Is Gurugram's Real Estate Market Cooling Down? Here's What the Report Says
Gurugram, one of India’s hottest real estate hubs, is experiencing a slowdown, especially in the premium segment. However, mid-tier properties are still attracting buyers.
GurugramReal EstateNoidaBengaluruPuneReal EstateSep 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 the current trend in Gurugram's real estate market?
Gurugram's real estate market, particularly in the premium segment, is showing signs of a cool-down. Developers are offering discounts and flexible payment schemes to attract buyers.
How is Noida's real estate market performing?
Noida's market is holding steady due to a supply shortage. Prices are firm, and developers are not under the same pressure to offer discounts as in Gurugram.
What is the impact of economic factors on the real estate sector?
Several macroeconomic positives, such as a falling interest rate environment, low inflation, and income tax relief, are supporting the real estate sector. However, trade uncertainties and layoffs in the IT sector pose risks.
How are southern cities like Bengaluru and Pune performing in real estate?
Bengaluru and Pune are witnessing healthy real estate absorption, particularly in units priced under ₹2 crore. Even higher-priced properties are selling steadily with some inducements.
What is the competition like for project acquisitions in regions like MMR and Gurugram?
Competition for project acquisitions is intense in regions like MMR and Gurugram, with strong balance sheets and a focus on boosting pre-sales driving the surge in interest.
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