhi-NCR that are expected to boost the real estate market?
Major infrastructure projects such as the expanding metro network, operational Delhi-Meerut Expressway, RRTS, expansion of Dwarka expressway, and the upcoming Jewar Airport are expected to boost the real estate market in Delhi-NCR.
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