Why Delhi-NCR is Outpacing Mumbai and Bengaluru in the Real Estate Market
Delhi-NCR's housing market is experiencing a significant surge, driven by robust supply, buyer confidence, and major infrastructure projects. Unlike Mumbai and Bengaluru, which face saturation, NCR is becoming a premium destination for both investors and end-users.
DelhincrReal EstateProperty MarketInfrastructureLuxury HomesReal Estate MumbaiJul 05, 2025
With a 37% rise from the previous year, developers in Delhi-NCR are making a strong push on the supply side, bringing 13,823 units to market in a single quarter. The market has solid fundamentals and a robust absorption rate, as seen by the fact that demand is still exceeding supply.
Moreover, the current demand surge in Delhi-NCR is the result of various favourable factors. The growing appetite for luxury and upper-mid segment homes is being fuelled by discerning buyers who are no longer compromising on quality or location. Add to that the comfort of stable interest rates, minimal inventory overhang, and massive infrastructure upgrades like the Dwarka Expressway and the upcoming Noida International Airport. NRIs and millennials are stepping in with long-term intent, further validating that Delhi-NCR’s property market is evolving into a premium, future-ready destination.
Sahil Agrawal, CEO, Nimbus Group, says, “We have observed that demand is comfortably outpacing supply in Delhi-NCR. Buyers are more informed, seeking value, lifestyle, and future growth, and they’re finding that in NCR. As developers, we’ve seen strong traction from end-users and investors, especially in areas like Noida-Greater Noida and sectors along the Yamuna Expressway. With the expected 16% (as per PropEquity report) rise in housing sales, we believe this momentum signals a long-term transformation of the region into a stable, premium-led housing hub.”
Ishaan Singh, Director, AIPL, says, “The Delhi-NCR market has undeniably entered a new phase of accelerated growth, marked by a decisive tilt towards premium living. Across the region, buyers are seeking lifestyle upgrades, future-ready infrastructure, and developer credibility. This shift is most visible in the rising demand for high-quality projects that blend location advantage with modern amenities and sustainable design. Nowhere is this transformation more pronounced than in Gurugram, where micro-markets like Dwarka Expressway are emerging as magnets for affluent buyers. Hence, we expect this momentum to strategically grow and sustain for years.”
Besides, developer sentiment in Delhi-NCR is bullish, and rightly so. Most new launches are skewed towards the premium segment, with reputed players doubling down on high-value offerings that cater to evolved buyer expectations. Gurugram and Noida, in particular, have become hotspots of fresh inventory, with developers strategically ramping up supply in well-connected, emerging micro-markets. From Dwarka Expressway to sectors along the Noida Expressway, the focus is clear: quality over quantity, and long-term value over short-term churn.
Mihir Jha, Head-Sales, Better Choice Realtors Pvt Ltd., says, “Delhi-NCR’s property surge is a confluence of multiple positive shifts, including policy reforms, high-end infrastructure rollout, and aspirational buyers moving up the value chain. We are witnessing a luxury-led recovery, where buyers are prioritising location, brand trust, and future livability. The 37% rise in new supply shows the market’s depth, and we believe the best is yet to come.”
Thus, the housing market in Delhi-NCR is expected to have a positive outlook in the second half of 2025. As infrastructural projects get closer to completion and investor confidence is strengthened by regulatory stability, NCR is well-positioned to not only hold onto but also grow its standing as India’s most vibrant housing market.
Frequently Asked Questions
What is driving the growth in Delhi-NCR's real estate market?
The growth in Delhi-NCR's real estate market is driven by a combination of factors including robust supply, buyer confidence, and major infrastructure projects like the Dwarka Expressway and the upcoming Noida International Airport.
How does the demand in Delhi-NCR compare to the supply?
Demand in Delhi-NCR is currently exceeding supply, with a projected 16% rise in housing sales for the April–June 2025 quarter, and a 37% rise in new supply from the previous year.
What segments of the market are seeing the most growth?
The luxury and upper-mid segment homes are seeing the most growth, driven by discerning buyers who are no longer compromising on quality or location.
What are some key infrastructure projects in Delhi-NCR?
Key infrastructure projects in Delhi-NCR include the Dwarka Expressway, the Noida International Airport, and the Yamuna Expressway, which are enhancing connectivity and attractiveness for buyers.
What is the outlook for the Delhi-NCR housing market in 2025?
The outlook for the Delhi-NCR housing market in 2025 is positive, with expectations of continued growth and transformation into a premium, future-ready destination, supported by regulatory stability and ongoing infrastructure developments.
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