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Housing sales in Delhi-NCR rose 16% year-on-year this quarter, crossing 11,700 units, according to PropEquity. The surge was driven by strong luxury housing demand and new project launches, especially in Ghaziabad and Greater Noida. DLF's Privana North in Gurugram sold out 1,164 units worth INR 11,000 crore in one quarter, while Prestige Group launched over 3,400 units in Indirapuram. Developers like Signature Global, Smartworld, Sobha, and Tribeca also saw brisk sales. Experts say younger buyers in Gurugram are driving luxury demand, while improved infrastructure and expanding inventory in affordable segments have kept the region resilient compared to other metro markets.
Housing sales in the Delhi-NCR region witnessed a 16% year-on-year rise this quarter, crossing 11,700 units, as reported by real estate analytics firm PropEquity. This growth has been largely fuelled by robust demand for luxury residences and an uptick in new project launches. According to PropEquity's estimates, approximately 11,703 units were sold during the April to June period this year, compared to 10,114 units during the corresponding period last year. Advertisement
Simultaneously, the new supply in the region saw a sharp increase, rising by 37% to 13,823 units from 10,084 units in the same period a year ago. This upswing in supply was primarily attributed to significant activity in Ghaziabad and Greater Noida, as highlighted by Samir Jasuja, founder and CEO of PropEquity, who noted that Delhi-NCR had experienced the strongest growth this quarter due to heightened supply in those areas.
Among notable launches, DLF India's largest real estate developer-introduced a luxury housing project, DLF Privana North, in Gurugram. All 1,164 units, valued collectively at INR 11,000 crore, were sold out within the same quarter. Similarly, Bengaluru-headquartered Prestige Group launched the first phase of its township project, 'Prestige City, Indirapuram,' comprising over 3,400 units with a cumulative sales value of INR 9,000 crore.
Other developers such as Signature Global, Smartworld Developers, Sobha Ltd, and Shapoorji Pallonji Real Estate also rolled out new projects in the region during this quarter.
Mohit Agarwal, Business Head at Conscient Infrastructure, observed that luxury homes were increasingly becoming the norm among younger buyers in Gurugram, driven by aspirations, investment foresight, and lifestyle choices. Rajat Khandelwal, Group CEO of Tribeca Developers, remarked that new launches had attracted noticeable buyer preference. He shared that Tribeca had launched three projects across Mumbai and Gurugram, with its ultra-premium Trump Residences in Gurugram being fully sold within five hours of launch.
In a notable transaction last month, Smartworld Developers and Tribeca Developers successfully sold all 298 units of their Trump-branded luxury residential project in Gurugram for INR 3,250 crore.
Garvit Tiwari, Director and Co-Founder of InfraMantra, stated that Delhi-NCR continued to shine amid a general decline in housing sales and supply across India's top cities. He suggested that this performance validated the region's ability to absorb current inventory and adapt effectively to demand-supply dynamics.
Meanwhile, Abhisheikh Andlay, Founder of Andlay Estates, said that the 16% projected growth in sales was a testament to sustained buyer confidence, aided by improved infrastructure, expanding inventory in affordable and mid-income segments, and the consistent execution by leading developers. While many metro cities grapple with saturation and high pricing, he noted that Delhi-NCR remained resilient, supported by policy interventions and new growth zones such as the Dwarka Expressway and New Gurgaon.
Strategic launches, rapid sell-outs, and an increasing appetite among younger buyers indicate a maturing housing market shaped by shifting preferences and evolving lifestyles. As infrastructure projects like Dwarka Expressway gain traction and emerging corridors open up, Delhi-NCR appears poised to remain a top contender in India's real estate growth narrative.
Source - PTI
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