Current Growing Market Trends for Delhi NCR's Luxury Real Estate Market

No Doubt, Delhi NCR dominates the Indian Real Estate Sector, especially the Luxury Housing Segment. The remarkable growth in key cities like Delhi, Gurugram, Ghaziabad and Noida attract investors and make these cities hotbeds for Real Estate Investments. The reason behind this transformation is rapid urbanization, a hike in disposable incomes and the people who are looking for luxury lifestyles tailored to their unique needs. Let’s discuss some upcoming Real Estate Trends for Delhi-NCR.

Current Growing Market Trends for Delhi NCR

Current Market Trends

According to a report by PropTiger, Delhi NCR’s Luxury Real Estate Market has witnessed a significant amount of boost in sales. In July-September 2023 the property sales were around 7,800 units, it sees a 29% hike in the same period July-September 2024 as the sale reached 10,098 units. The robust investment Potential and the demand for high-end properties contributed to this upswing and helped Delhi maintain its status as the searched Real Estate Market in India. All this makes investors and end users confident about investing in Delhi.

Growing Mirco-Markets

Gurugram has seen a rise in new project launches thanks to the infrastructural advancement, tech innovations and regulatory reforms here. Gurugram has some micro markets such as New Gurugram, Dwarka Expressway, Southern Peripheral Road and Sohna Road and these micro markets are now becoming focal points for investors, homebuyers and realty hubs as well.

And if we talk about Noida and Greater Noida, that region on Yamuna Expressway is growing rapidly in both Residential and Commercial Property segments. For the last 5 years, Yamuna Expressway has seen a significant escalation in the price range as well. For flats, it ranges between Rs.7,900 to Rs.8,100 per sq. ft. and for lands, it is Rs.6,900 to Rs.7,100. The Jewar Airport, DMIC (Delhi Mumbai Industrial Corridor) and other such projects make this region a magnet for investors and buyers.

Luxury Housing

As we said earlier, the infrastructural development is at its peak in Delhi NCR and that’s why the Luxury Housing market is evolving. It is emphasizing sustainability and eco-conscious as well. The developers here are thinking smart and incorporating many aesthetically appealing features such as green spaces, using eco-friendly materials, and designing properties likely to maximize natural light. Such features not only reduce energy consumption but operational costs as well. That’s why long-term investors are more likely to be attracted to luxury housing.

Looking Ahead

This upward trajectory for Delhi NCR is poised to continue, thanks to the increasing appetite for premium luxury lifestyle people are having in both residential and commercial segments. Not to forget the economic growth and the infrastructural developments that are supporting this upward trajectory and working like a backbone. For micro-markets, this is the region that creates wealth creation opportunities for investors and those buyers who are looking to capitalize in this thriving sector.