Gurugram Luxury Real Estate Slows, But Noida, Bengaluru, and Pune Show Strong Demand
While Gurugram's luxury real estate market is cooling down, Noida, Bengaluru, and Pune are experiencing robust demand. The report by Antique Stock Broking Limited highlights the current trends and factors influencing the real estate sector.
Real EstateGurugramNoidaBengaluruPuneReal Estate PuneSep 08, 2025
Meanwhile, in Noida, demand remains steady as the market continues to grapple with a supply shortage, the report added. The report further added that buoyed by strong balance sheets and a focus on boosting pre-sales, competition for project acquisitions is intense. Many players vying for opportunities and pushing up valuations–particularly for redevelopment projects in MMR and those in Gurugram. While this is likely to put pressure on profit margins, companies with a healthy pipeline of ongoing projects over the next few years could find themselves in a favourable position, the report added.
Outside the north region, July and August real estate absorption in Bengaluru was very encouraging, contrary to expectations of muted absorption on the back of IT job lay-offs. The Conversion from footfalls were healthy. Ticket sizes below Rs 20 million are in the comfort zone. Whereas, units with higher ticket sizes greater than Rs 20 million are also witnessing healthy absorption, but with some inducements, such as relaxed payment plans, etc., are the order of the day.
Pune too has been witnessing strong absorption in Hinjewadi and Hadapsar micro-markets, the report added. The report further added that macroeconomic factors like interest rates are falling (the current repo rate is 5.5 per cent, with another 25 bps cut expected). Low inflation (1.55 per cent in July), income tax relief for earnings up to Rs 12 lakh per year, a good monsoon, and a strong first-quarter GDP growth of 7.8 per cent have all been positive signs, especially for the real estate sector. However, trade uncertainties with the US and layoffs in IT companies pose some risks, the report added.
Frequently Asked Questions
What is the current trend in Gurugram's real estate market?
Gurugram's real estate market is experiencing a slowdown in the high-ticket segment, with demand softening. However, there is still strong interest in the Rs 2-4 crore range, and developers are offering steep discounts to attract buyers.
How is the real estate market in Noida performing?
Noida's real estate market remains steady despite a supply shortage. There is intense competition for project acquisitions, particularly for redevelopment projects, which is pushing up valuations and potentially affecting profit margins.
What is the real estate absorption trend in Bengaluru?
Bengaluru has seen encouraging real estate absorption in July and August, contrary to expectations of a slowdown due to IT job layoffs. Units below Rs 20 million are in high demand, and higher ticket sizes are also seeing healthy absorption with inducements like relaxed payment plans.
How is the real estate market in Pune performing?
Pune is witnessing strong absorption in micro-markets like Hinjewadi and Hadapsar. Positive macroeconomic factors such as falling interest rates, low inflation, and strong GDP growth are supporting the real estate sector, although trade uncertainties and IT layoffs pose some risks.
What are the key macroeconomic factors influencing the real estate sector?
Key macroeconomic factors include falling interest rates, low inflation, income tax relief, a good monsoon, and strong GDP growth. These factors are generally positive for the real estate sector, although trade uncertainties and layoffs in IT companies pose some risks.
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