Gurugram Surpasses Mumbai in Luxury Home Sales with 80% Surge in 2025
Gurugram: The luxury housing market in Gurugram recorded a sharp 80 percent rise in sales value last year, overtaking Mumbai in the ultra-premium residential segment, according to a new industry report.
Data released by India Sotheby's International Realty (ISIR) in partnership with CRE Matrix shows that homes priced at Rs 10 crore and above generated total sales of Rs 24,120 crore in 2025, up from Rs 13,384 crore in the previous year.
In comparison, Mumbai recorded Rs 21,902 crore worth of transactions in the same price bracket.
Luxury home sales nearly triple in volume
The report highlights that the number of ultra-luxury homes sold in Gurugram surged nearly threefold to 1,494 units in 2025, compared to 519 units in 2024. Traditionally, Mumbai has dominated India’s premium real estate landscape. However, the latest figures indicate that Gurugram, a major IT and corporate hub in Delhi-NCR, has now emerged as the top market in terms of sales value for properties priced at Rs 10 crore and above.
Tina Talwar, Area Director at India Sotheby’s International Realty, said the expansion is no longer limited to established luxury addresses. “What is particularly notable is that this growth is no longer confined to legacy addresses. Emerging micro-markets such as Dwarka Expressway, Golf Course Road, and Golf Course Extension Road are collectively driving a structural expansion supported by infrastructure upgrades, superior product launches, and enhanced connectivity,” she noted.
According to the report, infrastructure upgrades, improved connectivity, and premium project launches have significantly enhanced buyer interest in these zones.
Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix, stated that the luxury segment has seen nearly tenfold growth over the past two years, reflecting sustained buyer confidence, strong capital inflows, and the expanding base of high-net-worth individuals.
Industry experts believe that Gurugram’s proximity to Delhi, expanding commercial ecosystem, and rise in luxury lifestyle developments have contributed to the growing demand for ultra-premium housing.
