It’s no secret that the property market in and around Delhi has been buzzing lately, but the latest numbers are truly eye-opening. If you’ve been thinking about buying a home in the National Capital Region (NCR), you might want to sit down for this. Over the last five years, Delhi-NCR property prices have skyrocketed by an incredible 81 percent. Yes, you read that right, 81 percent!
Let’s put that in perspective. Back in the first quarter of 2020, the average price for a property in the NCR was around ₹4,580 per square foot. Fast forward to the first quarter of 2025, and that same square foot will now set you back an average of ₹8,300. This isn’t just a small jump; it’s a giant leap that has turned the region into one of the hottest real estate markets in the country.
While the entire NCR has seen this phenomenal growth, some areas have been more supercharged than others. Greater Noida takes the crown with a jaw-dropping 98 percent increase in property prices. Noida is not far behind with a 92 percent jump, and the ever-popular Gurugram has seen an 84 percent surge. Even Delhi itself, with its already high prices, has seen a respectable 38 percent increase.
So, what’s fueling this incredible boom? It’s a combination of factors. A major driver is the massive infrastructure development in the region. Projects like the Dwarka Expressway and the expansion of the metro network have made commuting easier and opened up new areas for development. This has, in turn, made these places more attractive to homebuyers and investors.
But it’s not just about new roads and metro lines. There’s also been a significant shift in what people are looking for in a home. The demand for luxury and ultra-luxury homes has gone through the roof. It seems that today’s buyers, especially the young professionals and entrepreneurs, are looking for more than just a place to live. They want a lifestyle, complete with all the bells and whistles like smart home automation, wellness centers, and exclusive clubhouses. Developers have been quick to cater to this demand, launching a slew of high-end projects that are selling out in record time.
What’s perhaps most encouraging is that this boom seems to be built on a solid foundation. The number of unsold properties in the NCR has more than halved in the last five years. This indicates that the demand is real and that people are buying homes to live in, not just for a quick speculative profit. With regulatory reforms like the Real Estate Regulation Act (RERA) making the market more transparent and trustworthy, the future of real estate in the Delhi-NCR looks bright. If you’re a homeowner in the region, you’re likely sitting on a very valuable asset. And if you’re looking to buy, well, it seems the old adage of “the best time to buy was yesterday” has never been more true.
Source :- Business News This Week
