Delhi NCR’s real estate market has registered sharp growth in both commercial leasing and high-end residential sales during the first half of 2025. The commercial office market reached an all-time high leasing volume of 7.2 million sq ft, marking a 27% year-on-year increase. Gurugram emerged as the primary contributor, accounting for 65% of the total leasing activity. The average deal size stood at approximately 54,000 sq ft, and average office rental rates rose 8% year-on-year to Rs 93.5 per sq ft per month. Global Capability Centres (GCCs) accounted for 31% of total leasing, reflecting continued interest from multinational corporations.
The residential market saw a significant shift in buyer focus from mid-income housing to high-value properties. Sales of ultra-luxury homes priced above Rs 50 crore surged by 2,550%, while properties priced between Rs 20 crore and Rs 50 crore saw a 1,233% jump in transaction volumes. Homes priced above Rs 2 crore now account for 57% of all residential units sold in NCR.
Gurugram continued to dominate the region’s real estate narrative, accounting for 51% of the region’s total residential sales and 55% of new launches. The region’s infrastructure expansion, including new expressways, metro rail lines, and airports, is expected to sustain long-term market optimism.
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