The Delhi-National Capital Region (NCR) real estate market has experienced a significant transformation over the past five years, marked by a substantial increase in housing prices and a notable reduction in unsold inventory.
According to a recent report by ANAROCK Property Consultants, average residential property prices in the NCR have risen by approximately 49%, escalating from ₹4,565 per square foot in the first half of 2019 to ₹6,800 per square foot in the first half of 2024.
Simultaneously, the region has seen a 52% decline in unsold housing stock, decreasing from around 1.82 lakh units at the end of H1 2019 to approximately 86,900 units by the end of H1 2024. This reduction has also led to a decrease in inventory overhang—from 44 months in H1 2019 to 16 months in H1 2024—indicating a healthier balance between supply and demand.....
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