Daijiworld Media Network - New Delhi
New Delhi, Oct 15: India’s residential real estate market is witnessing renewed momentum, driven by rising buyer interest, increased housing launches and changing homebuyer preferences. According to NoBroker’s India Residential Real Estate Q3 2026 report, housing demand across six major metropolitan cities rose 7% year-on-year between July and September, while new launches increased 32% to 69,718 units.
With the festive quarter underway, developers are looking to convert the improved market sentiment into actual bookings and sustain sales growth.
Alongside rising demand, property price appreciation and evolving buyer expectations are influencing purchasing decisions. Average residential prices across seven cities increased 7% year-on-year, while Delhi-NCR recorded a 12% rise, according to Anarock. Homebuyers are increasingly considering connectivity, liveability, amenities and long-term value in addition to location and pricing.
Within Delhi-NCR, Noida and Gurugram are emerging as distinct residential markets, catering to varied buyer preferences. In Noida, the Expressway corridor and Sector 150 are attracting interest from buyers seeking planned communities, open spaces and convenient access to employment hubs.
Prateek Tiwari, managing director of Prateek Group, said homebuyers in Noida were increasingly looking beyond the immediate purchase and focusing on the overall quality of life offered by neighbourhoods.
He said the Noida Expressway and Sector 150 were gaining attention because of their planned development, open spaces and connectivity. Projects offering thoughtful design, everyday convenience and competitive pricing would be better positioned to convert buyer interest into bookings, he added.
Tiwari also noted that the festive season could provide an additional boost to sales, particularly for projects that meet the expectations of end-users.
Gurugram, meanwhile, is witnessing interest across established premium neighbourhoods and emerging growth corridors. Areas such as Southern Peripheral Road (SPR), New Gurgaon, Golf Course Extension Road and Dwarka Expressway are attracting buyers as connectivity improves and residential infrastructure expands.
South Delhi continues to appeal to buyers seeking established neighbourhoods and well-developed social infrastructure. These varied preferences are shaping residential development across the wider National Capital Region (NCR).
Dr Gautam Kanodia, founder of KREEVA and Kanodia Group, said the residential growth story in Delhi-NCR was increasingly being driven by the individual strengths of its micro-markets.
He said areas such as Golf Course Extension Road and Dwarka Expressway were attracting buyers looking for contemporary homes, improved connectivity and developing urban centres, while South Delhi retained its appeal because of its established neighbourhoods and distinct residential character.
Kanodia said developers needed to understand the differing expectations of buyers and deliver homes that combined quality, location and long-term value.
As these residential markets mature, aligning new supply with homebuyer expectations will remain important. While luxury housing continues to influence property price trends, demand across the broader market will also depend on suitable home configurations, competitive pricing and access to everyday conveniences.
In Gurugram, where established neighbourhoods and emerging corridors cater to different buyer segments, matching projects with these requirements will be crucial to sustaining the current momentum.
Ashwani Kumar of Pyramid Infratech said buyers in Gurugram were placing greater emphasis on connectivity, community living and access to essential amenities.
He said emerging residential corridors were creating opportunities for thoughtfully planned projects suited to different lifestyles and requirements. While the festive quarter could strengthen buyer engagement, sustained sales growth would depend on relevant housing options, transparent communication and confidence in the long-term value of a property, he added.