Housing prices rise in Delhi NCR region amid limited supply
The Delhi NCR region has experienced a substantial increase in housing prices during Q1 2025, according to the latest market report by Anarock Property Consultants. The average residential property prices have risen by 8.5% year-on-year, with Gurgaon and Noida seeing the highest appreciation at 9.2% and 8.7% respectively.
Industry experts attribute this growth to a combination of factors, including limited new supply, rising construction costs, and steady demand from end-users. "The inventory overhang has reduced significantly, creating an upward pressure on prices," said Anuj Puri, Chairman of Anarock Group. "Additionally, the rising costs of construction materials have forced developers to increase prices to maintain profit margins."
The report also highlights a shift in buyer preferences towards larger homes and integrated townships offering better amenities and infrastructure. Projects with smart home features and sustainability credentials are commanding premium prices in the market.