Delhi-NCR has further strengthened its position as India’s leading luxury housing market, recording one of the highest annual increases in residential property prices among the country’s major cities, according to data released by real estate analytics firm PropEquity.

The region witnessed a 17.6 per cent year-on-year rise in average housing prices during the January-March quarter of 2026, even as demand remained resilient amid a steady influx of premium and luxury housing projects. New residential supply in Delhi-NCR grew 28.6 per cent year-on-year during the quarter, while housing sales increased 11.4 per cent, underscoring the sustained appetite for high-end homes despite rising prices.

According to the report, Delhi-NCR’s Q1 2026 performance points to a market where demand continues to absorb available premium inventory. Despite higher prices, sales activity remained healthy during the quarter, while developers maintained a strong pipeline of launches. This combination has helped the region emerge as one of the country’s most active premium housing markets.

Vineet Dawar, President-Sales & Strategy, Elan Group, said, “The strong price appreciation witnessed over the past year, coupled with healthy sales momentum, indicates that demand for premium and luxury residences remains resilient despite higher ticket sizes. Today’s luxury homebuyer is seeking much more than just a residence. They are looking for iconic addresses, curated experiences, world-class amenities, integrated ecosystems and a heightened emphasis on safety and privacy that elevate everyday living. Micro-markets like Dwarka Expressway in Gurugram continues to emerge as one of the most sought-after real estate destinations in the NCR, backed by transformative infrastructure and seamless connectivity, while Sohna Road stands as a well-developed residential corridor that is now poised for its next phase of premium evolution.”

The growth in new supply is equally significant. Delhi-NCR recorded one of the strongest increases in launches among major housing markets during the quarter, with luxury projects accounting for a large share of fresh inventory. The continued flow of new launches suggests that developers remain focused on the premium and luxury segment, where demand has remained steady over the past few years.

The luxury segment has also become an increasingly important contributor to the region’s overall residential market. As infrastructure improvements continue to reshape key corridors across Gurugram and Noida, several micro-markets that were once considered emerging locations are now among the most sought-after addresses in NCR. This has expanded the footprint of luxury housing beyond a handful of established neighbourhoods and contributed to broader market activity.

“Luxury living has transformed India’s real estate landscape, and nowhere is this evolution more vividly reflected than in Gurugram, a city that has emerged as the epicenter of luxury lifestyles. Over the past decade, Gurugram has evolved into the preferred destination for discerning homebuyers who seek more than just grand spaces. They aspire for homes that combine architectural finesse, superior design, and a global standard of living. In this context, branded residences have become the defining trend in India’s luxury housing segment, bringing world-class designers and hospitality chains to India and elevating the ambiance and finishes of apartments to truly global standards,” said Sidharth Chowdhry, Managing Director, Dalcore.

Sam Chopra, President and Country Head, eXp Realty India, said, “What is particularly noteworthy about the current cycle in Delhi-NCR is that demand at the premium end of the market has remained steady even as prices have moved up significantly. In most markets, a sharp rise in prices is usually accompanied by some moderation in buying activity. NCR, however, continues to see healthy traction across luxury projects, indicating that buyers remain convinced about the long-term prospects of the region. The combination of improving infrastructure, expanding business districts and the emergence of well-defined residential corridors has strengthened the appeal of premium housing, especially in locations that offer both connectivity and quality of life. The latest numbers suggest that the market is not merely responding to new launches; it is absorbing them.”

The latest quarter adds to the growing evidence that luxury housing continues to shape the direction of Delhi-NCR’s residential market. With prices rising 17.6 per cent year-on-year, sales increasing 11.4 per cent and new launches expanding 28.6 per cent, the region continues to account for some of the strongest premium housing activity in the country.