New Delhi – August 2025 sees the Delhi‑NCR housing market set a new record, with average home prices up 19 percent year‑on‑year in the July‑September quarter. The rise is the fastest among India’s top cities, powered by steady economic conditions, high demand for premium homes, and a shrinking supply of quality inventory.
Knight Frank India’s latest market report shows the region was the top‑growing market in the country’s third quarter of 2025. The boost comes mainly from premium and luxury properties in Gurugram and Noida, where buyers want bigger houses, better amenities, and ready‑to‑move‑in options.
While overall sales volume steadied after a surge in the past, the total value of transactions kept climbing. This tells developers that buyers stay confident and are focused on high‑end launches. “The growth is healthy, not speculative,” said Mudassir Zaidi, Executive Director – North for Knight Frank India. “It reflects genuine buyer confidence and a limited supply of quality homes, cementing NCR’s place as a booming residential investment hub.”
Leasing activity across India dipped slightly compared to the strong Q3 2024, but Delhi‑NCR remained a magnet for tenants. Corporate demand in the banking, financial services, and consulting sectors, as well as Global Capability Centres, drove office space take‑up. Office rents rose 9 percent year‑on‑year.
Key office hotspots include Gurugram’s Cyber City and Golf Course Road, and prime areas in Noida. These micro‑markets came under pressure from low new supply and high occupancy in established properties. The quarter delivered 1.5 million square feet of new office space, a 42 percent jump in completions.
The trend signals that Delhi‑NCR will stay on the front of India’s residential and commercial real‑estate markets, with premium properties and high‑quality office space leading the charge.
Source: ianslive
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