NCR Real Estate Market Shows Resilience and Growth
The Indian real estate sector continues to reach new heights, overcoming challenges and demonstrating consistent growth. According to Prop Equity, Delhi NCR witnessed a robust performance in the December 2024 quarter. Housing sales expected to rise by 25% and new supply by 59%. The region saw 12,291 residential units sold and 11,223 new units launched. Underscoring its position as a key growth driver in India’s property market.
Unlike other major cities, Delhi NCR stands out with simultaneous growth in sales and supply. This growth is fueled by robust infrastructure development, metro expansion, and the entry of reputed builders. The region has attracted investors, end-users, and NRIs alike, solidifying its reputation as a real estate hotspot.
Gurugram Leads the Way
Within NCR, Gurugram has shown significant growth, especially in key areas like Dwarka Expressway. Southern Peripheral Road (SPR), Sohna Road, and Golf Course Extension Road. The demand for premium and luxury properties in these areas has surged, driven by improved connectivity, rising incomes, and robust economic development.
Sandeep Chhillar, Founder of Landmark Group, stated, Luxury housing is on an upward trajectory, with Gurugram poised to dominate new supply and demand in 2025. Similarly, Ashwani Kumar of Pyramid Infratech highlighted Gurugram as the preferred destination for luxury homes, citing the influence of new expressways, metro lines, and improved connectivity.
Harinder Dhillon from BPTP added, the real estate sector will benefit from tax incentives, affordable housing loans, and technology integration, focusing on green building certifications and work-life balance.
Dwarka Expressway A Growth Catalyst
Dwarka Expressway’s strategic location has bolstered its growth, offering seamless connectivity to Delhi, Gurugram, and NCR regions. Its completion has reduced travel times and enhanced accessibility, making it a prime focus for developers and homebuyers.
Sudeep Bhatt, Director of Whiteland Corporation, noted that government initiatives like the Gati Shakti Master Plan and SWAMIH Fund have further supported the sector’s growth. Sustainability remains a key priority, with developers incorporating eco-friendly features into their projects.
Southern Peripheral Road (SPR) A Strategic Asset
SPR is emerging as a critical link, connecting Gurugram, Manesar, and South Delhi. Its proximity to Indira Gandhi International Airport and major highways makes it an attractive choice for businesses and residents.
Gaurav Singh, MD of Womeki Group, emphasized the momentum in NCR’s real estate market, with Noida emerging as another key driver. Infrastructure upgrades, corporate leasing, and luxury housing demand have strengthened Noida’s position as a preferred real estate destination.
Looking Ahead As 2025 unfolds, the outlook for NCR’s real estate sector remains positive. With continued infrastructure advancements, rising demand for luxury housing, and a focus on sustainability, the region is poised to solidify its leadership in India’s
