Gurugram Overtakes Mumbai As Top Luxury Housing Market

26 Feb 2026 CW Team

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.

"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 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.

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..