In the past two years, the real-estate market in the Delhi‑NCR region has demonstrated remarkable momentum. Residential property values have surged by roughly 30 % between 2023 and 2024, and by more than 30 % since 2021, making NCR the fastest-rising metro region in India. Demand has been underpinned by strong end-user uptake, low inventories and high input-cost inflation. Simultaneously, the unsold inventory has been sharply cut — in just five years it has been reduced by around 50 %, with inventory overhang falling from 88 months to about 17 months by Q1 2025. Additionally, there has been a visible shift towards premium and ultra-luxury launches: affordable housing’s share of new supply has dropped, while the luxury segment has grown rapidly. Going forward, infrastructure expansions (such as expressways, metro links and airport connectivity) and corridor-driven development in areas like Dwarka Expressway and Sohna Road are likely to sustain demand. For investors and developers alike, the NCR market in this period reflects a clear shift from quantity to quality, from affordability to premium, and from supply-dominated to demand-driven dynamics.