Gurugram Leads Luxury Housing Market at ₹1.38 Lakh Crore

Gurugram led India's luxury residential market by launch value in 2025, recording housing launches worth ₹1.38 lakh crore across 23,809 units.

The average launch value exceeded ₹6 crore per unit, according to a report by PropEquity published by Hindustan Times.

Bengaluru ranked second with launches valued at ₹1.30 lakh crore across 72,250 units.

Mumbai followed with ₹1.27 lakh crore across 29,627 units, while Hyderabad ranked fourth at ₹1.16 lakh crore across 52,388 units.

The figures highlight Gurugram's position in India's premium housing segment, where homes priced above ₹5 crore are driving a significant share of residential launch value.

Luxury Housing Launches Grow Across India

According to PropEquity, the value of residential launches priced above ₹5 crore increased 18-fold between 2020 and 2025, rising from ₹12,223 crore to ₹2,39,996 crore.

Gurugram recorded approximately 7,430 launches priced above ₹5 crore in 2025, exceeding Mumbai's roughly 5,710 units.

The report also noted an increase in premium home sizes, with four-bedroom apartments crossing 3,000 square feet and three-bedroom homes approaching 2,000 square feet.

NCR Records ₹2.16 Lakh Crore in Residential Launches

The National Capital Region (NCR) recorded total residential launches valued at ₹2.16 lakh crore across 50,167 units in 2025. This represented an average value of approximately ₹4 crore per unit.

NCR residential sales reached around ₹1.63 lakh crore in 2025, approximately 1.7 times the value recorded three years earlier. Gurugram accounted for nearly 60% of the region's residential sales value.

The report also stated that property values in NCR had appreciated by 450% since the Covid-19 pandemic, compared with an average increase of 250% across other cities.

NCR's inventory overhang declined to 12 months in 2025 from 43 months in 2014.

Also Read: Gurugram Luxury Housing Lines Up

Branded Residences and Infrastructure Corridors

NCR recorded the country's largest supply of branded residences, with approximately 4,165 units across 12 projects involving nine developers.

The region's gross domestic product stood at around $294 billion in 2025, equivalent to approximately 8% of India's GDP.

Infrastructure-linked residential markets also recorded substantial growth.

Average annual unit sales along the Dwarka Expressway increased by around 180% in 2021–2025 compared with 2016–2020.

The Noida Expressway corridor recorded growth of approximately 120% over the same comparison periods.

Property prices along the Noida Expressway rose from around ₹6,600 per square foot in 2021 to ₹21,500 per square foot in 2025.

Also Read: Innovist Leases 2.62 Lakh Sq Ft Warehouse in Gurugram

Supply Imbalance Shapes the NCR Market

Despite having an estimated population of three crore, NCR recorded around 50,000 residential launches in 2025. The Mumbai Metropolitan Region recorded more than 1.4 lakh units, while Bengaluru recorded 72,250 launches.

PropEquity identified the difference between demand and supply as a key factor behind NCR's sharper price appreciation.

The report also counted 104 active developers in NCR, compared with 221 in Bengaluru and 1,028 in the Mumbai Metropolitan Region.

Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.