Delhi-NCR tops housing market, sales rise 8 per cent; Gurugram drives growth
Dwarka Expressway, SPR corridors attract HNIs and NRIs amid rising prices
Delhi-NCR has emerged as the strongest-performing housing market in India in the January–March 2026 quarter, recording sharp price appreciation and an 8 per cent year-on-year rise in housing sales, according to a latest report by JLL.
The surge is being led by Gurugram, where sustained infrastructure push and premiumisation are reshaping both pricing and buyer demand.
Industry estimates indicate that Gurugram’s residential market has delivered an 8–10 per cent compound annual growth rate (CAGR) over the past decade, significantly outperforming inflation. “With this level of appreciation already realised, the next phase of value creation will be structural and far more selective,” said Rishi Raj, CEO, Conscient Infrastructure, stressing that micro-market selection will now be critical for long-term gains.
He pointed to infrastructure-led corridors including NH-8, Southern Peripheral Road (SPR), Dwarka Expressway, and expanding metro networks as key drivers of future price appreciation.
The Dwarka Expressway belt, in particular, is witnessing a sharp pivot towards luxury housing. Manik Malik, CEO and President of BPTP, said the corridor has rapidly evolved into a prime destination backed by operational expressway stretches, strong connectivity to Indira Gandhi International Airport and NH-48, improving last-mile access, and planned metro expansion. He added that the corridor is also seeing fast-paced growth in social and commercial infrastructure, making it highly attractive for premium buyers.
Market data also shows a structural shift towards high-value housing. Rajjath Goel, Managing Director, MRG Group, said the Rs 1 crore-plus segment is now driving supply and absorption patterns across NCR.
Along Dwarka Expressway, demand is increasingly dominated by HNIs and NRIs who are less price-sensitive and instead prioritise location credibility, product depth, and long-term appreciation potential. This trend is steadily pushing the corridor into a premium, high-growth league.
Beyond NCR, other metros are also witnessing steady momentum. Bengaluru continues on a strong growth trajectory supported by robust end-user demand and a thriving employment ecosystem, while developers are aligning supply with demand through calibrated pricing strategies. Experts also noted that a favourable monetary environment, moderating price growth, and rising household incomes are supporting housing demand across markets, improving affordability metrics over the medium term.
“Bengaluru’s real estate market continues to be on a strong and sustainable growth trajectory, driven by robust end-user demand across segments. The steady increase in supply remains well-aligned with this demand, reflecting developers’ prudent and market-responsive pricing strategies,” said Umesh Gowda H.A, Chairman and Founder, Sanjeevini Group.
However, analysts maintain that Delhi-NCR remains at the centre of India’s housing upcycle, with Gurugram leading the transformation through infrastructure-led growth, premiumisation, and sustained investor confidence.
