Gurugram Overtakes Mumbai As Top Luxury Housing Market
Real Estate

Gurugram Overtakes Mumbai As Top Luxury Housing Market

Gurugram has overtaken Mumbai to become India’s largest market for luxury homes, according to a joint report by India Sotheby’s International Realty and CRE Matrix. The city recorded transactions worth Rs 241,200 million (mn) for homes priced at Rs 100 mn and above in 2025, representing an 80 per cent rise over Rs 133,840 mn in 2024. The surge illustrates a marked reallocation of high net worth capital towards Gurugram’s luxury segment.

Mumbai’s high-end market was comparatively stagnant, with transactions of Rs 219,020 mn in 2025 against Rs 204,150 mn in 2024, and unit sales of 967 compared with 924. Industry executives said Mumbai had not stagnated but that Gurugram outperformed due to the emergence of new micro markets and recent infrastructure upgrades. Several high profile project launches helped the shift, including DLF’s Dahlias and Camellias priced in the Rs 700 mn–Rs 1,020 mn range and branded residences by the Trump Organisation and Elie Saab.

The report identified the Dwarka Expressway, Golf Course Road and Golf Course Extension Road as primary drivers of expansion, supported by new supply and enhanced connectivity. The Dwarka Expressway saw a 2,079 per cent jump in transaction value, rising from Rs 3,830 mn in 2024 to Rs 83,470 mn in 2025, while Golf Course Extension Road recorded a 379 per cent increase from Rs 6,930 mn to Rs 33,190 mn. Sales of 1,494 homes in the Rs 100 mn plus segment represented the highest annual total on record for the city.

Demand was concentrated in larger units, with the 4,000–6,000 square foot category accounting for 1,029 of the 1,494 luxury homes and 54 per cent of transaction share. Units larger than 8,000 square feet contributed nearly 22 per cent of total value, and ultra-luxury housing made up 24 per cent of Gurugram’s residential market value with an average ticket size of about Rs 160 mn. Executives attributed the boom to broader capital formation and record IPO proceeds of $19.54 billion (bn) in 2025 creating a new cohort of buyers.

Gurugram has overtaken Mumbai to become India’s largest market for luxury homes, according to a joint report by India Sotheby’s International Realty and CRE Matrix. The city recorded transactions worth Rs 241,200 million (mn) for homes priced at Rs 100 mn and above in 2025, representing an 80 per cent rise over Rs 133,840 mn in 2024. The surge illustrates a marked reallocation of high net worth capital towards Gurugram’s luxury segment. Mumbai’s high-end market was comparatively stagnant, with transactions of Rs 219,020 mn in 2025 against Rs 204,150 mn in 2024, and unit sales of 967 compared with 924. Industry executives said Mumbai had not stagnated but that Gurugram outperformed due to the emergence of new micro markets and recent infrastructure upgrades. Several high profile project launches helped the shift, including DLF’s Dahlias and Camellias priced in the Rs 700 mn–Rs 1,020 mn range and branded residences by the Trump Organisation and Elie Saab. The report identified the Dwarka Expressway, Golf Course Road and Golf Course Extension Road as primary drivers of expansion, supported by new supply and enhanced connectivity. The Dwarka Expressway saw a 2,079 per cent jump in transaction value, rising from Rs 3,830 mn in 2024 to Rs 83,470 mn in 2025, while Golf Course Extension Road recorded a 379 per cent increase from Rs 6,930 mn to Rs 33,190 mn. Sales of 1,494 homes in the Rs 100 mn plus segment represented the highest annual total on record for the city. Demand was concentrated in larger units, with the 4,000–6,000 square foot category accounting for 1,029 of the 1,494 luxury homes and 54 per cent of transaction share. Units larger than 8,000 square feet contributed nearly 22 per cent of total value, and ultra-luxury housing made up 24 per cent of Gurugram’s residential market value with an average ticket size of about Rs 160 mn. Executives attributed the boom to broader capital formation and record IPO proceeds of $19.54 billion (bn) in 2025 creating a new cohort of buyers.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code