Why are house prices and rents increasing rapidly in Delhi and NCR?
Why are house prices and rents increasing rapidly in Delhi and NCR?

Why are house prices and rents increasing rapidly in Delhi and NCR?

Priya Singh | 2023-10-31

The robust development of infrastructure, particularly in the micro-markets of Noida and Gurugram, has played a major role in the boom of Delhi-NCR’s real estate market. This boom comes after the sluggish trend in the last few years.
Delhi-NCR’s real estate market has seen a significant growth in the last one year compared to other metro cities including Mumbai, Chennai, Bengaluru, Kolkata and Hyderabad, according to a recent survey. Delhi-NCR witnessed a sharp 16 per cent rise year-on-year in the March 2023 quarter in the prices of residential properties, according to a report released by CREDAI, Colliers and Liases Foras.


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