Gurugram Dominates Delhi-NCR Housing Market in Q3 2025 with 87% of 10,245 New Launches

The Delhi-NCR real estate market remained active in Q3 2025, even though overall supply was lower than last year. According to the latest Market Beat Delhi-NCR Residential Q3 2025 report, the region saw the launch of 10,245 new housing units during the quarter. This marks a 12% increase from the previous quarter, showing that homebuyer confidence is improving. However, the number of launches was still 37% lower year-on-year, mainly because developers focused on selective and quality-driven projects.

Among all locations in the NCR, Gurugram clearly emerged as the top-performing market. It remained the preferred destination for luxury housing, accounting for 87% of luxury launches across the entire region. This strong dominance highlights Gurugram's growing appeal for premium homebuyers and investors in 2025.

Gurugram Leads the Luxury Housing Segment

Gurugram continued to shine as the hub of high-end and luxury residential projects. The city attracted the majority of premium launches, driven by:

• Modern infrastructure

• Strong developer presence

• Excellent connectivity

• Demand from high-income buyers

With 87% of luxury launches coming from Gurugram alone, the city has retained its top position for luxury living in Delhi-NCR. Areas like Golf Course Road, Golf Course Extension Road, New Gurgaon, and Dwarka Expressway have become top choices for buyers seeking modern amenities, premium design, and better returns.

The luxury segment in Gurugram also recorded the highest year-on-year rental growth of 10%, reflecting strong tenant demand.

Launch Prices Rise Sharply in Q3 2025

According to the report, the weighted average launch price for new housing units in Delhi-NCR stood at ₹15,175 per sq ft in Q3 2025. This reflects a:

• 30% quarter-on-quarter increase, showing renewed confidence and strong demand

• 3% year-on-year decline, as some developers focused on keeping prices stable to attract more buyers

High-end residential areas across NCR saw 5–6% annual capital appreciation, showing steady growth in property values.

Gurugram and Noida Record Strong Price Growth

Both Gurugram and Noida outperformed other NCR markets in terms of price growth.

• Gurugram home prices rose 12% year-on-year

• Noida recorded a 10% year-on-year increase

This consistent rise shows that both cities continue to attract end users and investors. Better infrastructure, large-scale development, and upcoming economic zones are supporting this upward trend.

Rental values in Delhi-NCR also increased modestly:

• 1–2% quarter-on-quarter

• 4–6% year-on-year

Gurugram's luxury segment again stood out, recording a 10% rise in rental values, the highest in the region.

New Gurgaon & Dwarka Expressway Remain Top Hotspots

In new project launches, New Gurgaon and Dwarka Expressway were the most active submarkets in Q3 2025. Together, they accounted for:

• 23% of new launches in New Gurgaon

• 20% of new launches along the Dwarka Expressway

Several factors are driving the popularity of these areas:

• Improved connectivity to the IGI Airport

• Expanding social infrastructure

• More affordable prices compared to central Gurugram

• High return on investment potential

These locations have become preferred destinations for both mid-segment and premium homebuyers.

Greater Noida also played an important role in market activity, contributing 14% of new launches during the quarter.

Supply Trends: Mid-End Segment Leads the Market

In Q3 2025, the mid-end segment was the most significant contributor to new supply. The distribution of new launches was as follows:

• 51% Mid-end projects

• 26% High-end projects

• 22% Luxury projects

Interestingly, while Gurugram dominated luxury supply, the overall luxury launches in NCR fell by 30% year-on-year, indicating a shift toward more affordable or mid-segment housing options.

Performance of Delhi-NCR in the First Nine Months of 2025

The report also highlights the performance of the NCR real estate market during the first nine months of 2025. It notes:

• New housing launches were 10% lower compared to the same period in 2024

• Developers remained cautious and focused on targeted launches

On the other hand, Gautam Buddha Nagar, which includes Noida, Greater Noida, and Yamuna Expressway, showed tremendous momentum. The region recorded 10,242 launches during the first nine months of 2025, marking a 54% year-on-year growth. This rise was fueled by:

• Upcoming Noida International Airport

• Competitive pricing

• Fast-improving infrastructure

• Strong investor confidence

Q3 2025 proved to be a strong quarter for the Delhi-NCR real estate market, despite lower year-on-year numbers. With 10,245 new housing units launched and a 12% growth over the previous quarter, the region showed solid signs of stability and demand.

Gurugram dominated the market, especially in the luxury segment, with 87% of premium housing launches. Areas like New Gurgaon and Dwarka Expressway continued to attract buyers due to better connectivity, affordable pricing, and high returns.

Overall, the Delhi-NCR real estate market in Q3 2025 reflects steady demand, price growth, and a clear shift toward mid-end housing, while Gurugram continues to lead the luxury market with strong rental and capital appreciation.