Delhi NCR’s Luxury Real Estate Booms, with Gurugram at the Forefront
Delhi NCR has emerged as India’s new epicenter for ultra-luxury housing, overtaking Mumbai across multiple price segments, according to the latest Knight Frank India H1 2025 report. From ₹10–20 crore and ₹20–50 crore homes to ₹50 crore-plus trophy residences, the capital region now leads national sales, with Gurugram at the heart of this transformation.
Once known primarily for its corporate parks and sprawling suburbs, Delhi NCR is now shaping into a luxury living destination driven by new-age homebuyers, premium offerings, and robust infrastructure. The region's evolving residential profile is reflected in the fact that over 80% of all home sales this year have been in the ₹1 crore-plus segment—a 17% year-on-year growth that underscores rising affluence and future-focused preferences.
Micro-Market Momentum: Gurugram, Dwarka Expressway, and Noida’s Sector 150
While South Delhi continues to attract legacy buyers in neighbourhoods like Vasant Vihar and Greater Kailash, the real engine of growth lies in Gurugram and Noida’s newer sectors. Noida Sector 150 has seen a spike in demand due to its open green areas and access to golf courses, but it is Gurugram that remains the most active and aspirational market within Delhi NCR.
The Dwarka Expressway corridor, in particular, has become a magnet for branded residences, luxury condominiums, and township developments. High-end developers are launching projects that combine architectural elegance with lifestyle-driven features—from private theatres and rooftop pools to wellness zones and concierge services. This new era of luxury housing goes beyond real estate—it’s about delivering a curated experience.
Gurugram’s Edge: Connectivity, Community, and Corporate Demand
Gurugram’s success is backed by superior infrastructure, proximity to IGI Airport, and seamless connectivity to economic hubs like Cyber City, Golf Course Road, and South Delhi. The city offers a compelling mix of liveability and investment potential. Branded residences along the Dwarka Expressway and New Gurugram cater to both NRIs and domestic buyers looking for long-term value, quality of life, and strong rental yield potential.
Commenting on this shift, Mr. Adil Altaf, Managing Director at Trinity, noted, “The latest Knight Frank India report highlights a remarkable shift in India’s luxury real estate landscape, with Delhi NCR decisively outpacing Mumbai in ultra-luxury home sales across the ₹10–50 crore and ₹50 crore-plus segments. This surge is driven by a 2,550% year-on-year growth in ₹50 crore-plus sales, reflecting robust demand, rising affluence, and a clear preference for premium living in NCR’s prime corridors, especially Gurugram.”
Changing Buyer Profiles: From Legacy Wealth to Millennial Aspirations
The luxury buyer demographic is also evolving. No longer limited to legacy investors or industrial families, today's luxury buyers include young professionals, startup founders, and digital entrepreneurs. These individuals seek homes that offer not just status but functionality, sustainability, and community engagement.
Mr. Harinder Dhillon, National Sales Head, BPTP observed, “The remarkable performance of Delhi-NCR in the ultra-luxury segment, as highlighted in the Knight Frank H1 2025 further reinforces the region’s growing prominence as a high-value residential hub. Notably, the ₹2–5 crore segment has seen the most traction, reflecting rising demand for premium yet accessible homes. The Dwarka Expressway has been central to this shift, emerging as a preferred destination for both end-users and investors. Beyond its robust infrastructure and superior connectivity to IGI Airport, Dwarka, Cyber City, and Golf Course Road, the corridor appeals to modern buyers seeking holistic lifestyles that integrate wellness, green spaces, and sustainable design. It marks a clear move toward integrated living that prioritizes both long-term value and quality of life.”
New Gurugram: The Next Luxury Frontier
Within Gurugram, the New Gurugram area—stretching across Southern Peripheral Road (SPR), sectors off NH-48, and extending toward Manesar—has become a focal point for vertical luxury living. High-rise towers with panoramic views, fully integrated amenities, and gated communities are redefining urban homeownership in the region.
Mr. Mohit Agarwal, Business Head at Conscient Infrastructure Pvt. Ltd., noted, “Luxury homes are becoming the new normal for young buyers in Gurugram, driven by a blend of aspirational, investment acumen, and lifestyle expectations. With high-end infrastructure, immaculate connectivity, and a thriving corporate ecosystem, Gurugram offers the apt standards of living that appeals to millennials and young professionals seeking more than just a residence. They seek smart features, holistic amenities, and a community-centric environment. The surge in high-rise luxury developments, coupled with attractive property offerings, reflects a generational shift where young buyers view luxury real estate as both a status symbol and a smart investment tactic. New Gurugram, in particular is emerging as a seamless blend of modern luxury and strategic urban planning, making it a hotspot for discerning young homeowners. Gurugram's dynamic growth pattern further ensures that luxury living is not just a fleeting trend, but the new benchmark for urban homeownership.”
The rise of Delhi NCR’s ultra-luxury housing segment reflects a broader shift in homebuyer preferences. Buyers today are looking beyond size and location—they value smart design, sustainable construction, wellness features, and well-planned communities.
With strong momentum in areas like Dwarka Expressway, Golf Course Extension, and New Gurugram, the region is set to remain a key market for premium housing. From penthouses in Sector 65 to green, spacious homes in Noida, Delhi NCR is no longer following Mumbai—it is leading the country’s luxury real estate growth.
