Gurugram beats Mumbai in ultra luxury home sales

Millennium City records 24,120-cr high-end deals

- RAGHAVENDRA KAMATH

ONCE A SATELLITE city, Gurugram has now become the epicentre of India’s luxury housing boom.

In 2025, it toppled Mumbai for the second year in a row, clocking 24,120 crore in sales of ultra-premium homes — the clearest signal yet of how new wealth and infrastructure are redrawing the country’s real estate map.

According to the latest report by India Sotheby’s International Realty (ISIR) and CRE Matrix, Gurugram’s luxury housing segment — homes priced at ₹10 crore and above — recorded transactions worth ₹24,120 crore in calendar year 2025, outpacing Mumbai’s ₹21,902 crore. This marks the second year in a row that Gurugram has overtaken Mumbai, which had dominated the luxury segment for nearly four decades.

The surge was driven by record-high sales of 1,494 luxury homes, with total transaction value in Gurugram jumping almost sixfold from ₹4,004 crore in 2023 to ₹24,119 crore in 2025. The average size of homes sold stood at nearly 5,000 sq ft, with the 4,000-6,000 sq ft segment contributing the largest share in value terms, while units above 8,000 sq ft accounted for 22% of overall value.