Luxury housing shines in NCR with 9% growth, Gurugram grabs lion’s share: JLL
Despite a significant annual dip of 23% in Delhi-NCR’s overall sales across ticket sizes, the luxury segment remained unaffected.
Despite a significant annual dip of 23% in Delhi-NCR’s overall sales across ticket sizes, the luxury segment remained unaffected.
Sonipat’s unmatched combination of strategic location, upcoming infrastructure, affordability, and industrial momentum positions it as NCR’s next big real estate destination.
This eight-lane expressway has become the NCR’s most explosive growth story, with property prices surging 58% year-on-year in Q4 2024.
Property prices in Delhi-NCR’s affordable housing segment have risen by 267% and land rates by 492% over the past two decades, underlining the region’s strong capital appreciation and market potential.
The total sales value of Delhi-NCR rose by 63% in 2024 to Rs 1.53 lakh crore while that of Mumbai stood at Rs 1.38 lakh crore.
Property prices increased across cities during the October-December period of 2024, albeit in varying degrees.
Housing sales in India’s 8 prime residential markets dipped 26% in the October-December period of 2024.
At present, there are 2977 branded residence units registered in India. This is around ~ 10% of the global market supply.
Average housing prices in top India cities experienced an 11% YoY increase, reaching Rs 11,000 per square foot in the third quarter of 2024.