Delhi-NCR Records Highest Housing Price Surge Among Top 7 Cities: Anarock
Delhi-NCR's primary housing market witnessed a 24% annual increase in property prices during the July-September quarter, driven by strong demand, particularly for luxury homes, according to Anarock.
Housing PricesReal EstateDelhincrAnarockLuxury HomesReal Estate NewsOct 05, 2025
Real estate consultant Anarock data showed that the average price of residential properties across Delhi-NCR rose to Rs 8,900 per sq ft during July-September from Rs 7,200 per square foot in the year-ago period.
Gurugram, Noida, Greater Noida, Delhi, and Ghaziabad are major markets in Delhi-NCR.
Overall, across seven major cities of India, the consultant mentioned that the housing prices rose 9% to Rs 9,105 per sq ft from Rs 8,390 per sq ft. Among these cities, Delhi-NCR saw the maximum rise of 24%.
Mumbai Metropolitan Region (MMR) remained the most expensive housing market. Housing prices in MMR rose 6% to Rs 17,230 per sq ft from Rs 16,300 per sq ft.
In Bengaluru, the prices appreciated by 10% to Rs 8,870 per square foot from Rs 8,100 per square foot. The prices of residential properties in Pune increased 4% to Rs 7,935 per square foot from Rs 7,600 per square foot.
In Hyderabad, the prices rose 8% to Rs 7,750 per square foot from Rs 7,150 per sq ft. The average housing prices in Chennai increased 5% to Rs 7,010 per square foot from Rs 6,680 per sq ft.
Housing prices in Kolkata rose 6% to Rs 6,060 per sq ft during July-September from Rs 5,700 per sq ft in the corresponding period of the preceding year.
Gaurs CMD Manoj Gaur, said, 'The 24% surge in NCR's housing prices marks a structural realignment in end-users' behaviour. We are seeing homebuyers prioritising ownership in well-planned, lifestyle-led cities, seeking residences that reflect both aspiration and stability'.
Ashok Kapur, Chairman of Krisumi Corporation, said the noticeable surge in housing prices in Delhi-NCR clearly underlines the sustained demand for quality homes across segments. 'Despite economic fluctuations and evolving buyer preferences, real estate continues to demonstrate resilience and long-term growth potential. Homebuyers today are not merely investing in property; they are seeking better lifestyles, modern amenities, and value-driven living spaces,' Kapur said.
Realty firm BPTP Ltd CEO Manik Malik said the surge in demand for luxury homes in Delhi-NCR is a testament to rising affluence and global aspirations. He said the improvement in infrastructure has also fuelled both demand and prices of residential properties in the Delhi-NCR market.
Ashish Jerath, President, Sales & Marketing of Smartworld Developers, said, 'While Gurugram is a mature market where price increases have been supported by new infrastructure developments like the Dwarka Expressway and the opening of UER 2, Noida is rapidly developing as a luxury-focused market, with new launches benefiting from the upcoming international airport and superior infrastructure'. These trends are reflected in the increasing average sale prices in both key NCR markets, he added.
Gurugram-based real estate brokerage firm VS Realtors (I) Pvt Ltd founder and CEO Vijay Harsh Jha said the rate of price growth going forward could see some moderation in view of the decline in sales and launches.
As per the Anarock data, the housing prices across these seven cities grew by 1-3% during the July-September period compared to the preceding April-June quarter, reflecting moderation in the price rise after a steep increase post COVID pandemic.
Frequently Asked Questions
Which city saw the highest increase in housing prices?
Delhi-NCR saw the highest increase in housing prices, with a 24% annual rise during the July-September period.
What is the average price of residential properties in Delhi-NCR?
The average price of residential properties in Delhi-NCR increased to Rs 8,900 per sq ft during July-September from Rs 7,200 per sq ft in the year-ago period.
What factors contributed to the rise in housing prices in Delhi-NCR?
The rise in housing prices in Delhi-NCR is attributed to better demand, especially for luxury homes, and improvements in infrastructure.
Which city is the most expensive housing market in India?
Mumbai Metropolitan Region (MMR) remains the most expensive housing market in India, with prices rising 6% to Rs 17,230 per sq ft.
How have housing prices in other major cities changed?
Housing prices in other major cities like Bengaluru, Pune, Hyderabad, Chennai, and Kolkata have also seen increases, ranging from 4% to 10%.
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