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While markets like Mumbai and Bengaluru show signs of stagnation, Delhi-NCR is booming, driven by government reforms and growth in areas like Dwarka Expressway and New Gurugram
Luxury homes have become commonplace in Gurugram, especially among young buyers. (Representative/News18 Hindi)
Delhi-NCR is seeing a steady increase in housing sales, with a projected 16% rise in the April–June 2025 quarter. According to real estate data firm PropEquity, over 11,700 housing units are expected to be sold during this period, up from 10,114 units sold in the same quarter in 2024.
In terms of new housing supply, approximately 13,823 new units have entered the market, representing a 37% increase from the previous year. This surge in demand is driven by a growing interest in luxury homes and the ongoing launch of new projects.
PropEquity CEO Sameer Jasuja notes that areas like Ghaziabad and Greater Noida have seen significant increases in new supply, contributing to the overall growth in the NCR.
During this period, major real estate company DLF launched its new luxury project, DLF Privana North, in Gurugram, comprising 1,164 flats valued at around Rs 11,000 crore, all of which were sold. In May, Smartworld Developers and Tribeca Developers jointly launched an ultra-luxury project under the ‘Trump’ brand in Gurugram, selling all 298 units for Rs 3,250 crore.
Luxury Homes Now A Norm In Gurugram
Luxury homes have become commonplace in Gurugram, especially among young buyers. Mohit Agarwal, Business Head of Conscient Infrastructure, explains that young buyers are attracted to such projects due to their investment mindset and lifestyle expectations.
Additionally, in May, Whiteland Corporation announced the launch of Westin Residences in Gurugram, in collaboration with the international brand Marriott. This marks the first housing project under the Westin brand in India.
While some market stagnation is visible in cities like Mumbai and Bengaluru, Delhi-NCR is experiencing a boom. Jasuja attributes this to government reforms and the rapid development of new areas such as Dwarka Expressway and New Gurugram.
NCR Emerges As A Thriving Real Estate Hub
Whiteland Corporation’s director Sudeep Bhatt describes NCR as a dynamic real estate zone offering excellent connectivity, international facilities, and good investment opportunities.
Dwarka Expressway, in particular, is emerging as a new luxury standard. BPTP has launched the first phase of its Amstoria Verti-Greens project on Dwarka Expressway.
Harinder Dhillon, BPTP’s National Sales Head, highlights the area’s developing infrastructure and growing buyer interest, predicting that this region will drive new momentum in NCR’s real estate market in the coming months.
- Location :
Delhi, India, India
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