Gurugram Housing Market Thrives: Steady Demand from End-Users and Investors
Gurugram's housing market is experiencing robust demand from both end-users and investors, dispelling concerns of a bubble, according to Signature Global Chairman Pradeep Kumar Aggarwal.
Gurugram Housing MarketReal Estate InvestmentHousing Price GrowthSignature GlobalLuxury Residential PropertiesReal Estate NewsJul 11, 2025
The Gurugram housing market is witnessing high demand from end-users as well as investors, and there is no undue speculation, Signature Global Chairman Pradeep Kumar Aggarwal said on Friday. He asserted that there is no bubble in the Gurugram housing market and ruled out any price crash.
However, Aggarwal said the pace of growth in average housing prices will now moderate at 8-10 per cent. The weighted average prices have appreciated by more than 100 per cent since 2020. 'There is no speculation and bubble in the Gurugram residential market. There is a genuine demand from end-users and investors,' he told reporters on the sidelines of an event organised by Assocham and CBRE. He was replying to a query related to concerns about possible crash in housing demand and prices in the Gurugram market.
Aggarwal highlighted that around 60 per cent of the demand comes from end-users, and there are local investors and NRIs who are buying for rental income and capital appreciation. Steady demand and a reasonable growth in prices are essential elements for healthy growth of the market, the Chairman said. 'We sold 4,000 units last fiscal. The request for cancellation of housing units and for transfer of property in another name was less than 5 per cent. This shows that there is minimal or no speculation,' Aggarwal said.
He said the maximum demand in Gurugram is for Rs 2-4 crore per unit category, but luxury and ultra luxury segments have also been performing well. Aggarwal noted that Gurugram is one of the most important office markets in the country and the city hosts many multi-national companies. This has resulted in a rise in demand for residential properties.
He also observed that many families from Delhi have moved to Gurugram in the last 2-3 years for a better lifestyle. Over the last two years, many developers, including realty major DLF, have reported complete sell-out of their entire residential projects within a few days of their launches.
According to data analytic firm PropEquity, the Gurugram housing market witnessed sales of nearly Rs 1.07 lakh crore in 2024, as against Rs 64,314 crore in the preceding calendar year.
Frequently Asked Questions
What is the current state of the Gurugram housing market?
The Gurugram housing market is experiencing strong demand from both end-users and investors, with no signs of a bubble. Prices have increased significantly since 2020 but are expected to moderate.
Is there any speculation or bubble in the Gurugram housing market?
According to Signature Global Chairman Pradeep Kumar Aggarwal, there is no speculation or bubble in the Gurugram housing market. The demand is genuine and driven by end-users and investors.
What is the expected growth rate in housing prices in Gurugram?
The pace of growth in average housing prices is expected to moderate to 8-10 per cent, as noted by Pradeep Kumar Aggarwal.
Who are the primary buyers in the Gurugram housing market?
Around 60 per cent of the demand comes from end-users, while local investors and NRIs are buying for rental income and capital appreciation.
What factors are driving the demand in the Gurugram housing market?
Gurugram's importance as an office market with many multi-national companies, along with families moving from Delhi for a better lifestyle, are key factors driving the demand.
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