Delhi-NCR Reports Highest Housing Price Growth Twenty Four Percent Among Seven Cities

Delhi-NCR recorded the fastest growth in housing prices among India’s top seven real estate markets, with residential rates rising 24 percent in the July–September 2025 quarter, according to market analysts. The increase reflects sustained demand for premium urban housing despite an overall moderation in property price growth across major cities.

Data shows that average residential prices in Delhi-NCR climbed to ₹8,900 per sq ft in Q3 2025, up from ₹7,200 per sq ft in the same period last year. Bengaluru followed with a 10 percent annual rise, reaching ₹8,870 per sq ft from ₹8,100 per sq ft. Across the seven major cities — Delhi-NCR, Mumbai, Bengaluru, Chennai, Kolkata, Pune, and Hyderabad — the collective annual price growth moderated to 9 percent, rising to ₹9,105 per sq ft from ₹8,390 per sq ft. Mumbai Metropolitan Region (MMR) retained its position as the most expensive market, with residential rates increasing by 6 percent to ₹17,230 per sq ft. Pune saw a 4 percent rise to ₹7,935 per sq ft, while Hyderabad recorded an 8 percent increase to ₹7,750 per sq ft. Chennai and Kolkata observed more modest growth at 5 percent and 6 percent respectively.

Despite rising property values, new housing supply faced a decline in most cities. Delhi-NCR experienced an 11 percent yearly drop in new launches, adding approximately 12,645 units in Q3 2025, with luxury homes comprising around 70 percent of new stock. Quarterly comparisons indicate a sharper 33 percent decline compared to Q2 2025, suggesting a cautious developer sentiment in response to high input costs and regulatory pressures. Sales trends also varied, with MMR leading in units sold at roughly 30,260, followed by Pune at 16,620. Most markets recorded a year-on-year decline in sales, except for Chennai and Kolkata, which saw increases of 33 percent and 4 percent respectively. Analysts note that high-demand corridors, particularly in Delhi-NCR, continue to absorb inventory, sustaining price growth even as overall supply softens.

Experts emphasise that sustainable urban planning and efficient infrastructure development will remain critical to support this growth without exacerbating carbon footprints or urban congestion. Integrated transport networks and equitable housing policies are seen as key to ensuring that housing markets grow responsibly alongside city expansion. With Delhi-NCR at the forefront, India’s housing landscape is demonstrating both resilience and selectivity, underscoring the interplay between demand, affordability, and long-term urban sustainability.

Delhi-NCR Reports Highest Housing Price Growth Twenty Four Percent Among Seven Cities