Mumbai and Bengaluru Developers Eye Delhi-NCR as Next Major Growth Destination

The National Capital Region has reportedly emerged as a prime destination attracting leading real estate developers from Mumbai and Bengaluru, who are actively expanding their presence in the region. According to industry sources, the shift is being driven by strong housing demand, steady price appreciation, and significant infrastructure development across the extended Delhi urban area.

Major Players Making Strategic Entry into NCR Market

Several prominent developers have announced their expansion plans in the region. Oberoi Realty, a Mumbai-based developer, is reportedly planning to launch its debut project in Gurugram during the financial year 2026. Meanwhile, other Mumbai giants including Lodha and Rustomjee are said to be actively exploring land acquisition opportunities across key NCR submarkets.

From Bengaluru, Prestige Group and Sobha Ltd have identified NCR as their fastest-growing market segment. Additionally, established players like Godrej Properties and Tata Realty are reportedly deepening their project pipelines in the region, while new entrants such as Dalcore are making their debut with projects in Gurugram.

Robust Market Fundamentals Attracting Investment

The NCR region reportedly witnesses approximately 50,000 to 60,000 new housing unit launches annually, with the total housing market value exceeding ₹1 lakh crore. Industry analysts suggest that developer confidence continues to strengthen as both end-user demand and investor interest remain consistently solid in the market.

Luxury Segment Leading Growth

The luxury housing segment appears to be particularly thriving, with Gurugram accounting for approximately 87% of luxury launches in the National Capital Region. Premium property valuations are said to be growing at 10 to 12 percent annually, demonstrating high absorption rates and long-term value potential. The buyer base reportedly includes non-resident Indians, professionals, and affluent investors seeking quality residential options.

NCR Records Highest Price Appreciation Among Top Cities

According to market data, the NCR region recorded 24 percent residential price growth in the third quarter of 2025, marking the highest increase among India's top seven cities. Bengaluru followed with 10 percent growth, while the national average stood at 9 percent, indicating the region's strong market momentum.

Infrastructure Development Catalyzing Real Estate Expansion

Significant infrastructure improvements are reportedly unlocking new development corridors across the region. The Dwarka Expressway and Noida-Greater Noida Expressway are said to be easing congestion and improving overall liveability standards. The upcoming Noida International Airport is expected to further accelerate growth prospects in eastern NCR, while these infrastructure projects are opening new micro-markets and enhancing the region's overall value proposition.

Industry Experts Observe Market Evolution

Real estate analysts believe that NCR is finally matching other metropolitan markets in terms of transparency, professionalism, and product quality standards. Industry observers have noted that for years, the region lagged behind in real estate quality and execution capabilities. However, the entry of top developers from Mumbai and Bengaluru is reportedly elevating industry standards and fundamentally reshaping the market landscape.

Market experts point to competitive land pricing, faster sales velocity, and strategic location advantages near the national capital as factors making NCR an attractive proposition for developers seeking scale and sustained long-term growth opportunities.

National Housing Market Performance Overview

Data from REALSPACE indicates that the top seven cities recorded 3 percent growth in housing supply during the third quarter of 2025. Approximately 96,690 new units were launched across the country, compared to 93,750 units in the corresponding period of the previous year.

The Mumbai Metropolitan Region reportedly led the launch activity with 29,565 units, followed by Pune with 19,375 units. The NCR emerged as the fastest-growing region in price terms, reinforcing its increasing importance in developer investment portfolios.

Future Outlook for the Region

As infrastructure development continues and urban planning initiatives mature, the NCR is anticipated to attract additional institutional developers. This trend is expected to position the region closer to becoming one of India's most professionally managed and lucrative real estate markets.

With momentum building across Gurugram, Noida, and Greater Noida, industry observers suggest that NCR is transitioning from being solely a political and administrative capital to potentially becoming India's next major real estate hub.

Disclaimer: This news article is based on information reported in October 2025 from industry sources and market reports. Readers are advised to verify all details independently and consult with qualified real estate professionals before making any investment decisions. Market conditions, developer plans, and infrastructure timelines are subject to change.