Gurugram’s real estate market has scripted history in 2025, clinching the top spot for ultra-luxury housing sales by value and leaving Mumbai in the dust. According to the latest high-end luxury housing report from India Sotheby’s International Realty and CRE Matrix, the city recorded Rs 24,120 crore in transactions for homes exceeding Rs 10 crore—a jaw-dropping escalation from Rs 4,004 crore in 2023.
A record 1,494 ultra-luxury units were sold, averaging Rs 16 crore apiece and covering about 5,000 square feet. This segment captured 24% of Gurugram’s residential sales by value, with 4,000-6,000 sq ft homes leading the charge and larger 8,000+ sq ft properties accounting for 22% of the value pie.
What was once Mumbai’s domain is now Gurugram’s triumph, driven by high-net-worth Indians and NRIs chasing exclusivity. Tina Talwar of India Sotheby’s highlights how growth is spilling into new frontiers: ‘Dwarka Expressway, Golf Course Road, and extensions are accelerating the expansion phase.’
Echoing this, CRE Matrix CEO Abhishek Kiran Gupta points to a tenfold surge in sales over two years as proof of sustained trust. Buyers, he says, are zeroing in on branded developments with unmatched quality, strategic locations, and luxury features. This dominance not only cements Gurugram’s status as India’s luxury capital but also hints at shifting wealth patterns, with tech professionals and entrepreneurs propelling the boom. Looking ahead, experts foresee sustained momentum as infrastructure upgrades further enhance appeal.