India’s luxury housing landscape saw a dramatic reshuffle in 2025, with Gurugram overtaking Mumbai in the sale of homes priced at ₹10 crore and above — a segment long dominated by the financial capital. According to the latest High‑End Luxury Housing Report by India Sotheby’s International Realty and CRE Matrix, Gurugram recorded an astonishing ₹24,120 crore worth of transactions in the ultra‑luxury bracket in calendar year 2025. That’s a leap from just ₹4,004 crore in 2023, marking a six‑fold jump in two years.
In total, around1,494 ultra‑luxury homespriced at ₹10 crore and above were sold in Gurugram — the highest number ever recorded for the city in a single year. This surge was driven by strong interest from high‑net‑worth individuals (HNWIs) and ultra‑HNWIs seeking spacious, premium residences with superior amenities.
Several factors are reshaping preferences in India’s high‑end housing market:
Emerging premium micro‑marketssuch asDwarka Expressway,Golf Course Road, andGolf Course Extension Roadare attracting wealthy buyers with top‑tier projects and improved connectivity.
Infrastructure upgrades, coupled with coordinated development policies in the National Capital Region (NCR), are enhancing overall livability.
Greater participation from new wealth cohorts, including entrepreneurs and senior executives, has boosted demand for larger floor‑plates and branded developments.
While Mumbai continues to be a premier luxury real estate market, its ultra‑luxury segment registered sales north of ₹21,900 crore in 2025 — slightly trailing Gurugram’s total. This underscores a pivotal trend: wealthy buyers are looking beyond traditional metros for premium living options.
The rise of Gurugram in the ₹10‑crore‑plus segment signals broader evolution in India’s property market:
Amore diversified luxury landscape, with multiple cities now competing for high‑end buyers.
Increasingstrategic investment in emerging corridors, not just established addresses.
Evidence thatcapital inflows and buyer confidenceremain strong despite global economic headwinds.
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