Gurugram outpaces Mumbai in high-end luxury residential sale

Gurugram has emerged as India’s fastest-growing high-end luxury residential market, recording Rs 24,120 crore in transactions for homes priced at Rs 10 crore and above in 2025, outpacing Mumbai.

According to India Sotheby’s International Realty (ISIR) and CRE Matrix, 1,494 homes priced at Rs 10 crore and above sold during the year — the highest ever recorded in any 12-month period in the city.

The total transaction value surged six-fold from Rs 4,004 crore in 2023 to Rs 24,119 crore in CY2025.


In terms of number of units, the growth has been nearly tenfold— from 155 units in 2023 to nearly 1,500 units in 2025.

The average size of luxury homes sold in 2025 was approximately 5,000 sq. ft., reflecting demand for spacious residences. The 4,000–6,000 sq. ft. segment dominated the market, accounting for the highest share in value terms, while homes above 8,000 sq. ft. contributed nearly 22% of total value share.

“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.

As per the report, Dwarka Expressway recorded 2,079% surge in transaction value, increasing from Rs 383 crore in 2024 to Rs 8,347 crore in 2025, supported by large-scale luxury launches and improved infrastructure. Golf Course Extension Road (GCRE) witnessed a 379% rise in transaction value, accompanied by significant price appreciation, with weighted average prices increasing from Rs 24,855 per sq. ft. to ₹37,899 per sq. ft.

“The growth reflects expanding base of high-net-worth individuals,” said Abhishek Kiran Gupta, Co-founder & CEO, CRE Matrix.

With 103 Indian corporates raising a record USD 19.54 billion through main board IPOs in 2025, a new set of founders and entrepreneurs are now entering the luxury housing segment.

“Gurugram’s luxury housing surge is a natural outcome of Delhi-NCR’s evolving growth geography. Over the past few years, the center of gravity in NCR real estate has shifted towards Gurugram—driven by focused infrastructure upgrades, metro expansion, expressway connectivity, and the rapid clustering of corporate and GCC occupiers across key corridors,” said Manik Malik, CEO, BPTP.