Over the years, Delhi-NCR has firmly established itself as India’s luxury real estate powerhouse, witnessing an unprecedented surge in high-end property sales and investor confidence. According to PropEquity, the region surpassed Mumbai and Hyderabad to emerge as the top-selling housing market in 2024, driven by a 66% growth in sales value in Gurugram alone. The report also noted that with this performance, Delhi-NCR’s share of the national home sales value rose from 16% in 2023 to 23% in 2024.
Meanwhile, a joint report by CREDAI, Colliers, and Liases Foras highlights Dwarka Expressway as India’s fastest-growing real estate corridor. Property prices along the expressway saw a 58% year-on-year (YoY) surge during the October–December 2024 quarter—outpacing all other major cities and micro-markets. This record growth has positioned Dwarka Expressway as the hottest investment destination in both Delhi-NCR and across India.
The expressway’s seamless connectivity to Delhi, IGI Airport, and key business districts has significantly boosted demand for high-end residential projects. Additionally, the rise of premium townships, luxury condominiums, and branded residences has further reinforced Gurugram’s position as the preferred destination for HNIs and global investors.
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Commenting on this, Saurab Saharan, Group Managing Director, HCBS Developments, says, “Gurugram’s luxury real estate market is experiencing an unprecedented boom, and the Dwarka Expressway is at the heart of it all. What was once just an emerging corridor is now a prime destination for high-end buyers and investors. The region has witnessed a sharp appreciation in property values, making it one of the most profitable destinations for premium housing. This rapid appreciation is fueled by strong demand from buyers who are looking for expansive, lifestyle-driven spaces.”
Meanwhile, another report by PropEquity has indicated that Noida recorded the highest price increase at 152%, rising from Rs 5,910 per square foot to Rs 14,946 per square foot. Ghaziabad followed with a 139% increase (from Rs 3,691 per square foot to Rs 8,823 per square foot), while Greater Noida saw a 121% increase, moving from Rs 3,900 per square foot to Rs 8,601 per square foot. This surge is largely driven by massive infrastructure upgrades, including the highly anticipated Noida International Airport, metro network expansions, and new expressways enhancing regional connectivity. Futher, the luxury housing segment has notably dominated the market, with properties priced over Rs 1 crore accounting for more than 50% of sales in 2024.
Sanjay Sharma, Director, SKA Group, says, “Luxury real estate in Delhi-NCR is rapidly expanding beyond traditional hotspots, with Noida, Greater Noida, and the Yamuna Expressway emerging as key destinations. Driven by infrastructure upgrades and rising demand for lifestyle-centric homes, these regions are seeing unprecedented growth. As per PropEquity, Noida recorded a 152% price surge, while Greater Noida saw a 121% rise—highlighting strong investor interest. With developments like the Noida International Airport, this momentum is set to redefine the region’s luxury housing landscape.”
Umesh Rathore, VP- Sales & Marketing at VVIP Group, says, “Luxury housing in Noida and Greater Noida has undergone a remarkable transformation, fueled by world-class infrastructure, seamless connectivity, and a growing demand for premium living. The region strikes the perfect balance between opulence and investment potential, offering aspirational buyers high-end residences at competitive prices. With soaring property appreciation, hike in circle rates, and increasing rental yields, Noida and Greater Noida are fast emerging as the next luxury real estate hotspots.”
Neeraj Sharma, Managing Director, Escon Group, says, “The luxury real estate market in NCR is growing exponentially, propelled by rapid infrastructure advancements. Game-changing projects like Noida International Airport, Dwarka Expressway, and RRTS are reshaping the landscape. While Gurugram continues to dominate the luxury housing space, Greater Noida is emerging as a strong contender, with micro-markets like Yamuna Expressway drawing significant interest.”
Thus, Delhi-NCR continues to firmly establish itself as the epicenter of India’s luxury real estate boom, with record-breaking sales, soaring property values, and a surge in high-end developments. This momentum is set to continue, driven by large-scale infrastructure projects, a strong economic landscape, and the evolving aspirations of luxury homebuyers. With unparalleled investment potential and an ever-expanding skyline, Delhi-NCR is redefining high-end living and cementing its place as India’s ultimate luxury housing destination.