Delhi-NCR Sees 24% Rise in Housing Prices in Q3 2025: Anarock Report
Housing prices in Delhi-NCR surged by 24% year-on-year during the July-September 2025 period, driven by increased demand, especially for luxury homes, according to a report by Anarock.
Housing PricesReal EstateDelhincrAnarockLuxury HomesReal Estate MumbaiOct 06, 2025
The average price of residential properties across the NCR rose to Rs 8,900 per square foot during this period, up from Rs 7,200 per square foot in the year-ago period. Gurugram, Noida, Greater Noida, Delhi, and Ghaziabad are the major markets driving this trend.
Overall, across seven major cities in India, housing prices increased by 9% to Rs 9,105 per square foot from Rs 8,390 per square foot. Among these cities, Delhi-NCR saw the most significant rise, while Mumbai Metropolitan Region (MMR) remained the most expensive housing market. Housing prices in MMR increased by 6% to Rs 17,230 per square foot from Rs 16,300 per square foot.
In Bengaluru, the prices appreciated by 10% to Rs 8,870 per square foot from Rs 8,100 per square foot. Residential property prices in Pune rose by 4% to Rs 7,935 per square foot from Rs 7,600 per square foot. In Hyderabad, prices increased by 8% to Rs 7,750 per square foot from Rs 7,150 per square foot. The average housing prices in Chennai increased by 5% to Rs 7,010 per square foot from Rs 6,680 per square foot. Housing prices in Kolkata rose by 6% to Rs 6,060 per square foot from Rs 5,700 per square foot.
Manoj Gaur, CMD of Gaurs, commented, “The 24% surge in NCR’s housing prices marks a structural realignment in end-users’ behavior. We are seeing homebuyers prioritizing ownership in well-planned, lifestyle-led cities, seeking residences that reflect both aspiration and stability.”
Ashok Kapur, Chairman of Krisumi Corporation, noted that the noticeable surge in housing prices in Delhi-NCR clearly underscores 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.
Manik Malik, CEO of BPTP Ltd, highlighted that the surge in demand for luxury homes in Delhi-NCR is a testament to rising affluence and global aspirations. He also mentioned that improvements in infrastructure have fueled both demand and prices in the residential property market.
Ashish Jerath, President of Sales and Marketing at Smartworld Developers, pointed out that Gurugram, a mature market, has seen price increases supported by new infrastructure developments like the Dwarka Expressway and the opening of UER 2. Noida, on the other hand, is rapidly developing as a luxury-focused market, with new launches benefiting from the upcoming international airport and superior infrastructure.
Vijay Harsh Jha, founder and CEO of VS Realtors (I) Pvt Ltd, suggested that the rate of price growth going forward could see some moderation due to a decline in sales and launches. According to Anarock data, 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.
A recent joint report by JLL and NAREDCO indicated that metropolises, including Mumbai and Pune, saw a rise in housing sales growth post-COVID. Total annual sales nearly doubled to 1.05 lakh units between 2022 and the first six months of 2025, compared to 46,528 units between 2016 and 2019. Mumbai experienced capital appreciation of approximately 28% between 2019 and the first half of 2025, with the highest growth rate of over 10% in 2023. Premium housing has increased from 43% to 59% of total launches in Maharashtra between 2022 and the first half of 2025.
Frequently Asked Questions
What is the average price of residential properties in Delhi-NCR as of July-September 2025?
The average price of residential properties in Delhi-NCR as of July-September 2025 is Rs 8,900 per square foot.
What is the percentage increase in housing prices in Delhi-NCR compared to the year-ago period?
Housing prices in Delhi-NCR increased by 24% year-on-year during the July-September 2025 period.
Which city among the seven major cities saw the highest increase in housing prices?
Delhi-NCR saw the highest increase in housing prices among the seven major cities, with a 24% rise.
What are the major markets in the Delhi-NCR region?
The major markets in the Delhi-NCR region are Gurugram, Noida, Greater Noida, Delhi, and Ghaziabad.
What factors are contributing to the surge in housing prices in Delhi-NCR?
The surge in housing prices in Delhi-NCR is attributed to increased demand, particularly for luxury homes, and improvements in infrastructure.
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