Gurugram overtakes Mumbai as India’s fastest-growing high-end luxury residential market; sees record Rs 24,120 crore in Rs 10 crore plus sales
Times of India
by TOI BUSINESS DESKFebruary 23, 2026
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Gurugram has emerged as India’s fastest-growing high-end luxury residential market, surpassing Mumbai in terms of total sales value for homes priced at Rs 10 crore and above. According to a report by Sotheby’s International Realty and CRE Matrix, Gurugram recorded an astounding Rs 24,120 crore in transactions for ultra-luxury properties during 2025, marking a nearly sixfold increase from the previous year’s Rs 4,004 crore. This remarkable growth was driven by a significant jump in the number of luxury homes sold—nearly 1,494 units were transacted, a tenfold rise from just 155 units sold in 2023. The report highlights Gurugram’s rising appeal as a prime destination for premium living, fueled by strong domestic wealth creation and increasing demand from high-net-worth individuals (HNIs) and ultra-HNIs.
The luxury real estate market in Gurugram has seen unprecedented growth across key locations. Areas like the Dwarka Expressway and Golf Course Extension Road have experienced staggering increases in transaction values—2,079% and 379%, respectively. This surge reflects a growing preference for expansive living spaces, with properties ranging between 4,000 to 6,000 square feet dominating sales by value. Homes exceeding 8,000 square feet accounted for nearly 22% of total transactions, underscoring the demand for larger, luxury dwellings. The average size of homes sold in 2025 was around 5,000 square feet, indicating a clear shift toward premium-quality living spaces.
This growth trajectory underscores Gurugram’s
Verticals
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Originally published on Times of India on 2/23/2026