Gurugram has made significant strides in India’s real estate landscape, surpassing Mumbai to emerge as the leading market for high-end residential properties priced at Rs 10 crore and above in the year 2025. This shift is highlighted in the latest High-End Luxury Housing Report published by India Sotheby’s International Realty and CRE Matrix, which indicates that Gurugram recorded ultra-luxury home sales amounting to Rs 24,120 crore during the year. This figure represents the highest total ever reached by any Indian city within this pricing segment.

Sales Comparison with Mumbai

In comparison, Mumbai reported transactions of Rs 21,902 crore for homes in the same price bracket during 2025. The data underscores a significant change in buyer preferences, with Gurugram asserting its dominance over previously established markets such as Mumbai.

Unprecedented Growth in Sales Volume

The report, which was publicly disclosed on February 23, notes that a total of 1,494 homes priced at over Rs 10 crore were sold in Gurugram throughout 2025. This marks a record for the city, with this number representing the highest annual sales volume for such properties. Comparatively, just two years prior, in 2023, only 155 homes in this category were exchanged, indicating a staggering nearly tenfold increase in sales volume within a brief period. Furthermore, the financial growth is equally notable, with sales values surging from Rs 4,004 crore in 2023 to an impressive Rs 24,000 crore in 2025, having reached Rs 13,383 crore in 2024.

Factors Contributing to the Surge

The surge in luxury home sales highlights a notable increase in wealth and an enhancement of investor confidence among high-net-worth and ultra-high-net-worth individuals. This trend reflects a growing demand for high-end properties, which can be attributed to evolving consumer preferences and aspirations. The data showcases the transforming dynamics of the luxury real estate market in India, with Gurugram at the forefront of this evolution.

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