Gurugram Overtakes Mumbai As Top Luxury Housing Market

26 Feb 2026 CW Team

Mumbai's luxury segment remained comparatively stagnant, recording Rs 219.02 bn in 2025 as against Rs 204.15 bn in 2024. Gurugram sold 1,494 homes priced at Rs 100 million (mn) and above in 2025, the highest annual total, while Mumbai recorded 967 units in that band. The surge in Gurugram represented nearly a tenfold increase from 155 homes in 2023, signalling accelerating wealth creation and rising participation from HNIs and ultra-HNIs.

Micro-markets such as the Dwarka Expressway, Golf Course Road and Golf Course Extension Road underpinned much of Gurugram's expansion, supported by new supply and enhanced connectivity. The Dwarka Expressway saw the transaction value rise from Rs 3.83 bn in 2024 to Rs 83.47 bn in 2025, while Golf Course Extension Road rose from Rs 6.93 bn to Rs 33.19 bn. Developers introduced branded ultra-luxury projects with units priced from Rs 700 mn to Rs 1.02 bn, drawing buyers seeking scale and privacy.

Ultra-luxury housing accounted for 24 per cent of Gurugram's residential market value in 2025, with an average ticket size of about Rs 160 million (mn) per home, signalling sustained appetite for large premium residences. Units averaging 5,000 square foot dominated demand, with the 4,000-6,000 square foot category accounting for 1,029 of the 1,494 luxury homes sold and contributing 54 per cent of the transaction share. Industry executives linked the boom to broader capital formation, noting that 103 Indian companies raised a record US$19.54 bn through mainboard initial public offerings in 2025, creating more founders entering the ultra-luxury segment.

Gurugram overtook Mumbai to become India's largest market for luxury homes in 2025, with transactions worth Rs 241.2 billion (bn). The figure represented an 80 per cent rise over Rs 133.84 bn in 2024, according to a joint report by India Sotheby's International Realty and CRE Matrix. The growth was driven by a marked shift of high net-worth individuals towards luxury properties and high-profile project launches. Industry observers attributed the emergence to new micro-markets and infrastructure upgrades. Mumbai's luxury segment remained comparatively stagnant, recording Rs 219.02 bn in 2025 as against Rs 204.15 bn in 2024. Gurugram sold 1,494 homes priced at Rs 100 million (mn) and above in 2025, the highest annual total, while Mumbai recorded 967 units in that band. The surge in Gurugram represented nearly a tenfold increase from 155 homes in 2023, signalling accelerating wealth creation and rising participation from HNIs and ultra-HNIs. Micro-markets such as the Dwarka Expressway, Golf Course Road and Golf Course Extension Road underpinned much of Gurugram's expansion, supported by new supply and enhanced connectivity. The Dwarka Expressway saw the transaction value rise from Rs 3.83 bn in 2024 to Rs 83.47 bn in 2025, while Golf Course Extension Road rose from Rs 6.93 bn to Rs 33.19 bn. Developers introduced branded ultra-luxury projects with units priced from Rs 700 mn to Rs 1.02 bn, drawing buyers seeking scale and privacy. Ultra-luxury housing accounted for 24 per cent of Gurugram's residential market value in 2025, with an average ticket size of about Rs 160 million (mn) per home, signalling sustained appetite for large premium residences. Units averaging 5,000 square foot dominated demand, with the 4,000-6,000 square foot category accounting for 1,029 of the 1,494 luxury homes sold and contributing 54 per cent of the transaction share. Industry executives linked the boom to broader capital formation, noting that 103 Indian companies raised a record US$19.54 bn through mainboard initial public offerings in 2025, creating more founders entering the ultra-luxury segment.

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Real Estate

10 Apr 2026

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

Technology

10 Apr 2026

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..