Gurugram has emerged as the country’s largest market by value for ultra-luxury homes priced at Rs 10 crore and above in 2025.
In this race, Gurugram has surged ahead of Mumbai in a striking reshaping of India’s luxury housing map.
Ultra-luxury Sales Reaching A Record High
Gurugram clocked transactions worth Rs 24,120 crore in the Rs 10-crore-plus segment during calendar year 2025, according to the latest High-End Luxury Housing Report by India Sotheby’s International Realty and CRE Matrix.
This is a record for any Indian city, on the other hand Mumbai has sold ultra-luxury homes worth Rs 21,902 crore in the Rs 10 crore and above category in 2025.
It appears that 1,494 homes priced above Rs 10 crore were sold in Gurugram in 2025, the highest ever recorded in a 12-month period for the city, as per the report released on February 23.
The surge marks a nearly tenfold jump in unit sales from just 155 homes in 2023, underscoring accelerating wealth creation and growing participation from high-net-worth and ultra-high-net-worth individuals, it said.
The market expanded six-fold in two years in terms of values expanding from Rs 4,004 crore in 2023 to over Rs 24,000 crore in 2025.
Ultra-luxury Category Driving Market Share
This has cemented Gurugram’s position as India’s most dynamic ultra-luxury residential hub. Earlier, the city had sold ultra-luxury homes worth Rs 13,383 crore during 2024.
After Gurugram and Mumbai, the next spot is gained by Noida and Greater Noida in terms of sale of ultra-luxury homes priced Rs 10 crore and above. Both of them together sold Rs 9,358 crore worth homes in the ultra-luxury segment in CY 2025.
In the ultra-luxury category, Hyderabad and Bengaluru sold homes worth Rs 8,140 crore and Rs 2,319 crore respectively in 2025.
It seems that the ultra-luxury housing accounted for 24 percent of Gurugram’s total residential market value in 2025.
This is signaling sustained appetite for large, premium residences with an average ticket size of around Rs 16 crore per home.
Moving ahead, the homes averaging about 5,000 sq. ft. dominated demand, particularly in the 4,000–6,000 sq. ft. category.
On the other hand, the residences which are larger than 8,000 sq. ft. contributed nearly 22 percent of total transaction value, further highlighting buyers’ willingness to pay a premium for scale, privacy and exclusivity, the report showed.
There is a defining shift for the rise of emerging luxury corridors as the micro-markets such as Dwarka Expressway, Golf Course Road and Golf Course Extension Road together drove much of the expansion mainly supported by infrastructure upgrades, new supply and enhanced connectivity.
Dwarka Expressway posted a staggering 2,079 percent jump in transaction value, rising from Rs 383 crore in 2024 to Rs 8,347 crore in 2025 as per the report.
Similarly, the Golf Course Extension Road recorded a 379 percent increase in sales value, witnessing a sharp price appreciation, with weighted average prices climbing from Rs 24,855 per sq. ft. to Rs 37,899 per sq. ft.
In the meantime, the traditional prime pockets such as Golf Course Road saw steadier activity, constrained by limited new inventory.
India Sotheby’s International Realty, Area Director, Tina Talwar said, “What is particularly notable is that growth is no longer confined to legacy addresses. Emerging micro-markets are now driving a structural expansion of Gurugram’s luxury housing market.”
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