Gurugram's Real Estate Market Facing Challenges: What the Report Reveals
Gurugram, once a booming real estate hub, is experiencing a slowdown, especially in the high-ticket segment. The report by Antique Stock Broking Limited highlights the challenges and the strategies adopted by developers to stay afloat.
GurugramReal EstateProperty MarketNoidaBengaluruReal Estate NewsSep 07, 2025
In the high-ticket categories, the momentum seems to be fading. The report notes that while developers are still managing to generate interest, they are increasingly relying on price reductions and flexible payment schemes to push deals through. That said, “Reputed developers are unlikely to face much challenge,” the report emphasised, suggesting that brand value and a history of timely delivery remain strong trust factors in this market segment.
Noida, on the other hand, is holding its ground, largely due to a persistent supply shortage. With fewer new launches and continued demand, prices are staying firm, and developers are not under the same pressure to offer discounts as their counterparts in Gurugram. Meanwhile, competition for project acquisitions is heating up in regions like MMR and Gurugram. “Buoyed by strong balance sheets and a focus on boosting pre-sales, competition for project acquisitions is intense,” the report states. This surge in interest, particularly for redevelopment opportunities, is inflating valuations—adding further strain to margins.
Southern cities like Bengaluru and Pune are defying expectations. Despite ongoing concerns about layoffs in the IT sector, Bengaluru witnessed healthy real estate absorption in July and August, particularly in units priced under ₹2 crore. Even properties above Rs 2 crore are selling steadily, though “with some inducements, such as relaxed payment plans, etc., are the order of the day.” In Pune, micro-markets like Hinjewadi and Hadapsar are witnessing robust demand, with absorption levels remaining consistently high.
The overall economic landscape appears to be supporting the real estate sector, at least for now. The report notes several key positives: a falling interest rate environment (the repo rate is currently at 5.5 per cent, with a 25 bps cut expected), low inflation (1.55 per cent in July), and recent income tax relief for individuals earning up to Rs 12 lakh annually. A solid monsoon and a strong Q1 GDP growth rate of 7.8 per cent have also bolstered market sentiment. However, “trade uncertainties with the US and layoffs in IT companies pose some risks,” the report cautions.
Frequently Asked Questions
What is causing the slowdown in Gurugram's high-ticket real estate market?
The slowdown in Gurugram's high-ticket real estate market is primarily due to a decrease in buyer interest and the need for developers to offer steep discounts and flexible payment schemes to attract serious buyers.
How is Noida's real estate market performing compared to Gurugram?
Noida's real estate market is holding its ground due to a persistent supply shortage. With fewer new launches and continued demand, prices are staying firm, and developers are not under the same pressure to offer discounts as in Gurugram.
What are the key economic positives supporting the real estate sector?
Key economic positives supporting the real estate sector include a falling interest rate environment, low inflation, recent income tax relief, a solid monsoon, and a strong Q1 GDP growth rate.
How are southern cities like Bengaluru and Pune performing in the real estate market?
Southern cities like Bengaluru and Pune are defying expectations with healthy real estate absorption. Bengaluru has seen strong demand in units priced under ₹2 crore, and Pune's micro-markets like Hinjewadi and Hadapsar are witnessing robust demand.
What risks are mentioned in the report that could impact the real estate market?
The report mentions trade uncertainties with the US and layoffs in IT companies as potential risks that could impact the real estate market.
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