Delhi-NCR Leads Rs 5 Crore+ Home Sales in 2025: A Luxury Housing Revolution
As India's overall residential real estate market moderates, the luxury housing segment in Delhi-NCR is thriving, with homes priced above Rs 5 crore leading the charge. Discover the key drivers behind this premium property boom.
Luxury HousingReal EstateDelhincrInfrastructureHighnetworth IndividualsReal EstateOct 07, 2025
This surge reflects a powerful structural shift in the National Capital Region’s property landscape. Sales of Rs 5 crore+ homes in Delhi-NCR grew 9% year-on-year, up from 4,763 units in H1 2024 and a dramatic jump from 2,287 units in H1 2023. As a result, luxury homes now make up 27% of all residential sales in the region — up from 19% last year and just 12% in 2023.
At the heart of this boom is Gurugram, which has emerged as India’s most dynamic premium residential market, accounting for more than 90% of the region’s luxury housing sales in H1 2025. The transformation is closely tied to the rapid development of marquee infrastructure projects such as the Dwarka Expressway and the Southern Peripheral Road, which have enhanced connectivity, boosted liveability, and elevated the investment appeal of surrounding areas.
“Delhi-NCR's luxury residential sales, especially in the Rs 5 crore+ segment, signal more than economic momentum; they are a sign of a deep change in investment strategy, investor psyche, and the urban dream. Gurugram alone occupied more than 90% of the area's luxury sales in H1 2025 and is India's most dynamic premium residential market. These are complemented by infrastructure landmarks such as the Dwarka Expressway and Southern Peripheral Road, which not only increased livability but also improved the investment potential of the corridors,” said Abhishek Raj, Founder & CEO of Jenika Ventures.
The luxury housing story in Delhi-NCR is also being reshaped by a new demographic of buyers — globally exposed NRIs, CXOs, and entrepreneurs who view homes not just as addresses but as lifestyle statements. They demand smart, airy, wellness-oriented homes, with features like biophilic design, automation, and green-building certifications becoming baseline expectations rather than add-ons.
“Today's luxury buyers are internationally sophisticated, NRIs, CXOs, and women and men entrepreneurs who crave smart, airy homes with foliage, well-being zones, and hi-tech integration. Market maturity is described in their needs: gated enclaves, green-building certified buildings, biophilic design, and automation-smart homes are the minimum requirements of the day. Also, India's regulatory framework, particularly RERA, has provided a much-needed trust and transparency, making high-value transactions possible,” Raj added.
“Delhi-NCR's luxury residential sector is moving into a structurally healthy phase where lifestyle values and long-term value creation converge. It is no longer houses; it is legacy homes and heritage living,” he further added.
Beyond individual homes, Delhi NCR’s luxury real estate growth is now being driven by the integration of lifestyle ecosystems — where luxury housing is complemented by premium retail, wellness, and community spaces. Gurugram’s SPR and Dwarka Expressway belts, for instance, now account for 61% of the region’s high-value deals.
“Delhi-NCR's dominance of the Rs 5 crore+ luxury residential space is the repurposing of the area as a lifestyle-driven real estate hub. With 5,168 units of luxury space sold during H1 2025, a year-on-year increase of 8.5%, this represents not only volume but also an increase in high-end Indian and NRI consumer aspirations. Gurugram, especially the SPR and Dwarka Expressway belts, is presently the hub of this shift, with 61% of the area's high-value deals,” said Pawan Sharma, Managing Director, TRG Group.
“Across our experience, we’ve seen a clear convergence of luxury residential demand and high-end lifestyle infrastructure. Today’s buyer isn’t just looking for a premium home; they’re seeking an ecosystem where luxury retail, wellness, smart living, and community experiences come together. The presence of upscale, thoughtfully curated spaces like TRG The Mall has become a defining factor in the ultra-luxury segment. This reflects the growing preference for mixed-use developments that combine convenience, exclusivity, and lifestyle-driven design,” Sharma added.
He also pointed out that regulatory transparency under RERA, a robust macroeconomic climate, and growing offshore capital inflows have further strengthened buyer confidence. “The luxury home of the day is not just an address; it's a statement of lifestyle, identity, and investment in the future,” he said.
Developers agree that the nature of luxury home purchases is shifting from pure investment plays to lifestyle-driven decisions — a trend that has allowed the segment to remain resilient despite broader market volatility.
“Delhi NCR has emerged as the clear leader of India’s luxury housing market in 2025. Sales of homes priced above Rs 5 crore grew by 9% in the first half of this year compared to 2024, underlining the segment’s resilience even amid broader market uncertainties. This steady rise reflects how lifestyle-driven purchases are increasingly outweighing pure investment motives,” said Pyush Lohia, Director of Lohia Worldspace.
Lohia noted that NCR’s dominance — accounting for nearly 65% of luxury sales in major Indian cities — stems from a confluence of infrastructure upgrades, improved connectivity, and a growing appetite for wellness-focused, spacious homes, particularly among HNIs and NRIs. Unlike the mid-market segment, luxury housing is relatively insulated from interest rate movements, with buyers viewing these properties as secure stores of wealth and long-term lifestyle assets.
The ripple effects of this shift are now extending beyond NCR. “The ripple effect is beginning to show in Tier-2 cities as well. Aspirational families and returning professionals are mirroring these preferences and are not always in ticket sizes, but in their desire for exclusivity, sustainability, and technology-enabled living. The NCR story, in that sense, is also a glimpse into how India’s evolving urban aspirations are shaping housing across geographies,” Lohia added.
Frequently Asked Questions
What is driving the surge in luxury home sales in Delhi-NCR?
The surge in luxury home sales in Delhi-NCR is driven by rapid infrastructure development, improved connectivity, and a growing appetite for wellness-focused, spacious homes among high-net-worth individuals and NRIs.
What percentage of luxury home sales in India does Delhi-NCR account for?
Delhi-NCR accounts for nearly 65% of luxury home sales in major Indian cities.
How has the demographic of luxury buyers changed in Delhi-NCR?
The demographic of luxury buyers in Delhi-NCR has shifted to include globally exposed NRIs, CXOs, and entrepreneurs who view homes as lifestyle statements and demand features like biophilic design, automation, and green-building certifications.
What role do lifestyle ecosystems play in the luxury housing market in Delhi-NCR?
Lifestyle ecosystems, which integrate luxury housing with premium retail, wellness, and community spaces, are increasingly driving luxury real estate growth in Delhi-NCR, particularly in areas like Gurugram's SPR and Dwarka Expressway belts.
How has regulatory transparency under RERA impacted luxury home sales in Delhi-NCR?
Regulatory transparency under RERA has provided much-needed trust and transparency, making high-value transactions more secure and boosting buyer confidence in the luxury housing market of Delhi-NCR.
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