Delhi-NCR’s primary housing market witnessed a 24 per cent year-on-year rise in average prices during the July–September quarter, driven by sustained demand for luxury homes, according to data from real estate consultancy Anarock.

Average residential prices in the region increased to Rs 8,900 per sq ft from Rs 7,200 per sq ft a year ago. Among India’s top seven cities, Delhi-NCR saw the sharpest price appreciation, followed by Bengaluru (10 per cent) and Hyderabad (8 per cent).

Developers attribute the rise to new infrastructure projects such as the Dwarka Expressway and Noida International Airport, which have fuelled demand for premium residences. “The 24 per cent surge in NCR’s housing prices marks a shift in homebuyers’ behaviour, reflecting aspiration and long-term stability,” said Manoj Gaur, CMD, Gaurs Group.

Anarock noted that while prices continued to rise, the rate of growth moderated slightly compared with the previous quarter, indicating stabilisation after the post-pandemic surge.