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Delhi-NCR Housing Prices Soar Over Rs 1000/Sq Ft, Making Homeownership Tougher.
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News18•03-10-2026, 23:58
Delhi-NCR Housing Prices Soar Over Rs 1000/Sq Ft, Making Homeownership Tougher.
- •Buying a house in Delhi-NCR has become more difficult, with prices increasing by over 12% year-on-year.
- •Average prices in the July-September quarter rose to Rs 9,980 per square foot from Rs 8,900 last year.
- •Rising construction costs and builders' shift to luxury projects are key drivers of price hikes.
- •Average residential property prices across 7 major Indian cities collectively increased by 7% year-on-year.
- •CREDAI demands a change in the definition of affordable housing, currently capped at Rs 45 lakh, due to rising costs.
Key Questions Answered
Average housing prices in the Delhi-NCR residential market increased by more than 12 percent year-on-year during the July-September quarter compared to the same quarter last year.
The average price of residential properties rose to Rs 9,980 per square foot from Rs 8,900 per square foot, representing a jump of more than Rs 1,000 per square foot.
The rising cost of construction materials, land, and builders' increasing shift toward luxury projects are the main reasons for the price surge.
