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Gurugram Tops Mumbai in Ultra-Luxury Home Sales, Hits Record ₹24,120 Cr

Gurugram has emerged as India's fastest-growing ultra-premium residential hub, recording a staggering ₹24,120 crore in sales for homes priced above ₹10 crore in 2025. This marks a nearly six-fold increase from 2023 and surpasses Mumbai in value for this luxury segment. The surge is driven by high-net-worth individuals, with an average home size of 5,000 square feet and an average ticket size of ₹16 crore. Experts attribute the growth to expanding micro-markets and sustained buyer confidence in prime locations and branded developments.

Key Points: Gurugram Beats Mumbai in Ultra-Luxury Home Sales in 2025

  • Gurugram sales hit ₹24,120 crore
  • Outpaces Mumbai in Rs 10 crore+ segment
  • 1,494 ultra-luxury homes sold in 2025
  • Average ticket size around ₹16 crore
2 min read

Gurugram surpasses Mumbai in ultra-luxury sales in 2025

Gurugram surpasses Mumbai with record ₹24,120 crore in ultra-luxury home sales in 2025. See the data and expert insights driving this boom.

"Buyers are becoming more selective, focusing on prime locations, superior construction quality and branded developments. - Abhishek Kiran Gupta"

New Delhi, Feb 23

India's luxury housing market has found a new leader in 2025, with Gurugram emerging as the country's fastest-growing ultra-premium residential hub, a report said on Monday.

The city recorded a massive Rs 24,120 crore worth of transactions in homes priced at Rs 10 crore and above during calendar year 2025, according to the latest High-End Luxury Housing Report released by India Sotheby's International Realty and CRE Matrix.

The numbers mark a watershed moment for Gurugram's property market. Around 1,494 homes priced at Rs 10 crore and above were sold in 2025 -- the highest ever recorded in a single year in the city.

The total sales value has jumped nearly six times in just two years, rising from Rs 4,004 crore in 2023 to over Rs 24,000 crore in 2025.

In terms of value, Gurugram has now outpaced Mumbai in luxury home sales in the Rs 10 crore-plus category, as per the report.

The report showed that the ultra-luxury segment accounted for 24 per cent of the city's total residential market in value terms in 2025.

The average ticket size of homes sold in this segment stood at around Rs 16 crore -- reflecting strong demand from high-net-worth individuals and ultra-HNIs.

The average home size was about 5,000 square feet, the report stated.

Homes in the 4,000 to 6,000 square feet category dominated sales in value terms, while properties larger than 8,000 square feet contributed nearly 22 per cent of the total transaction value.

According to Tina Talwar, Area Director at India Sotheby's International Realty, this growth is no longer limited to traditional premium addresses.

"Emerging micro-markets such as Dwarka Expressway, Golf Course Road and Golf Course Extension Road are driving the next phase of expansion," Talwar added.

Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix, said the nearly tenfold rise in luxury home sales over the past two years reflects sustained buyer confidence and strong capital inflows.

"Buyers are becoming more selective, focusing on prime locations, superior construction quality and branded developments with premium amenities," Gupta mentioned.

- IANS

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Reader Comments

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Priya S
While this is great for the economy and shows India's growing wealth, I can't help but think of the contrast. Just a few kilometers away, people struggle for basic housing. I hope some of this prosperity trickles down and the government invests in better public infrastructure for all.
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Vikram M
Dwarka Expressway is the new gold mine! Bought a plot there 5 years ago and the appreciation is insane. The connectivity to Delhi and IGI airport is a game-changer. Mumbai will always be iconic, but for new money and a certain lifestyle, Gurugram is the place to be.
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Sarah B
Interesting data point. I work in real estate analytics. The shift isn't just geographical; it's about the product. Gurugram's new developments offer integrated townships with clubs, schools, and security that appeal to a global Indian buyer. Mumbai's stock is often older, standalone buildings.
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Rohit P
All this luxury development, but what about the water crisis and traffic jams? The authorities need to solve these basic issues first. You can't have a 16 crore home and worry about tanker supply every summer. Fix the fundamentals, then celebrate the fancy numbers.
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Ananya R
This reflects the new India. Entrepreneurs, professionals, and returning NRIs want modern, spacious homes. A 5000 sq ft apartment in South Mumbai would cost a fortune. In Gurugram, you get that space, plus amenities, for a relatively better value. It's a smart choice for families.

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