The Delhi-National Capital Region (NCR) real estate market is undergoing a significant transformation. For years, the market has been a hotbed of activity, but recent trends suggest a new era of growth. Experts agree that the biggest catalysts for this change are massive infrastructure projects and planned urban development. This dynamic shift is redefining the region, creating new opportunities for homebuyers, investors, and developers. It highlights a simple truth: if you want to understand the future of the NCR real estate market, you must first look at the foundations being built beneath it.
The numbers tell a compelling story. According to a JLL report, luxury housing sales in Delhi-NCR have risen by an impressive 9% in the first half of 2025 compared to the same period in 2024. The region now accounts for a staggering 65% of all luxury housing sales across India’s top seven cities. This is not a sudden spike. The share of luxury homes in the region’s total sales has grown consistently—from 12% in the first half of 2023 to 19% in the first half of 2024, and now to 27% in the first half of 2025. This upward trend proves that infrastructure is the real engine of growth in NCR real estate. Gurugram, in particular, has emerged as a clear leader, contributing a massive 91% of all luxury home sales in the NCR.
Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group, suggests that the market is entering a new era. This is driven by transformative infrastructure projects. Micro-markets like New Gurgaon, Southern Peripheral Road (SPR), and Dwarka Expressway are seeing a heightened interest because of improved connectivity and planned urban development. For developers, the focus is on creating integrated projects that leverage these growth corridors. This approach offers both lifestyle value and robust investment potential for buyers and businesses. This philosophy is crucial for the future of NCR real estate.
The long-awaited Dwarka Expressway is one of the key projects unlocking new growth corridors. It provides a seamless link between Delhi and Gurugram, significantly cutting down travel time and opening up previously overlooked areas for development. Similarly, the expansion of the Golf Course Extension Road and the SPR is pulling the city outward, creating new, integrated residential and commercial pockets. This decentralization is a positive sign for the market. It prevents the saturation of core urban areas and distributes growth more evenly. Such projects are vital to sustain the momentum in the NCR real estate market.
Beyond roads, metro expansions are steadily weaving Noida, Greater Noida, Gurugram, and Delhi into a tighter urban fabric. These connectivity upgrades make once-remote zones high-demand markets, multiplying real estate and retail opportunities. The Regional Rapid Transit System (RRTS) corridors also promise to reduce travel times dramatically, changing how people commute and live. These developments have a direct impact on the value of homes and commercial properties. They make living farther from the city center a more viable and attractive option for many. Consequently, the NCR real estate market is more accessible than ever.
The retail sector is also experiencing a boom. According to CBRE, the demand for retail spaces in malls and high streets in NCR rose by 25% between January and June. This reflects both fresh supply and growing appetite from retailers. With vacancies at historic lows and major fashion brands leading the charge, developers believe the momentum will continue across both prime city locations and upcoming hubs. Pankaj Jain, Founder and CMD, SPJ Group, noted that retail is no longer confined to traditional hubs. It is now moving to high-potential micro-markets that are drawing in young families and professionals with rising purchasing power. He believes the real opportunity lies in creating curated retail ecosystems that blend shopping, dining, and experiences. This is a crucial element for a healthy NCR real estate market.
In conclusion, the symbiotic relationship between infrastructure and real estate is clear. The massive investments in roads, expressways, and public transport are not just about making commutes easier. They are about creating a new urban landscape that is more connected, efficient, and valuable. The rise in luxury housing sales and retail demand is a direct result of these efforts. This trend is expected to continue as more projects come to fruition. Therefore, the future of NCR real estate looks promising, driven by a foundation of strategic development.
Source : IndiaTV
