New Delhi, February 23 Sales of luxury homes, costing more than Rs 10 crore, in Gurugram rose by 80% last year to Rs 24,120 crore, according to a report, due to higher volumes and price increases.
Real estate consultancy India Sotheby's International Realty (ISIR) and data analytics firm CRE Matrix released a report on Gurugram's primary luxury housing market on Monday, highlighting that the IT city, located in Delhi-NCR, has surpassed Mumbai in sales of homes priced at Rs 10 crore and above, in terms of value.
Mumbai saw sales of homes worth Rs 21,902 crore in this price category.
According to the data, sales of luxury homes priced at Rs 10 crore and above jumped nearly three times to 1,494 units in Gurugram during the last calendar year, from 519 units in the previous year.
In terms of value, sales increased to Rs 24,120 crore last year from Rs 13,384 crore in 2024.
"While Mumbai has traditionally been the most expensive real estate market, Gurugram in Delhi-NCR, has outperformed Mumbai in total sales value for luxury homes priced at Rs 10 crore and above during 2025," the report said.
Tina Talwar, Area Director, India Sotheby's International Realty, said, "What is particularly notable is that this growth is no longer limited to established locations. Emerging micro-markets such as Dwarka Expressway, Golf Course Road, and Golf Course Extension Road are collectively driving structural expansion supported by infrastructure upgrades, superior product launches, and enhanced connectivity."
Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix, said the near ten-fold growth in the luxury segment over the past two years underscores sustained buyer confidence, strong capital inflows, and the expanding base of high-net-worth individuals.
