Gurugram has moved ahead of Mumbai in the sale of ultra-luxury homes priced above Rs 10 crore, marking a major shift in India’s premium property market. According to a joint report by India Sotheby’s International Realty and CRE Matrix, 2025 has become a landmark year for the city’s high-end housing segment.
The report states that Gurugram recorded total sales of Rs 24,120 crore in homes priced at Rs 10 crore and above during 2025. This is the highest annual transaction value ever seen in the city for this category. In comparison, the figure stood at Rs 4,004 crore in 2023. Within just two years, the total value of deals has grown six times, showing how quickly the market has expanded.
The number of ultra-luxury homes sold has also risen sharply. In 2023, only 155 homes in the Rs 10 crore-plus segment were sold. By 2025, that number increased to nearly 1,494 units. This is almost a tenfold rise in sales volume in a short span. It also represents the highest annual number of such homes ever sold in Gurugram.
With this performance, Gurugram has overtaken Mumbai in total transaction value for homes in this price range. The city is now being seen as India’s fastest-growing market for premium and high-end housing. Industry observers believe this growth reflects strong wealth creation in the country, rising participation from high-net-worth individuals, and greater interest from global investors.
The report highlights that buyers are not only spending more but also opting for larger homes. The average size of homes sold in this segment during 2025 was around 5,000 square feet. Properties between 4,000 and 6,000 square feet accounted for the largest share of total sales value. At the same time, homes larger than 8,000 square feet contributed about 22 percent of the overall transaction value. This shows a clear demand for spacious and premium living spaces.
Certain locations within Gurugram have led this surge. Dwarka Expressway recorded a remarkable 2,079 percent increase in transaction value, rising from Rs 383 crore to Rs 8,347 crore. Golf Course Extension Road also saw strong growth, with a 379 percent jump in total sales value.
The sharp rise in both sales volume and transaction value signals growing confidence in Gurugram’s real estate market. What was once seen mainly as a corporate hub has now emerged as a leading destination for luxury housing. If current trends continue, the city could further strengthen its position at the top of India’s ultra-luxury residential market in the coming years.
Posted By
Ruchi Mane
info@houssed.com
Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.