Property values in India’s National Capital Region (NCR) have shown significant increase in a short span as the country’s rich continue to pour millions in this highly promising residential market, inspired by lifestyle aspirations.According to the latest findings of the Housing Price Index (HPI), a leading indicator of price trends in India’s key realty markets, the NCR, with an HPI reading of 178, has outperformed its peers, primarily driven by strong end-user demand, investor interest and significant value appreciation in key micro-markets such as New Gurgaon, Noida Extension and Dwarka Expressway.Developed jointly by real estate platform Housing.com and global business school Indian School of Business (ISB), the HPI serves as a tool that tracks changes in residential home prices across India's 13 major markets.All-India HPI moves 2 points up in Sept; Bengaluru, Kolkata show 12-point jump.The All-India HPI reached 128 in September, marking a 2-point quarter-on-quarter increase, reflecting steady growth in property values across major residential hubs. Other cities that have displayed significant improvement in price growth include Bengaluru and Kolkata. Demand-driven growth in micro-markets such as Varthur and Devanahalli triggered value growth in India’s IT capital: the city saw its reading jump 12 points, from 155 to 167, from June to September. The reading for Kolkata showed a similar jump, from 138 to 150 in the same period.“This growth aligns with India’s broader real estate trajectory, where rising property values reflect a stable and maturing market. Despite affordability challenges, end-users and investors are demonstrating confidence, driven by the promise of long-term value creation,” said Amit Masaldan, Chief Revenue Officer, Housing.com.With an improvement in infrastructure and connectivity, Kolkata is gradually showing improvements in terms of liveability. Despite a sharp price rise, the city remains more affordable than other metros, providing it a certain edge, especially to people looking for post-retirement homes,says the report.“We see a significant variation in the trends in the overall Indian market. Over the past two years, the NCR region has experienced sharp price increases, accompanied by a significant slowdown in sales. In contrast, the Mumbai region has witnessed modest price growth alongside a robust increase in sales. While there are broader economic headwinds, India’s real estate sector is mature and well-positioned to withstand short-term turbulence,” said Shekhar Tomar, Assistant Professor, Economics and Public Policy, ISB.According to the report, a sustained preference for larger homes remains a defining trend for India’s real estate sector, with 3BHK configurations maintaining their appeal and 2BHK units witnessing the sharpest price growth.While the all-India HPI reading for 3BHK homes remains the highest at 136 points, leaping 5 points since June, 2BHK configuration recorded a slightly sharper jump of 7 points to settle at 133 points, the report said.“The reading for 1BHK homes showed a 6-point drop, from 122 in June to 116 in September. The share of this configuration in overall sales has been declining post-pandemic as more and more people opt for larger homes,” says the report.The September HPI findings reiterate the strength and resilience of India’s real estate sector. Delhi-NCR’s standout performance, combined with broader national trends, reflects a market adapting to evolving demands and economic conditions. As infrastructure initiatives and urbanisationefforts continue to expand, the Indian housing market is well-positioned for sustained growth, offering immense potential for buyers, investors and developers alike.