Delhi
The Delhi property market currently presents a balanced environment for both investors and end-users, characterized by steady price growth and varied supply segments. Recent trends indicate that while residential segments remain anchored by consistent apartment valuations, commercial assets like office spaces are showing strong upward momentum. Developers are strategically aligning with demand, with new project launches capturing considerable attention due to their recent price appreciation. The market remains well-supported by a mix of ready-to-move and under-construction projects, catering to different timelines and investment goals.
The average asking price in Delhi stands at ₹18,300 per sq ft as of September 2026. This figure reflects a slight upward movement from the ₹18,200 per sq ft recorded in June 2026, indicating a period of relative price stability and resilient demand within the city's real estate market.
Property prices in Delhi have shown a mixed trajectory throughout 2026, moving from ₹18,350 per sq ft in March 2026 to ₹18,200 per sq ft in June 2026, before recovering to ₹18,300 per sq ft by September 2026. This fluctuation suggests that while the market experienced a minor correction mid-year, it has maintained a steady baseline, reflecting balanced buyer and seller sentiment across the capital.
Property prices in Delhi vary significantly by type, with shops currently commanding the highest average at ₹81,050 per sq ft, despite a depreciation of 32.04% compared to previous periods. Office spaces are priced at ₹22,250 per sq ft, showing a notable appreciation of 14.81%, while apartments remain the most common residential asset at ₹18,300 per sq ft, having appreciated by 0.46%. Villas are currently valued at ₹52,450 per sq ft, experiencing a marginal depreciation of 0.26%.
As of September 2026, Ready To Move properties in Delhi are priced at an average of ₹12,750 per sq ft, which represents a depreciation of 5.87% compared to earlier periods. In contrast, Under Construction properties are priced at ₹13,700 per sq ft, having seen a depreciation of 2.34%. This pricing dynamic suggests that while Ready To Move units remain more affordable, the premium on Under Construction projects may reflect specific developer positioning or newer project specifications.
New Launch projects in Delhi are currently priced at ₹26,650 per sq ft as of September 2026, marking a significant appreciation of 130.99% compared to previous tracking periods. This sharp increase often reflects the introduction of premium, high-specification inventory into the market, which can signal strong developer confidence in specific pockets of the city, though investors should weigh this against the limited supply of only 1 unit currently tracked in this category.
Well Occupied properties in Delhi are currently priced at ₹14,350 per sq ft as of September 2026, having appreciated by 1.98% over the preceding period. This steady growth in value for established, occupied projects typically signals a mature market with consistent demand from end-users who prioritize immediate habitability and proven infrastructure over newer, potentially higher-priced developments.
