Golf Course Road in Gurugram has emerged as India’s most prestigious residential corridor, attracting ultra-high-net-worth individuals (UHNI), non-resident Indians (NRIs), and senior executives from multinational corporations. Over the past five years, both property values and rental rates along this stretch have recorded significant growth, establishing the corridor as the epicenter of India’s luxury real estate market.
According to data from 99acres, marquee developments along Golf Course Road, including The Aralias, The Magnolias, and The Camellias, have appreciated two to four times in value since 2020. Premium projects along the corridor have also witnessed a doubling of rental rates, reflecting the increasing demand for high-end residential options.
Record-breaking Property Sales
The DLF Golf Links micro-market, which houses The Aralias, The Magnolias, and The Camellias, continues to lead in luxury real estate transactions:
- The Aralias: ₹10 crore in 2020 → ₹35.6 crore currently
- The Magnolias: ₹13 crore → ₹45 crore
- The Camellias: Starting resale price ₹65 crore
In December 2024, The Camellias achieved a record when a 16,290 sq. ft. penthouse sold for ₹190 crore, marking the highest-priced apartment transaction in the National Capital Region (NCR).
High-profile recent acquisitions underline the international and domestic appeal of the corridor:
- Sukhpal Singh Ahluwalia, a British businessman and leader of Dominvs Group, purchased an 11,416 sq. ft. apartment at The Camellias for ₹100 crore in August 2025.
- Rishi Parti, Director at Info-x Software Technology Pvt Ltd, acquired a 16,000 sq. ft. penthouse at The Camellias for ₹190 crore in December 2024.
- Smiti Agarwal, Director at Wesbok Lifestyle Pvt Ltd, bought an 11,000 sq. ft. apartment for ₹100 crore in October 2023 from a Singapore-based NRI seller.
According to Abhishek Kiran Gupta, CEO and Co-Founder of CRE Matrix and IndexTap.com, these transactions indicate that Mumbai and Delhi NCR continue to dominate India’s luxury housing market. The trend reflects sustained interest from ultra-high-net-worth individuals, driven by wealth accumulation among corporate executives in recent years.
Growing NRI and HNI Interest
DLF, the NCR-based realty major, has noted increasing traction among NRIs and high-net-worth individuals for its luxury projects. Its recent Privana North project in Gurugram reportedly secured sales worth ₹11,000 crore. The demand trend indicates a preference among UHNIs for gated condominiums over standalone bungalows, citing access to amenities, security, and community facilities.
A CBRE and Assocham report highlighted that sales of luxury homes priced at ₹4 crore and above rose 85 percent year-on-year in the first half of 2025 (H1 2025) across the top seven cities. Delhi NCR accounted for approximately 57 percent of these transactions, reinforcing its dominance in India’s luxury residential segment.
Rentals Keep Pace with Appreciation
Rental rates in luxury projects have mirrored property value increases:
- The Aralias: ₹2.6 lakh/month → ₹6 lakh/month
- The Magnolias: ₹3.7 lakh/month → ₹9 lakh/month
- The Camellias: ₹12–16 lakh/month, among the highest in India
DLF’s newest project, The Dahlias, has set fresh benchmarks. Within nine weeks of its launch, 173 apartments were sold at an average of ₹75 crore per unit, with some units reportedly priced up to ₹150 crore. The development features 15 penthouses and duplexes ranging from 16,000–19,000 sq. ft., standard units starting at 9,800 sq. ft., and a 350,000 sq. ft. clubhouse, more than double the size of The Camellias’ 160,000 sq. ft. facility.
Rajesh Ojha, founder and CEO of Infinity Investments, noted that Golf Course Road has become one of NCR’s most resilient real estate segments. Demand is largely driven by end-users, including HNIs, business leaders, expatriates, and diplomats, competing for a limited supply. The combination of scarcity, lifestyle-focused amenities, and the brand value of developers like DLF contributes to consistent capital appreciation and rising rental yields, even when broader markets face challenges.
Why Golf Course Road Remains a Luxury HubSpot?
Several factors contribute to the corridor’s continued appeal among luxury buyers:
- Limited Supply: Scarcity of high-end residential units supports price appreciation.
- Prime Location: Proximity to business hubs, international schools, and healthcare facilities adds to the corridor’s appeal.
- Brand-driven Developments: Established developers with marquee projects attract UHNI buyers.
- Amenities and Lifestyle: Large clubhouses, gated security, and lifestyle-centric facilities increase residential desirability.
Golf Course Road’s combination of premium inventory, brand appeal, and infrastructural advantages ensures it remains the benchmark for luxury residential real estate in India.
With property values and rentals continuing their upward trajectory, Golf Course Road is set to maintain its position as India’s premier luxury residential corridor. The combination of limited high-end supply, strategic location, and brand-driven developments ensures sustained demand from ultra-high-net-worth individuals, NRIs, and corporate executives. Developers are likely to focus on ultra-spacious units, enhanced lifestyle amenities, and integrated community facilities to attract discerning buyers. Experts anticipate that the corridor will continue setting benchmarks for luxury real estate pricing, while rental yields are expected to mirror property appreciation, reinforcing Golf Course Road as a resilient, long-term investment destination in India’s premium housing market.
Image source- dlfproperties
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