Gurugram has overtaken Mumbai in luxury housing sales for homes priced at ₹10 crore and above in 2025, driven by a sharp rise in transaction volumes and price appreciation, according to a joint report by India Sotheby’s International Realty (ISIR) and CRE Matrix.
The report highlighted that Gurugram recorded luxury home sales worth ₹24,120 crore during the last calendar year, surpassing Mumbai’s ₹21,902 crore in the same price category.
In terms of volume, luxury housing sales in Gurugram nearly tripled to 1,494 units in 2025 from 519 units in the previous year. The value of transactions also rose significantly from ₹13,384 crore in 2024 to ₹24,120 crore in 2025, marking an 80 percent increase.
Traditionally regarded as India’s most expensive real estate market, Mumbai has long dominated the luxury segment. However, the report noted that Gurugram—part of the Delhi-NCR region—has emerged as a strong contender, supported by infrastructure upgrades, premium project launches, and improved connectivity.
Tina Talwar, Area Director at India Sotheby’s International Realty said the growth is no longer limited to established premium addresses. Emerging micro-markets such as Dwarka Expressway, Golf Course Road, and Golf Course Extension Road are playing a key role in driving expansion. These locations have witnessed increased investor interest due to superior amenities and enhanced infrastructure development.
Abhishek Kiran Gupta, co-founder and CEO of CRE Matrix, stated that the near ten-fold growth in the luxury segment over the past two years reflects sustained buyer confidence and a growing base of high-net-worth individuals. He also pointed to strong capital inflows and rising aspirational demand as major contributors to the surge.
The findings suggest a broader shift in India’s luxury housing landscape, with Gurugram increasingly positioning itself as a prime destination for ultra-premium residential investments.
Luxury Housing Boom: Gurugram Overtakes Mumbai in ₹10-Crore Segment
