Delhi-NCR’s realty market is witnessing an upward trajectory, with the emergence of new micro-markets and massive infrastructure development. From luxury housing projects and modern office spaces to thriving retail hubs, Delhi-NCR has evolved into a dynamic ecosystem catering to the diverse needs of homebuyers, investors, and businesses.
Besides, the sector has registered record-breaking numbers across residential, commercial, and retail segments in recent years. The housing segment experienced a steep surge in demand for both luxury and premium housing, driven by increasing disposable incomes, favorable home loan rates, and the rise of hybrid work models. During Q3 2024, Delhi-NCR took the lead in the Indian property market as house prices increased 32% year over year, the highest among eight cities. This increase was fueled by strong demand in the luxury sector and market stability. Meanwhile, the commercial real estate sector mirrored this dynamism, with businesses increasingly seeking Grade-A office spaces.
Commenting on the same, Manoj Gaur, President of CREDAI-NCR, says, “The Delhi-NCR’s realty market will continue with its exponential growth in 2025 due to continued demand across residential, commercial, and retail sectors. With key developments such as the upcoming Jewar Airport and metro extensions, notably, the Noida-Greater Noida market is set to transform into a prime investment hotspot. As the region’s infrastructure strengthens, we anticipate a rise in property values, ensuring long-term residential and commercial real estate growth in these regions.”
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Amid this growth, NCR saw new and developing sectors, with Noida, Gurugram, and Faridabad emerging as key micro-markets to watch for realty investments in NCR. Driven by enhanced connectivity, world-class infrastructure, and rising property values, these markets remain thriving real estate hubs, with several micro-markets showing immense growth potential.
Faridabad emerged as an equally significant region to seek in 2025. Much of its recent prominence is due to its robust economic growth, enhanced infrastructure, and relative affordability compared to neighboring cities like Gurugram and Noida. Infrastructure developments, including the Delhi-Mumbai Industrial Corridor (DMIC), FNG Expressway, Eastern Peripheral Expressway, Manjhawali Bridge, and the Delhi Metro’s Violet Line extension, have significantly improved connectivity and accessibility. These projects, along with the Faridabad Master Plan 2031, promise to revitalize the city and attract significant investments in the realty sector.
Sharing his views on Faridabad’s realty market potential, Mohit Goel, Managing Director, Omaxe Group,says,“The real estate market in Delhi-NCR has seen significant growth in 2024, with property prices rising due to strong demand across housing, commercial and retail segment. Amidst the dynamic landscape of NCR’s realty growth, Faridabad emerged as an equally-promising region. With its strategic location and enhanced connectivity, the sector is rapidly becoming a hub for luxury housing, office spaces, and retail. In 2025, Faridabad’s realty market is likely to emerge as a front-runner in NCR grabbing a substantial share of growth. In particular, Sector 79 is poised for significant growth in 2025 backed by its strategic location and proximity to the Delhi-Mumbai Expressway, the upcoming Jewar Airport Expressway, and the Faridabad-Noida-Ghaziabad (FNG) Expressway. As the city infrastructure and business dynamics continue to evolve, along with some of the key projects taking shape in the region, we foresee Faridabad emerging as one of the most sought-after regions in NCR.”
Market trends show that backed by enhanced connectivity and proximity to key business hubs, Dwarka Expressway and SPR witnessed significant traction in residential and commercial development in 2024, accounting for an impressive 88% share.
Sharing his views on Gurugram’s realty market, Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group, says,“In Gurugram, the developing sectors emerged as preferred spots for realty investment. With increasing development, improved connectivity, and a growing demand for luxury residences, Gurugram’s micro-markets such as Golf Course Road, Dwarka Expressway, Sec-46 in Gurugram and micro-markets of New Gurugram will lead the demand for luxury housing in the region. These areas are quickly becoming the top choices for homebuyers. Besides, South Delhi also witnessed healthy activity this year for luxury home development and we expect this trend to continue. Hence, we foresee this new year introducing development and bringing traction in these locations and new corners of the city. As demand for luxury homes continues to strengthen, these locations are set to become sought-after living destinations, offering both an unmatched lifestyle and excellent growth prospects for investors.”
Harinder Dhillon, Senior Vice President-Sales, BPTP, says, “The region’s impressive momentum is highlighted by the Propequity report, which shows a 25% year-over-year and 20% quarter-over-quarter sales growth in Delhi-NCR, with Gurugram and Faridabad emerging as key drivers. Due to its strong demand for mid-segment and luxury housing, first-rate infrastructure, and status as a major business hub, Gurugram alone accounts for around 40% of all residential transactions. Faridabad is also becoming more well-known; because of better connectivity via the Delhi-Mumbai Expressway and the functioning Metro link, there has been a notable 30% increase in queries for the mid-segment and cheap property. Strong investor interest, improved civic facilities, and expanding employment prospects all help these locations. Additionally, advantageous government policies like Haryana’s lower circular rates and incentives for affordable housing, along with low home loan rates, have strengthened buyer confidence.”
Meanwhile, in Noida, micro-markets, including Noida Sector 150, Noida-Greater Noida Expressway, and Yamuna Expressway, catalyzed real estate growth driven by a rising demand for luxury living spaces that offer high-end amenities. Noida Sector 150 saw a 12% Y-O-Y increase in monthly rentals of luxury properties in H1 2024, followed by the Noida-Greater Noida expressway at 11%. As per Ananrock’s data, the average residential prices near Noida Expressway rose 66% in the last six years – from Rs 5,075 per sq ft in 2019 to Rs 8,400 per sq ft in Q3 2024. On the other hand, Ghaziabad continues to flourish, with Siddharth Vihar and Indirapuram standing out as prime micro-markets.
Salil Kumar, Director of Marketing and Business Management, CRC Group, says,“The Noida-Greater Noida realty market has firmly established itself as one of the most promising investment destinations in Delhi-NCR. With transformative infrastructural projects like the Noida International Airport and metro line expansion underway, the region is poised for sustained demand in both residential and commercial spaces. As it continues to evolve into a premium real estate hub, Noida-Greater Noida presents a wealth of opportunities for end-users and investors alike, offering significant potential for long-term growth and high returns.”
Thus, the year 2024 was defined by key trends shaping the region’s future trajectory. Technological integration became a focal point, with buyers showing a strong preference for smart home features and tech-enabled spaces that offer convenience and efficiency. Sustainability initiatives gained prominence as green buildings, energy-efficient designs, and eco-friendly developments became integral to residential and commercial projects.
There was a noticeable shift in consumer preferences, with buyers gravitating toward well-connected, self-sustained communities offering a blend of work-life balance, wellness amenities, and open spaces. As we step into 2025, these micro-markets, with their strong growth trajectories and transformative projects, are set to play a pivotal role in shaping the future of NCR’s real estate, making them a good opportunity for investors in the years to come.