Omaxe MD cites 9.9% rise in New Delhi housing demand in Q3

New Delhi housing demand rose 9.9% quarter on quarter in July-September 2026, Omaxe Managing Director Mohit Goel said on 21 October 2026. Goel also cited increases in demand for homes priced above ₹3 crore: 19% in Noida and 34% in Greater Noida. The figures cover one quarter and reflect Goel’s comments on the market; they do not by themselves establish a sustained trend.

The numbers point to a varied picture across the capital and its neighbouring markets. Goel said festive-season buying had helped restore momentum, but demand had not returned to year-ago levels. He linked the more positive sentiment to stable interest rates, improving economic confidence and people’s aspiration to own a home.

Premium demand and affordability

The reported increases for homes above ₹3 crore suggest that higher-value buyers are considering Noida and Greater Noida. They do not mean the wider market has become more accessible. Goel said affordability continues to constrain mass-market buyers, leaving a gap between interest in premium housing and the ability of many households to buy.

Goel said buyers are weighing construction quality, location, a developer’s track record and its delivery history, rather than responding only to festive offers. That points to a more considered purchase decision: buyers are looking beyond a seasonal discount to the home’s location and the developer’s past performance.

The picture is not uniform across NCR. The reported account said prices in Greater Noida and Gurugram changed little, even as prices advanced in most markets. It also said more than 34% of NCR’s new housing supply during the quarter was priced above ₹2.5 crore. A large premium segment in new supply may widen choice for higher-budget buyers, while leaving affordability an issue for households seeking lower-priced homes.

What buyers should take from the figures

For buyers looking in New Delhi, Noida or Greater Noida, the figures are an indication of reported market activity, not a guarantee that prices or demand will continue to rise. The 9.9% figure relates to New Delhi, while the 19% and 34% increases relate specifically to demand for homes above ₹3 crore in Noida and Greater Noida. They should not be read as growth rates for all homes or all buyers in those markets.

Goel’s comments also underline that location and delivery record remain part of the decision alongside price. For a buyer comparing homes, the relevant questions include whether the home fits the household budget, what the developer has delivered previously and whether the location meets daily needs. A headline rise in premium demand does not answer those questions for an individual purchase.

The figures offer a snapshot of sentiment during the July-September quarter, with festive buying providing some momentum but year-ago demand levels still unrecovered. The next point to watch is whether that activity continues beyond the festive period and whether demand extends to more affordable homes, rather than remaining concentrated in higher-value segments.