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Delhi is currently experiencing a golden run in its real estate markets, as office, retail, and housing sectors all show robust growth and renewed investor confidence in 2025. This flourishing phase is supported by progressive government policies, visionary urban planning such as the Delhi Master Plan 2041, and improved regulatory transparency under bodies like Delhi RERA, creating a strong foundation for sustained real estate expansion.
In the office segment, Delhi is poised for a major supply boost after a decade-long stagnation due to limited developable land. Around 5 million sq. ft. of new office space is expected between 2025 and 2027, focused in key hubs like Netaji Subhash Place, Rohini, Gateway District, and Aerocity. Demand is being driven largely by research, consulting, analytics firms (approximately 39% leasing activity), flexible workspace operators (23%), and the BFSI sector (18%), collectively accounting for nearly 80% of office space absorption. In the first half of 2025 alone, Delhi recorded about 400,000 sq. ft. of office absorption, indicating strong business confidence.
The retail market is also thriving with around 230,000 sq. ft. of retail space leased in early 2025. High street retail dominates, making up 72% of leasing activity. Categories such as fashion and apparel (35%), homeware and department stores (20%), and food and beverage operators (17%) illustrate the growing consumer preference for lifestyle and experiential retail formats. The influx of global luxury brands and rising disposable incomes further feed this vibrant retail environment.
Delhi-NCR’s residential market complements this prosperous scenario, with a 35% year-on-year jump in new launches—about 21,000 units—in H1 2025, matched by similar sales numbers. The luxury, premium, and high-end segments together represent 75% of these sales, underscoring the demand for upscale housing, especially in South-East and South-West Delhi. Limited supply amidst rising demand has led to significant capital appreciation in these areas.
Overall, the synergy between strategic urban planning, policy reforms like the Delhi Master Plan 2041, rising affluence, and investor-friendly regulations is powering Delhi’s real estate golden run. The market’s shift from mere location focus to prioritizing amenities, sustainability, design, and quality of life reflects its maturation into a world-class real estate hub. With strong fundamentals and continued development momentum across office, retail, and housing segments, Delhi is positioned to consolidate its leadership role in India’s real estate landscape for years to come.business-standard+4
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