A major upheaval has been seen in the real estate market of the country. Mumbai, which has always been the crown jewel of the most expensive houses, has now been left behind. In the year 2025, Delhi-NCR’s IT hub Gurugram has overtaken Mumbai in the sale of luxury homes priced at Rs 10 crore and above.
Huge jump of 80 percent in sales, all records broken
According to the report of India Sotheby’s International Realty and data analytics firm Cray Matrix, the demand for luxury homes in Gurugram has increased rapidly. Last year, a huge increase of 80 percent was recorded in the sales of houses priced above Rs 10 crore. This sale reached Rs 24,120 crore in terms of value, which is the new direction of Indian real estate.
The figure crossed 24 thousand crores, Mumbai lagged behind
During this period, the sale of houses in the same price category in Mumbai stood at Rs 21,902 crore. Whereas in Gurugram this figure crossed Rs 24,120 crore. In the year 2024, houses worth Rs 13,384 crore were sold in Gurugram. In the last calendar year, 1,494 homes worth more than Rs 10 crore were purchased, while only 519 properties were sold in 2024.
Golf course, Dwarka Expressway became first choice
This rapid development is not limited to old residential areas only. Emerging micro-markets such as Dwarka Expressway, Golf Course Road and Golf Course Extension Road have become the new hubs of real estate. This expansion is happening due to better connectivity, improving infrastructure and exciting new projects. This is the reason why the inclination of buyers has increased towards these new areas.
Unwavering confidence of buyers in the market
Almost ten times growth has been registered in the luxury segment in the last two years. This huge surge mainly reflects the strong confidence of buyers and investment capital coming into the market. The increasing number of high-net-worth individuals i.e. the rich is continuously driving up this particular demand and there is a strong flow of money in the market.
According to Cray Matrix officials, this surge reflects a strong foundation of the market. Wealthy buyers are now looking for not just a home but a world-class lifestyle. Gurugram’s new infrastructure and modern facilities have fulfilled this desire, making this city now the country’s most prominent market in terms of expensive and luxury homes.