Demand for luxury homes is rising in the country’s high-end housing market. According to a new report, Noida has seen the highest price appreciation among luxury projects currently under construction, while Delhi leads in terms of prices for ready-to-move-in luxury homes.

High End Property Market

The demand for luxury homes in the country’s high-end real estate market is steadily rising. Prices of premium homes in major cities are surging due to strong interest from wealthy buyers, non-resident Indians (NRIs), and investors. Interestingly, Noida has outpaced major cities like Mumbai, Delhi, Bengaluru, and Gurugram in this race. According to a new report, the highest price appreciation in under-construction luxury projects has been observed in Noida.

Noida leads in premium property market

According to a report by real estate consultancy ET Realty, average prices of luxury projects coming up along the Noida-Greater Noida Expressway have risen by up to 28% over the past year. Prices have increased by approximately 13% in Sector-150 and by about 4% in other areas of Noida. The report states that buyer interest is rapidly shifting towards Noida, driven by improved connectivity, modern infrastructure, and projects being developed to meet future needs.

Ready-to-move-in luxury homes in Delhi have also become costlier.

If we talk about ready-to-move-in luxury homes, Delhi has been at the forefront. An increase of 10% to 25% has been recorded in the prices of premium houses here. The prices of luxury floors, especially in South-Central Delhi, have increased by about 25% in a year. Apart from this, good growth has also been seen in the areas of Central Delhi and South-West Delhi.

Property prices have also risen in Mumbai, Bengaluru, and Gurugram.

Prices of luxury homes in Mumbai have risen, showing an increase of 10% to 15%. Meanwhile, the rise in Bengaluru has ranged between 3% and 11%. On the other hand, the price increase in Gurugram has been relatively limited, with most areas recording a rise of up to 2% only. However, the demand for residential plots in Gurugram remains consistently strong.

Increase in rents for premium homes

According to the report, rents for premium homes are also steadily rising. The highest increase of 22% has been recorded along the Dwarka Expressway in Gurugram. Rents rose by 6% to 14% in Delhi, 5% to 14% in Noida and Bengaluru, and 1% to 12% in Mumbai. The upward trend in rents is driven by the growing demand for larger homes from corporate employees and NRIs.

Expert Analysis by Property Buddy Realtors

Experts from Property Buddy Realtors an experienced real estate consultancy in Noida, state that investors are seeing significant capital appreciation in Noida and Greater Noida. Property prices here have risen due to the entry of major developers such as Sobha, Experion Developers, and Godrej Properties. Additionally, local developers including ACE Group, M3M, Mahagun, and County Group—are constructing luxury projects that are attracting interest from affluent buyers and investors alike, particularly thanks to their unique, theme-based concepts.