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3d ago

NCR Property Prices Surge 81% Over Five Years Amid Luxury Housing Boom

New data reveals a dramatic shift in Delhi NCR’s real estate market, with soaring prices, reduced inventory, and a pivot to ultra-luxury housing dominating recent trends.

The National Capital Region (NCR) has recorded an 81% increase in average property price to ₹8,300 per sq ft in Q1 2025 from ₹4,580 per sq ft in 2020.(Representational Image)
Photo: IANS

Overview

  • Average property prices in Delhi NCR increased from ₹4,580 per sq ft in 2020 to ₹8,300 per sq ft in Q1 2025, marking an 81% rise.
  • Greater Noida led the region with a 98% price surge, reaching ₹6,600 per sq ft, while Noida recorded a 92% increase to ₹9,200 per sq ft.
  • Unsold housing inventory in NCR dropped by 51% over five years, with inventory overhang improving from 88 months to just 17 months.
  • The luxury and ultra-luxury segment now dominates new housing supply, with 59% of launches in 2024 priced above ₹2.5 crore, compared to just 4% in 2020.
  • Structural reforms such as RERA, the SWAMIH Fund, and PMAY (Urban) have been credited with stabilizing the market and driving investor confidence.