India’s luxury real estate landscape has seen a dramatic shift. In 2025, Gurugram emerged as the country’s top market for ultra-luxury housing, overtaking Mumbai in sales of homes priced at ₹10 crore and above. This marks a significant reversal in a market long dominated by Mumbai.
Luxury Home Sales Jump by 80 Percent
According to a report by India Sotheby's International Realty in collaboration with data analytics firm Cre Matrix, Gurugram recorded an unprecedented surge in demand for high-end residential properties. Sales in the ₹10 crore-plus segment rose by nearly 80 percent year-on-year, reaching a total transaction value of ₹24,120 crore in 2025.
This sharp rise highlights a changing preference among wealthy homebuyers and signals a new growth trajectory for India’s luxury housing market.
Mumbai Slips to Second Position
During the same period, Mumbai recorded luxury home sales worth ₹21,902 crore in the ₹10 crore-plus category, falling short of Gurugram’s total. The scale of growth in Gurugram is evident when compared to earlier figures—sales in this segment stood at ₹13,384 crore in 2024.
The number of transactions also rose sharply. In 2025, as many as 1,494 homes priced above ₹10 crore were sold in Gurugram, compared to just 519 such transactions in the previous year.
Dwarka Expressway and Golf Course Corridors Lead Demand
The surge in luxury housing demand is not limited to traditional premium localities. Emerging micro-markets such as Dwarka Expressway, Golf Course Road, and Golf Course Extension Road have become prime destinations for high-end buyers.
These areas have benefited from enhanced road connectivity, upgraded infrastructure, and the launch of large-scale, premium residential projects. As a result, they are increasingly being seen as lifestyle-driven real estate hubs rather than just residential zones.
Strong Buyer Confidence Driving the Boom
The luxury housing segment has witnessed nearly tenfold growth over the past two years, reflecting strong confidence among affluent buyers and investors. A rising population of high-net-worth individuals and sustained capital inflows have played a key role in fueling this demand.
According to officials at Cre Matrix, buyers are no longer just investing in property but are seeking globally comparable living standards, modern amenities, and integrated lifestyles. Gurugram’s rapid infrastructure development and focus on premium living have helped the city meet these expectations, positioning it as India’s leading destination for luxury and ultra-luxury homes.
