Delhi-NCR Takes the Lead in India's Luxury Housing Market
Delhi-NCR has emerged as the top-selling housing market in India, with a significant rise in luxury launches and a robust pipeline of premium projects. The region is witnessing record-breaking sales and growing interest from developers and homebuyers.
Luxury HousingDelhincrReal EstatePremium ProjectsHighnetworth IndividualsReal Estate NewsJun 11, 2025
As reported by PropEquity, Delhi-NCR has surpassed Mumbai and Hyderabad to become the top-selling housing market across nine cities in 2024. This growth is primarily driven by a 66% increase in sales value in Gurugram alone, pushing the region's sales value to over Rs 1 lakh crore. The overall sales value in the top nine cities increased by 12% to Rs 6.73 lakh crore in 2024, with Delhi-NCR recording a 63% hike in its sales value to Rs 1.53 lakh crore. Gurugram alone crossed the Rs 1 lakh crore threshold in 2024.
Leading developers are doubling down on Delhi-NCR, with a robust pipeline of premium projects. The response to Trump Towers in Gurugram highlights the region’s growing appetite for marquee addresses. Gurugram-based Landmark Group is planning a strategic expansion with a luxury group housing project along the Dwarka Expressway, slated for launch in the second half of 2025.
Sandeep Chhillar, Founder and Chairman of Landmark Group, commented, “The luxury housing boom in Delhi-NCR isn’t a fleeting phase; it’s a defining shift in how affluent buyers want to live. Micro-markets like Dwarka Expressway are the catalysts behind Gurugram’s growth, and that’s why we’re strategically expanding here. We see this as a moment of transformation, aligning with our upcoming premium residential project.”
KREEVA, the luxury real estate venture of the Kanodia Group, has entered the market with a bold vision through “The Dualis” in Gurugram, in collaboration with Shapoorji Pallonji Real Estate and ASK Property Fund. The project is expected to generate over Rs 1,400 crore in revenue.
Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group, stated, “Delhi-NCR has seen an extraordinary shift in luxury housing demand over the past few years. The 66% surge in sales value is a result of massive infrastructure upgrades, evolving lifestyle preferences, and an influx of aspirational buyers. ‘The Dualis’ in Gurugram is not just our debut in Delhi-NCR; it represents our belief in the region’s growing cultural and economic sophistication.”
Delhi-NCR’s dominance in the luxury housing market is attributed to its infrastructure momentum, including projects like the Dwarka Expressway, Urban Extension Road-II, and expanding metro connectivity. These developments are unlocking new corridors of growth. Areas like Sohna, Golf Course Extension Road, and other micro-markets are rapidly evolving into premium residential and business hubs. The region is also seeing growing interest from high-net-worth individuals (HNIs) and seasoned developers who view NCR as a lucrative opportunity and the epicenter of India’s luxury housing evolution.
MRG Group is building on its earlier success with the launch of MRG Crown Luxury 2.0, aimed at catering to the growing appetite for refined living. Rajjath Goel, Managing Director of MRG Group, emphasized, “What sets Delhi-NCR apart is its unique blend of aspiration and innovation in the luxury segment. Our vision behind launching MRG Crown Luxury 2.0 is to meet the growing demand for curated, premium homes and underscore our commitment to crafting elegant, future-ready homes. The strong response to our earlier projects reaffirmed the market’s hunger for well-designed, spacious, and exclusive residences. We are bullish on Delhi-NCR’s potential to lead and shape India’s luxury housing narrative for the next decade.”
Frequently Asked Questions
What is driving the luxury housing boom in Delhi-NCR?
The luxury housing boom in Delhi-NCR is driven by massive infrastructure upgrades, evolving lifestyle preferences, and an influx of aspirational buyers. Projects like the Dwarka Expressway and expanding metro connectivity are unlocking new corridors of growth, making the region more attractive for luxury living.
Which cities are part of the top-selling housing market in India?
The top-selling housing market in India includes nine cities, with Delhi-NCR leading the pack. Other notable cities include Mumbai, Hyderabad, Bengaluru, and others.
What is the significance of the Dwarka Expressway in Gurugram?
The Dwarka Expressway is a significant infrastructure project in Gurugram that is unlocking new corridors of growth and transforming the region into a premium residential and business hub. It is one of the key factors driving the luxury housing boom in Gurugram.
Who are some of the leading developers in Delhi-NCR's luxury housing market?
Some of the leading developers in Delhi-NCR's luxury housing market include Landmark Group, KREEVA (a venture of the Kanodia Group), and MRG Group. These developers are launching premium projects and contributing to the region's luxury housing growth.
What is the expected revenue from KREEVA's 'The Dualis' project in Gurugram?
KREEVA's 'The Dualis' project in Gurugram, in collaboration with Shapoorji Pallonji Real Estate and ASK Property Fund, is expected to generate over Rs 1,400 crore in revenue.
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