Forget Mumbai’s skyline glamour—Gurugram is the new emperor of India’s ultra-luxury property market in 2025. A bombshell report from India Sotheby’s International Realty and CRE Matrix shows the millennial city raking in Rs 24,120 crore from Rs 10 crore-plus home sales, smashing past Mumbai and setting a fresh benchmark.
With 1,494 deals sealed, sales have skyrocketed six times from 2023’s Rs 4,004 crore, grabbing 24% of the local housing pie by value. Average tags? A hefty Rs 16 crore for 5,000 sq ft abodes. Mid-sized luxury pads (4,000-6,000 sq ft) ruled volume, but jumbo 8,000+ sq ft homes punched 22% of total value.
Tina Talwar, Area Director at India Sotheby’s, declares the boom’s democratization: ‘It’s not confined to old elite zones anymore—Dwarka Expressway and Golf Course corridors are the hot new engines.’ CRE Matrix’s Abhishek Kiran Gupta reveals buyer evolution: a decade-like jump in two years screams confidence, with focus sharpening on premium brands, prime spots, and elite amenities.
This pivot reflects India’s rising ultra-rich, blending tech wealth, NRI investments, and urban migration. Gurugram’s infrastructure edge—world-class roads, airports nearby—amplifies its pull. As developers race to deliver, the city promises more records, reshaping national luxury hierarchies and spotlighting NCR’s unstoppable ascent.