More than 8,500 housing units sell in Q3 2025

• Gurgaon and Noida dominated housing sales in the quarter, accounting for 73% of the total sales, followed by Ghaziabad at 26%. Of the housing sales in Q3 2025, 95% were under-construction units, demonstrating robust buyer confidence in such projects.
• A significant 52% of the housing sales in Delhi NCR were above the ticket size of INR 3 crore, indicating strong homebuyer interest in this segment.

New residential launches decline in Q3 2025

• Nearly 8,700 residential units were launched in Delhi NCR. Noida led the new launches with 52%, followed by Gurgaon at 41%. In these two submarkets, Greater Noida and Dwarka Expressway emerged as popular locations for quarterly new launches.
• Delhi, Ghaziabad and Faridabad witnessed a limited number of launches, as many developers launched residential projects in other submarkets. More than half the launches were in the price range of INR 1.5-3 crore.

Capital values up by 13% annually

• The residential capital values in Delhi NCR remained stable compared to the previous quarter. On a y-o-y basis, capital values rose by 13%. Rents were up by 1.1% q-o-q and 5.6% y-o-y.
• On a quarterly basis, capital values in Ghaziabad were up by 5%, whereas Delhi and Faridabad saw an increase of 2% each.

Outlook: Housing sales to moderate due to increase in residential prices

• Gurgaon and Noida are expected to lead in terms of new supply due to physical infrastructure upgrades across peripheral locations. Improved connectivity and reduction in travel time will unlock new development opportunities for developers.
• Residential demand may remain sluggish due to growth in residential prices over the past few years. However, market fundamentals for the residential sector remain strong in Delhi NCR. As capital values and rents stabilise, housing demand will bounce back quickly.