India’s luxury realty arena witnessed a power shift in 2025 as Gurugram surged ahead of Mumbai, dominating ultra-luxury sales valued at Rs 24,120 crore for properties over Rs 10 crore. The findings, from a joint India Sotheby’s International Realty and CRE Matrix study, paint a picture of unrelenting demand in this dynamic satellite city.
Record-breaking 1,494 transactions unfolded, up dramatically from 2023’s Rs 4,004 crore total—a near-sixfold leap. These homes, averaging Rs 16 crore and 5,000 sq ft, comprised 24% of Gurugram’s residential market value. Notably, 4,000-6,000 sq ft units led sales, with oversized 8,000+ sq ft variants driving 22% of proceeds.
Expert insights illuminate the drivers. ‘Expansion is thriving in emerging areas like Dwarka Expressway, Golf Course Road, and its extensions,’ says India Sotheby’s Tina Talwar. CRE Matrix CEO Abhishek Kiran Gupta notes a tenfold growth spurt signaling deep buyer faith and capital surge: ‘Discerning purchasers favor established brands offering superior construction, locations, and facilities.’
Fuelled by HNIs and affluent NRIs, this trend underscores Gurugram’s evolution into a global luxury haven, bolstered by tech corridors and connectivity. The report forecasts continued vigor, positioning the city as a magnet for wealth creation and high-stakes investments amid India’s economic upswing.