NCR records 19 per cent housing price growth in Q3

India’s residential real estate sector continues its strong performance trajectory, with Knight Frank India’s latest report revealing that the nation’s top eight housing market recorded steady sales of 87,603 units in Q3 2024. Among these metros, the National Capital Region (NCR) has emerged as the undisputed leader, commanding an impressive 19 per cent year-on-year price appreciation, the highest among all major markets.

Golf Course Extension Road, Dwarka Expressway, SPR etc has changed the game by spurring unprecedented growth across NCR’s residential landscape. By cutting down on travel times, and opening previously inaccessible areas for premium development, this vital corridor is transforming connectivity paradigm. The GCER effect has created ripple benefits across Gurgaon, Noida, Greater Noida, and emerging micro markets, attracting both homebuyers and institutional investors seeking high growth opportunities.

Infrastructure development stands at the core of NCR’s success story. Newly launched expressways like Dwarka expressways, FNG Expressways etc, extensive metro connectivity expansion, and the upcoming Noida International Airport – which is expected to change regional dynamics – all benefits the area. Additionally, enhanced social infrastructure – including world class educational institutions, healthcare facilities and commercial hubs has enhanced NCR’s residential appeal.

Talking to Bizz Buzz, Deepak Rai, Founder & MD, BOOTES, says, “This festive season, we are witnessing India’s growing focus on sustainable living. Buyers and investors are increasingly drawn towards eco-friendly, sustainable homes and climate-smart construction. We are committed to this very vision, delivering net-zero construction across Delhi NCR and key cultural cities like Vrindavan, Jhansi, Prayagraj, Varanasi, and Ayodhya. During the last festive season, we saw remarkable sales, and this year, I am confident that interest and investments will surpass that by a significant over 15-20 per cent.”

The festive season has always brought exceptional momentum to the real estate market, and 2024 was no different, Gurugram alone saw housing sales touch ₹1.07 lakh crore, with the festive quarter contributing significantly to this surge, especially in the luxury and premium segment.

Akash Kohli, Founder & CEO, Elante Group, said, “I truly believe that this year, Gurugram and the entire NCR market will surpass even last year’s festive season sales.”

The government’s hand has been important in shaping this trajectory. Policy stability, clarity in land use norms, expedited approvals, incentives for affordable and sustainable housing, and infrastructure funding (roads, utility augmentation, metro extensions) are aligning to bolster NCR’s competitiveness.

Rohan Khatau, Director of CCI Projects says, “With queries already witnessing a 10 percent increase, there is high faith that festive demand for the year will surpass that of 2024.”

Buyer confidence has increased throughout the industry as a result of macro climate, which includes low-inflation, healthy GDP growth, and supportive interest rates.

The strong registration numbers seen during Navratri and Ganesh Chaturthi clearly reflect this positive shift in demand.

Amit Jain, CMD of Arkade Developers says, “We expect this momentum to continue through the rest of the festive period, surpassing last year’s performance.”

Industry sources have noted that residential sales improved by more than 35 per cent on a year-on-year basis in Q3 2025 in India with luxury and branded residences accounting close to 28 per cent of the total demand indicating an increasing demand in high value assets in the festive season.