Gurugram Tops Luxury Housing Sales in NCR with 10,365 Units Sold in H1 2024
Gurugram has emerged as the leader in luxury housing sales in the National Capital Region (NCR) with over 10,365 units sold in the first half of 2024, according to a report by ANAROCK. The city has seen a significant surge in demand for luxury homes, with
Gurugram Luxury HousingNcr Real EstateAnarock ReportLuxury HomesPremium Living SpacesReal Estate NewsAug 05, 2024
In contrast to 2019, when luxury home sales accounted for only 3% of the total, the numbers have seen a significant jump. Around 14,630 luxury units were purchased in NCR during the first half of 2024, compared to approximately 1,580 units in the entirety of 2019.
Gurugram recorded the highest number of luxury sales in the NCR region, with approximately 10,365 units sold. This was followed by Noida and Greater Noida combined, with 3,550 units, and the remaining 715 units were collectively sold in Delhi, Ghaziabad, Faridabad, and Bhiwadi.
Developers in the region are now focusing on delivering premium living spaces to cater to this growing market segment. Vikas Garg, Joint Managing Director, Ganga Realty, commented, “Gurugram is witnessing an unprecedented shift in buyer preferences towards luxury homes in the NCR region.
Saransh Trehan, Managing Director, Trehan Group, added, “Gurugram’s spectacular rise in the luxury real estate market is a testament to its growing appeal as a premier destination for high-end living.
Shiven Vikram Bhatia, Executive Director, Splendor Group, said, “The surge in luxury real estate sales in Gurugram is a clear indicator of the city’s evolving market dynamics and its position as a sought-after locale for upscale living.
The report also highlighted the shift in supply dynamics in the region, with developers increasing offerings in the luxury category while reducing those in the affordable sector. In the first half of 2024, approximately 24,300 units were introduced in the National Capital Region, with only 2,570 units classified as affordable.
The significant increase in luxury unit launches in the first half of 2024 reflects our commitment to meeting the sophisticated needs of our discerning clientele.
As developers, we are dedicated to fulfilling this demand by offering exquisite properties that not only meet but exceed the expectations of our elite clientele.
Gurugram’s growth trajectory in the luxury segment is a promising sign of the city’s bright future in real estate.
ABOUT Trehan Group
Trehan Group is a well-known name in the real estate industry, with a focus on delivering premium living spaces.
ABOUT Ganga Realty
Ganga Realty is a leading developer in the NCR region, with a commitment to delivering innovative and luxurious living spaces.
ABOUT Splendor Group
Splendor Group is a prominent player in the real estate market, with a focus on creating exceptional homes that define luxury and exclusivity.
Frequently Asked Questions
Which city leads in luxury housing sales in the NCR region?
Gurugram leads in luxury housing sales in the NCR region, with over 10,365 units sold in the first half of 2024.
What is the percentage of luxury homes sold in the NCR region in H1 2024?
Over 45% of the total housing units sold in the NCR region in H1 2024 were luxury homes.
How many luxury units were launched in the NCR region in H1 2024?
Approximately 18,600 luxury units were launched in the NCR region in H1 2024.
What is the affordable housing percentage in H1 2024?
Only 2,570 units, representing 11%, were classified as affordable in H1 2024.
Why are developers focusing on luxury housing in Gurugram?
Developers are focusing on delivering premium living spaces to cater to the growing demand for luxury homes in Gurugram.
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