NCR Defies National Dip in Home Sales, New Launches Jump 69% in Q2 2025: ANAROCK

New Delhi, June 26, 2025: While housing sales across the top seven cities plunged 20 per cent YoY in Q2 2025, NCR emerged as a relative bright spot registering a 14 per cent QoQ jump in home sales and a sharp 69 per cent surge in new launches, according to the latest report by ANAROCK Research.

NCR recorded the sale of approximately 14,255 housing units in Q2 2025, up from 12,520 units in Q1 2025, indicating improving buyer sentiment despite macroeconomic and geopolitical pressures. On an annual basis, however, sales dipped by 14 per cent from around 16,550 units in Q2 2024.

The more significant trend was visible in new supply, which rose from 11,120 units in Q1 2025 to 18,760 units in Q2 2025—a 69 per cent QoQ growth and 10 per cent higher than the same period last year. Notably, 82 per cent of this new supply was in the luxury and ultra-luxury category, priced above INR 1.5 crore, underlining NCR’s shift toward premium housing.

“The second quarter was volatile for real estate, especially with external geopolitical tensions and internal uncertainties. However, NCR stood its ground powered by luxury housing demand and optimistic developer activity,” said Anuj Puri, Chairman, ANAROCK Group.

NCR also posted the highest annual increase in residential prices among the top cities—up 27 per cent YoY and 4 per cent QoQ, indicating strong demand momentum, particularly in Gurgaon, Noida and the Dwarka Expressway belt.

Surinder Singh, Director, GLS Group said, “The NCR real estate market has shown remarkable resilience in Q2 2025, especially when compared to the overall slowdown in other metro cities. A 14 per cent quarterly growth in housing sales, coupled with a 69 per cent jump in new launches, signals renewed energy in the market despite macroeconomic and geopolitical headwinds.”

At GLS Group, “we see this as a turning point—one where buyer sentiment is being buoyed by stabilising interest rates, improved infrastructure and a growing aspiration for quality housing, particularly in emerging micro-markets like Sohna, New Gurgaon and Dwarka Expressway”.

“GLS Group has always focused on value housing that bridges aspiration and affordability. Even amid these premium-heavy trends, we continue to see strong demand in the INR 25–50 lakh segment, especially from salaried professionals and young families. The ongoing infrastructure push in the region is a huge enabler for end-user-driven demand in suburban locations.”