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Sales of luxury homes priced Rs 10 crore and above in Gurugram surged 80% year-on-year to Rs 24,120 crore, driven by higher transaction volumes and price appreciation, according to a joint report released Monday by India Sotheby’s International Realty (ISIR) and CRE Matrix.
The report, which analysed primary (first-sale) luxury housing transactions, showed that the Delhi-NCR city overtook Mumbai in total sales value in the ultra-premium segment. Mumbai recorded Rs 21,902 crore worth of transactions in the same price category.
Volume Growth Nearly Triples
In unit terms, luxury home sales in Gurugram rose sharply to 1,494 units last calendar year from 519 units in the previous year, indicating strong demand momentum at the top end of the residential market.
In value terms, sales climbed from Rs 13,384 crore in 2024 to Rs 24,120 crore last year.
“While Mumbai has traditionally held the crown for being the most expensive real estate market, Gurugram in Delhi-NCR, outpaced Mumbai in total sales value for luxury homes priced at Rs 10 crore and above during 2025," the report said.
New Micro-Markets Driving Demand
Industry executives said the growth is no longer restricted to established luxury pockets.
“What is particularly notable is that this growth is no longer confined to legacy addresses. Emerging micro-markets such as Dwarka Expressway, Golf Course Road, and Golf Course Extension Road are collectively driving a structural expansion supported by infrastructure upgrades, superior product launches, and enhanced connectivity," said Tina Talwar, Area Director, India Sotheby’s International Realty.
HNIs Fuel Segment Expansion
Market analysts attribute the surge to rising high-net-worth demand and capital inflows into premium housing.
“The nearly ten-fold growth in the luxury segment over the past two years underscores sustained buyer confidence, strong capital inflows, and the expanding base of high-net-worth individuals," said Abhishek Kiran Gupta, co-founder and CEO of CRE Matrix.
Market Signal
The data signals a structural shift in India’s luxury housing geography, with Gurugram emerging as a dominant high-value residential market alongside — and now temporarily ahead of — Mumbai in the Rs 10 crore-plus segment.
Manik Malik, CEO, BPTP said, “Gurugram’s luxury housing surge is a natural outcome of Delhi-NCR’s evolving growth geography. Over the past few years, the centre of gravity in NCR real estate has decisively shifted towards Gurugram, driven by focused infrastructure upgrades, metro expansion, expressway connectivity, and the rapid clustering of corporate and GCC occupiers across key corridors. Golf Course Road, Golf Course Extension Road, and Dwarka Expressway have emerged as the new urban core of aspirational living. With over 8 million sq. ft. of active office leasing by global corporates, job creation is increasingly concentrated here — bringing in upwardly mobile professionals, NRIs, and lifestyle-driven buyers seeking secure, high-end gated communities."
Source: News18
Related Posts: luxury homes Gurugram, luxury real estate Gurugram, high-end property sales Gurugram, ultra-premium homes Delhi NCR, luxury housing market India, Gurugram vs Mumbai real estate
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