By Aditya Agarwal 
The National Capital Region’s housing market is increasingly characterised by higher transaction values and demand for larger residential properties. A report from PropEquity indicates that NCR housing sales value reached approximately ₹1.6 lakh crore in 2025, around 1.7 times the level recorded in 2023. The NCR real estate market has also experienced a shift towards larger homes, particularly in Gurugram and Noida. The Times of India reported the findings on 11 October 2026. (The Times of India)
The trend raises questions about housing affordability, the changing preferences of homebuyers and the growing importance of premium residential developments.
NCR Real Estate Market Records Higher Sales Value
The NCR real estate market has experienced a substantial increase in the value of residential property sales.
According to PropEquity’s report, the region’s housing sales value reached approximately ₹1.6 lakh crore in 2025, compared with less than ₹1 lakh crore in 2023. Gurugram accounted for around 60% of the reported NCR sales value. (The Times of India)
Higher sales value can result from a combination of rising property prices, changes in the mix of homes sold and shifts in transaction volumes.
It does not necessarily mean that the number of homes sold increased by the same proportion.
Understanding this distinction is important when evaluating whether the market is expanding through greater housing activity, higher prices or both.
Buyers Are Showing Greater Interest in Larger Homes
The report describes a shift in buyer preferences from smaller two-bedroom apartments towards larger three-bedroom homes, with some properties approaching 2,000 square feet. (The Times of India)
Larger homes can appeal to households seeking additional space for family activities, remote work and longer-term living arrangements.
However, they also require larger budgets and can involve higher maintenance and ownership costs.
The trend may benefit developers targeting premium buyers, but it also raises questions about the availability of homes for households with more limited purchasing power.
Gurugram and Noida Remain Important Markets
Gurugram has emerged as a major contributor to NCR’s housing sales value, while Noida remains an important market for residential and commercial development.
Employment opportunities, transport connectivity and the presence of corporate offices can influence demand across both locations.
However, individual neighbourhoods can perform differently depending on property prices, infrastructure, available housing and the financial strength of developers.
Buyers should therefore evaluate specific projects rather than treating the entire NCR as a single market.
Affordability Remains a Key Concern
A market increasingly focused on larger homes may create challenges for first-time buyers.
Higher property prices can increase down-payment requirements and monthly mortgage commitments.
Buyers also need to account for registration charges, maintenance fees, insurance and other ownership costs.
For developers, the challenge is to balance premium projects with housing that serves different income groups.
The long-term health of the market will depend not only on transaction values but also on affordability, sustainable demand and the availability of suitable housing.
What Homebuyers Should Watch
The NCR real estate market offers opportunities, but property purchases require careful financial and legal assessment.
Buyers should examine the project’s approvals, title documents, construction progress and applicable RERA registration.
They should also assess commute times, access to schools and healthcare, local infrastructure and the developer’s delivery record.
Investors should distinguish between actual rental demand and expectations of future price appreciation.
Higher sales values indicate a changing market, but they do not guarantee that every location or property will deliver strong returns.
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Tags: NCR Real Estate Market, Noida Property Market, Gurugram Real Estate, Housing Prices India, Premium Homes, Residential Property, Real Estate Trends, Property Investment
Internal Link: Flairius News — Real Estate
Outbound Source: The Times of India — NCR housing market trends.
Source: The Times of India — NCR Housing Market Report