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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..