A Beacon of Growth and Opportunity', the average residential prices in Delhi-NCR have jumped by 81% over the past five years (2020 to 2025).
Luxury Housing in Delhi
The Delhi Luxury market, once known as the secondary real estate market, has now emerged as a primary housing destination with a surge in high-rise developments across the premium and luxury segments. With the liberalization of the Land Policy in Delhi, the luxury residential sector has witnessed a growing influx of projects, leading to year-on-year price appreciation. Double-digit growth has been recorded in the capital's high-end neighborhoods, making it one of India’s fastest-growing real estate markets.
The Delhi Luxury market, once known as the secondary real estate market, has now emerged as a primary housing destination with a surge in high-rise developments across the premium and luxury segments. With the liberalization of the Land Policy in Delhi, the luxury residential sector has witnessed a growing influx of projects, leading to year-on-year price appreciation. Double-digit growth has been recorded in the capital's high-end neighborhoods, making it one of India’s fastest-growing real estate markets.
According to ANAROCK’s recent report titled 'NCR Real Estate - A Beacon of Growth and Opportunity', the average residential prices in Delhi-NCR have jumped by 81% over the past five years (2020 to 2025). As per 99acres, areas in West Delhi, such as Moti Nagar, have seen a 55% increase in the same period, with the luxury segment leading this shift. This trend is driven by changing buyer preferences, rising demand for upscale homes, and a host of factors, including infrastructure upgrades and enhanced connectivity, such as the Dwarka Expressway.
The spike in prices and demand has prompted many regional and national developers to return to the capital. Developers like DLF, TARC, Godrej, and Unity are betting big on the Delhi real estate market. While earlier it was only Gurgaon and Noida that saw a rise in new launches, Delhi is now witnessing a significant uptick in new project announcements.
One of the best examples of this trend is DLF One Midtown, located in Moti Nagar, West Delhi. Prices of this high-end project have risen substantially since its launch.
When One Midtown was launched in January 2022, the base selling price (BSP) was ₹18,000 per square foot. By 2025, it had increased to ₹32,300 per square foot—an unprecedented 79% appreciation in just three years. For the high-end 4 BHK apartments, which were initially priced between ₹2.96 crore and ₹4.95 crore, the current range has surged to ₹9.08 crore to ₹9.82 crore.
Other luxury developments in West Delhi have also experienced dramatic price growth; for instance, apartments in Patel Road and Kirti Nagar have appreciated to ₹8.6 crore–₹10.62 crore for sizes between 3,440 and 4,247 sq. ft. In comparison, One Midtown apartments with slightly smaller configurations of 2,946–3,041 sq. ft. are commanding similar or even higher prices, underscoring the premium that buyers place on quality and location.
Another major player in the Delhi luxury market is TARC Ltd., which has made a mark with its high-end project TARC Kailasa. Situated in the upscale Kirti Nagar area, TARC Kailasa comprises five high-rise towers and is set to redefine luxury living in the capital. The 3 BHK apartments are priced around ₹9 crore, while 4 BHK homes are currently valued at approximately ₹12 crore.
Amar Sarin, MD & CEO of TARC Limited commented "New Delhi is rapidly evolving into a dynamic housing market, with high-rise developments flourishing across various segments. Among these, the luxury residential market stands out, offering discerning homebuyers unparalleled lifestyle and experiential living opportunities. Fueled by a profound shift in buyer aspirations and accelerated urban development, the demand for luxury homes and high-quality living spaces in central locations has surged significantly. At TARC, we are proud to lead this transformation. Our flagship developments, TARC Tripundra and TARC Kailasa, are redefining luxury living in New Delhi by addressing the evolving needs of today’s sophisticated buyers. By seamlessly blending contemporary design, immersive lifestyles, a sports and leisure focus, and wellness-centric amenities, we present an unmatched value proposition through Differentiated Luxury Curated Residences. This isn’t just growth; it marks the dawn of a new era in New Delhi’s residential landscape."
Gaurav Swastik, a Delhi-based real estate consultant, stated, "The Delhi luxury market is witnessing a growth explosion, with prices increasing at a faster pace than expected. The Dwarka Expressway has elevated the Delhi Market with up to 70-80% price appreciation in the last 5 years. West Delhi, primarily Moti Nagar and Kirti Nagar, has been the epicenter reflecting this appreciation. Developers such as DLF have upscaled the standard by many folds, and we are noticing plenty of interest from investors as well as end-users seeking high-end property with good appreciation potential."
With luxury housing prices continuing to skyrocket, Delhi’s real estate market is entering a new era of growth and opportunity. From DLF One Midtown to TARC Kailasa, developers are capitalizing on the surging demand for high-end homes, creating premium properties that attract both domestic and international buyers. The exceptional price appreciation witnessed in these developments, combined with increasing infrastructure investments and rising buyer confidence, signals a robust and promising future for luxury real estate in Delhi.
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