Gurugram's Real Estate Boom: Luxury Projects Double in Value in 2024
Gurugram's real estate market has seen a significant surge in luxury project launches, reaching Rs 88,000 crore in 2024, reflecting a strong demand for upscale properties.
GurugramReal EstateLuxury ProjectsNcrInfrastructureReal Estate NewsFeb 11, 2025
This is a significant increase from Rs 45,000 crore in 2023, with developers focusing on upmarket luxury projects featuring larger flats.
According to Haryana RETA data, while 239 projects worth Rs 64,000 crore were launched in Gurugram in 2017, the number decreased to 124 projects in 2024, yet the total value increased substantially to Rs 88,000 crore.
Notable developers such as DLF, Signature Global, Godrej Properties, Sobha, TARC, and M3M have introduced projects in Gurugram over the past year.
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Frequently Asked Questions
What is the total value of new project launches in Gurugram in 2024?
The total value of new project launches in Gurugram in 2024 reached Rs 88,000 crore.
Which developers are notable for introducing luxury projects in Gurugram?
Notable developers introducing luxury projects in Gurugram include DLF, Signature Global, Godrej Properties, Sobha, TARC, and M3M.
How has the number of projects in Gurugram changed from 2017 to 2024?
The number of projects in Gurugram decreased from 239 in 2017 to 124 in 2024, while the total value increased from Rs 64,000 crore to Rs 88,000 crore.
What factors are driving the surge in luxury property demand in Gurugram?
The surge in luxury property demand in Gurugram is driven by economic growth, infrastructure development, and changing lifestyle preferences of homebuyers and investors.
How does Gurugram compare to other cities in the NCR region in terms of luxury project launches?
Gurugram dominated the luxury segment launches in the NCR region, representing 87% of such developments in 2024.
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