Delhi NCR Sees 9% Rise in Luxury Housing Sales in H1 2025; Gurugram Leads the Way
Delhi NCR's luxury housing market saw a significant 9% year-on-year increase in sales, totaling 5,168 units in the first half of 2025. Gurugram, particularly its Southern Peripheral Road and Dwarka Expressway, drove the majority of these sales.
Luxury HousingReal EstateDelhi NcrGurugramInfrastructureReal Estate NewsAug 07, 2025
Gurugram emerged as the top performer, accounting for 91% of NCR’s luxury sales. The city captured 65% of all luxury home transactions across the top seven Indian cities. The Southern Peripheral Road (SPR) and Dwarka Expressway alone contributed 61% of Gurugram’s luxury housing sales in the first half of 2025.
Several factors have contributed to the steady demand for luxury housing in NCR. Rising disposable income, a growing preference for aspirational lifestyles, and the desire for homes with superior amenities have all played a role. Despite an overall decline in residential sales volume in the first half of 2025 across all cities, including Delhi NCR, real estate developers are actively launching luxury supply with the best amenities and prime construction quality.
JLL noted that developers remain confident about Delhi NCR’s vast market potential to absorb such products, especially with the upcoming festive season and a tamed inflationary scenario in the country. Prominent real estate developers with a strong presence in Delhi NCR are also expanding their reach to other markets like Mumbai, according to Samantak Das, Chief Economist and Head of Research and REIS, India, at JLL.
Despite a 23% annual decline in overall housing sales across Delhi NCR, luxury housing remained resilient. The share of luxury homes in total sales surged to 27% in H1 2025, up from 19% in H1 2024 and 12% in H1 2023.
The Southern Peripheral Road (SPR) emerged as a major hotspot for luxury housing in Gurugram, accounting for 39% of all sales in the ₹5 crore-and-above segment during the first half of 2025. The completion of the Dwarka Expressway, also known as the Northern Peripheral Road, has significantly boosted demand across both the SPR and Dwarka Expressway corridors. Together, these two submarkets contributed to 61% of all luxury home sales in Delhi NCR during the period.
Several prominent national and regional developers launched high-end residential projects along the SPR in H1 2025, with improved infrastructure driving both prices and buyer interest. The operational status of the Dwarka Expressway has led to a notable surge in property values, pushing several projects into the luxury category.
Meanwhile, established luxury zones such as Golf Course Road continued to see steady demand. However, their share of overall luxury sales remained limited to around 10%, as most new launches in this prime corridor had only a few units left for sale. Upcoming infrastructure projects, including the new Gurugram Metro line, are expected to further enhance the appeal of emerging luxury submarkets like SPR and Dwarka Expressway, making them increasingly attractive for both end-users and investors.
Manish Aggarwal, Senior Managing Director (North and East) at JLL, highlighted Gurugram's position as the epicenter of luxury real estate in India. The launch of 22,000 luxury units in Delhi NCR since 2020, with 89% of these units in Gurugram, underscores the city’s transformation into a premium housing destination.
Frequently Asked Questions
What is the overall trend in luxury housing sales in Delhi NCR for H1 2025?
Delhi NCR's luxury housing market saw a 9% year-on-year increase in sales, totaling 5,168 units in the first half of 2025.
Which areas in Gurugram are driving the luxury housing market?
The Southern Peripheral Road (SPR) and Dwarka Expressway are the key areas driving luxury housing sales in Gurugram, contributing 61% of the sales in H1 2025.
What factors are contributing to the growth in luxury housing demand in NCR?
Rising disposable income, aspirational lifestyle priorities, and the desire for homes with better amenities are the main factors contributing to the growth in luxury housing demand in NCR.
How are infrastructure projects impacting the luxury housing market in Gurugram?
The completion of the Dwarka Expressway and the upcoming Gurugram Metro line are enhancing the appeal of emerging luxury submarkets like SPR and Dwarka Expressway, making them attractive for both end-users and investors.
What is the share of luxury homes in total sales in H1 2025 compared to previous years?
The share of luxury homes in total sales surged to 27% in H1 2025, up from 19% in H1 2024 and 12% in H1 2023.
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