In a landmark shift in India’s premium real estate landscape, Gurugram has overtaken Mumbai in ultra-luxury home sales in 2025, redefining the country’s high-end residential market.
According to a luxury housing report by India Sotheby’s International Realty (ISIR) and CRE Matrix, Gurugram recorded an astounding ₹24,120 crore in transactions for homes priced above ₹10 crore during calendar year 2025 — the highest in India.
Mumbai followed with ₹21,902 crore, while Noida and Greater Noida collectively recorded ₹9,358 crore. Hyderabad registered ₹8,140 crore and Bengaluru ₹2,319 crore in the same segment.
This marks a historic turning point in India’s luxury property narrative.
Gurugram’s Record-Breaking Ultra-Luxury Growth in 2025
The numbers speak volumes:
1,494 ultra-luxury homes sold in 2025 — highest ever in a single year
Sales value surged from ₹4,004 crore in CY2023 to ₹24,119 crore in CY2025
Nearly 10x growth in just two years
Unit sales jumped from 155 homes in CY2023 to nearly 1,500 homes in CY2025
This extraordinary growth signals more than market momentum — it reflects structural transformation.
Strong domestic wealth creation, IPO-driven capital formation, and increasing participation from HNIs and ultra-HNIs have fueled this demand. In 2025 alone, 103 Indian corporates raised $19.54 billion via IPOs, creating a new class of affluent buyers entering the luxury housing market.
Why Gurugram is Attracting ₹10 Crore+ Homebuyers
Luxury demand is no longer limited to legacy prime locations. Emerging micro-markets are reshaping Gurugram’s residential map.
1. Dwarka Expressway: The New Luxury Corridor
2,079% surge in transaction value
Jump from ₹383 crore (CY2024) to ₹8,347 crore (CY2025)
Driven by large-scale luxury launches and improved connectivity
Dwarka Expressway has emerged as one of the fastest-growing luxury property markets in India, thanks to upgraded infrastructure and premium branded developments.
2. Golf Course Extension Road (GCRE): Price Appreciation Hub
379% rise in transaction value
Weighted average price increased from ₹24,855/sq ft to ₹37,899/sq ft
Golf Course Extension Road has become synonymous with high-end living, attracting discerning buyers seeking premium construction quality and luxury amenities.
3. Golf Course Road: Premium but Limited Inventory
Traditional premium corridors like Golf Course Road saw moderated sales due to limited new inventory — not lack of demand.
Larger Homes, Bigger Aspirations
The ultra-premium segment in 2025 was dominated by expansive residences:
Average home size: ~5,000 sq ft
4,000–6,000 sq ft category accounted for the highest value share
Homes above 8,000 sq ft contributed 22% of total transaction value
Buyers are clearly prioritising:
Larger layouts
Premium finishes
Branded residences
Amenity-rich gated communities
This indicates a maturing demand profile focused on quality and long-term value.
What Industry Leaders Are Saying
Tina Talwar, Area Director at ISIR, highlighted that growth is no longer confined to legacy addresses. Infrastructure upgrades and superior new launches are driving structural expansion.
Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix, emphasised that nearly tenfold growth in two years reflects sustained buyer confidence and strong capital inflows, even amid geopolitical headwinds.
Buyer sentiment remains optimistic — but increasingly selective.
Gurugram vs Mumbai: A Defining Shift
For decades, Mumbai dominated India’s ultra-luxury housing narrative. However, 2025 marks a decisive shift:
| City | Ultra-Luxury Sales Value (₹10 Cr+) |
|---|
| Gurugram | ₹24,120 crore |
| Mumbai | ₹21,902 crore |
| Noida & Greater Noida | ₹9,358 crore |
| Hyderabad | ₹8,140 crore |
| Bengaluru | ₹2,319 crore |
Gurugram is no longer an emerging contender — it is now India’s leading ultra-luxury housing market.
The Bigger Picture: Structural Transformation, Not a Bubble
The nearly tenfold rise from 155 ultra-luxury homes in CY2023 to nearly 1,500 homes in CY2025 underscores:
Strong domestic wealth creation
IPO-driven liquidity events
Rising HNI & ultra-HNI base
Global investor confidence
Infrastructure-led growth corridors
This is not speculative buying — it reflects long-term capital allocation into real estate as a stable wealth asset.
Is Gurugram the New Luxury Capital of India?
All indicators suggest yes.
With ₹24,120 crore in ultra-luxury home sales, record transaction volumes, and explosive growth in micro-markets like Dwarka Expressway and Golf Course Extension Road, Gurugram has firmly positioned itself at the top of India’s premium residential hierarchy.
As infrastructure continues to improve and branded developments expand, Gurugram’s ultra-premium segment appears poised for sustained growth — even in a cautious global environment.
For HNIs, investors, and global buyers, the message is clear:
Gurugram is no longer catching up. It has arrived.
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