High-Net-Worth Individuals Fuel Delhi-NCR's Luxury Real Estate Market
Delhi-NCR's luxury real estate market is witnessing a surge in high-value transactions, with cricketer Shikhar Dhawan and skincare brand founder Vineet Kapur making significant investments.
Luxury Real EstateHighnetworth IndividualsDelhincrReal Estate MarketMarquee AddressesReal Estate NewsMay 20, 2025
According to property registration documents reviewed by real estate data analytics firm CRE Matrix, cricketer Shikhar Dhawan has purchased a premium apartment in DLF’s The Camellias – The Dahlias, Gurugram, for ₹65.61 crore. Spanning 6,040 sq ft and including five parking spaces, the property was registered on February 4, 2025. Located on Golf Course Road, the project is known for its world-class amenities and a roster of prominent residents.
In another significant transaction, Vineet Kapur, founder of skincare brand O3+, and Sonia Kapur have acquired a bungalow in Delhi’s upscale Vasant Vihar for ₹72 crore. The 6,160 sq ft property was registered on April 3, 2025, according to documents seen by CRE Matrix.
These purchases form part of a broader trend, not just in Delhi-NCR, but nationwide, where the luxury segment continues to outperform the wider market. Buyers are favoring exclusive, asset-rich homes in well-established neighbourhoods, reinforcing the strength of high-end real estate in the region.
India’s retail real estate sector is on course for a record-breaking boom, with 16.6 million sq. ft. of Grade A mall space expected to be added across the top seven cities by the end of 2026, according to research by ANAROCK. Hyderabad and Delhi-NCR will account for nearly two-thirds of this expansion, reflecting their growing status as retail hotspots.
The surge comes after three years of supply lagging behind leasing demand. In 2024, for example, just 1.1 million sq. ft. of new space was delivered, while 6.5 million sq. ft. was leased. Now, developers are racing to meet the demand, driven by higher incomes, urbanisation, and the entry of over 60 global brands since 2021.
Vacancy rates are expected to stabilise at around 8% through 2026, down from pandemic highs, while interest is growing in Tier 2 and 3 cities. Analysts believe strong fundamentals will help avoid oversupply, as quality and experience take centre stage.
Frequently Asked Questions
Who are some notable high-net-worth individuals investing in Delhi-NCR's luxury real estate?
Notable high-net-worth individuals include cricketer Shikhar Dhawan and skincare brand founder Vineet Kapur, who have recently made significant investments in luxury properties in Gurugram and Vasant Vihar, respectively.
What is the current trend in the luxury real estate market in Delhi-NCR?
The current trend in the luxury real estate market in Delhi-NCR is a strong demand for exclusive, asset-rich homes in well-established neighbourhoods. High-net-worth individuals are making confident investments in prime real estate, driving the market forward.
What is the expected growth in Grade A mall space in India by 2026?
India’s retail real estate sector is expected to see a record-breaking boom, with 16.6 million sq. ft. of Grade A mall space expected to be added across the top seven cities by the end of 2026.
What factors are driving the demand for luxury real estate in Delhi-NCR?
The demand for luxury real estate in Delhi-NCR is driven by higher incomes, urbanisation, and the entry of global brands. Buyers are favoring exclusive, asset-rich homes in well-established neighbourhoods, reinforcing the strength of the high-end real estate market.
What is the expected vacancy rate in the retail real estate sector in the coming years?
Vacancy rates in the retail real estate sector are expected to stabilise at around 8% through 2026, down from pandemic highs. Strong fundamentals and a focus on quality and experience will help avoid oversupply.
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