Gurgaon Real Estate Market: PropEquity said that sales of luxury homes in Gurugram last year increased by 66 per cent to nearly Rs 1.07 lakh crore. A total of 1,06,739 units were sold in 2024.
Gurgaon Real Estate Market: The demand for luxury homes in Gurugram last year increased by whopping 66 per cent to nearly Rs 1.07 lakh crore, according to a report by real estate data analytic firm PropEquity. As per the data, housing sales in Gurugram rose to 1,06,739 units in CY 2024 from 64,314 units in 2023.
DLF, Signature Global, Godrej Properties, M3M India along with its group firm Smartworld Developers, Elan Group, ATS Group and Krisumi Corporation were among the top sellers in Gurugram last year, the report said.
In Delhi-NCR, the report said the sales of residential properties rose 63 per cent to 1,53,000 units in 2024 from 94,143 units in 2023.
Samir Jasuja, founder & CEO, PropEquity said that the weighted average sales price in in Delhi-NCR has gone up to Rs 12,469 per sq ft.
On reasons that led to the rise in sales, he said, “Rising prices and demand buoyance in Delhi-NCR due to the strong infrastructure development, growing corporate presence and employment opportunities are behind this growth. Also, the region is witnessing dominance in office leasing.”
Gurpal Singh Chawla, MD, TREVOC Group areas like Golf Course Road in Gurugram are seeing a surge in ultra-luxury projects while Dwarka Expressway is attracting investors looking for growth opportunities. “With improved infrastructure and better connectivity, the demand isn’t slowing down anytime soon; price appreciation and strong returns are keeping the momentum going, making Gurugram one of the most exciting real estate markets in NCR right now.”
“Gurugram is positioned as the NCR’s luxury real estate destination. Gurugram’s evolving skyline, backed by top-quality infrastructure, strong commercial growth and rising disposable incomes, are fueling demand for premium homes. We foresee Gurugram continuing to set new benchmarks in the NCR real estate market,” Rajjath Goel, MD, MRG Group said.
With the BJP government and (Master Plan of Delhi) MPD 2041 in place in Delhi, experts said that the real estate market in the entire region will further see a surge with the entry of new supply.
Commenting on the strong demand for luxury homes, Adil Altaf, MD, Trinity Infratech said that the growth in Gurugram’s housing market is driven by the city’s strategic location and ongoing infrastructure developments, such as the Dwarka Expressway and Delhi-Mumbai Expressway.
“The growth indicates Gurugram is metamorphosing into a high-end residential and commercial center. Gurugram is fast developing as a favorable location due to its developing infrastructure, a solid corporate ecosystem, and strong employment avenues. This would be the most favorable destination for homebuyers and investors. With a lot of demand for luxury housing plans in the pipeline, real estate in the whole of Delhi-NCR is looking bright with the onset of the Master Plan of Delhi (MPD) 2041. Real estate in Gurugram gets strong returns, drawing the attention of end-users and investors, establishing itself as a leading region in real estate in India,” Aman Gupta, director, RPS Group, said.
“As a major corporate hub, Gurugram attracts professionals seeking premium living spaces. The demand for luxury properties remains strong, fueled by high-net-worth individuals and NRIs. With developers focusing on upscale projects, Gurugram has emerged as a leader in India’s luxury real estate sector , surpassing cities like Mumbai in ultra-luxury housing deals,” he said.
Sunil Sisodiya, founder, Geetanjali Homestate, said that strong market confidence and rising demand for contemporary, connected homes close to important commercial areas are the reasons behind the spike in sales of luxury homes in Gurugram. Better connectivity, better infrastructure and the consistent expansion of the business and technology sectors along with government’s efforts to support affordable housing is bolstered the demand.
“Gurugram’s appeal to young professionals, families and investors will continue, making it one of the most lively cities in the world. Gurugram offers good returns leading to greater interest from investors,” he added.
The PropEquity report further said that housing sales across 9 major cities, including Gurugram, rose 12 per cent annually to Rs 6.73 lakh crore in 2024, led by high demand especially for luxury homes. In Mumbai, housing sales rose 13 per cent to Rs 1.38 lakh crore in 2024 versus Rs 1.22 lakh crore in 2023.
Source :- https://www.etnownews.com/
Frequently Asked Questions
Should I buy ready-to-move or under-construction in Gurgaon?
Ready homes have no wait, no GST and no build risk but cost more; under-construction is cheaper with a longer wait. Choose by your timeline and risk appetite.
How do I book a property in Gurgaon?
Shortlist, visit, check the papers and RERA, then pay the booking amount and sign the agreement. Read the payment plan and cancellation terms before you commit.
Do I need a lawyer to buy property in Gurgaon?
For anything beyond a simple, clean deal it helps. A lawyer vets the title, the agreement and the approvals, which is cheap insurance against a costly mistake.
What is a builder-buyer agreement?
It is the core contract between you and the developer, setting the price, payment plan, area, specifications and possession date. Read it fully before signing.
What is an occupancy certificate and why does it matter?
It certifies a building is legally fit to occupy. Never take possession of a completed home without it, since it affects loans, utilities and resale.
What is mutation and why is it important?
Mutation updates the ownership in municipal and revenue records after a sale. Without it the property tax and records still point to the old owner, so get it done.
What credit score do I need for a home loan?
Lenders prefer a healthy score, usually in the mid-700s and above, for the best rates. A lower score can still get a loan but often at a higher rate.
Can I claim tax benefits on a home loan?
Yes, home-loan principal and interest carry deductions under the income tax rules, subject to limits and conditions. Confirm the current rules or ask a tax adviser.
What is the difference between freehold and leasehold?
Freehold gives you full, permanent ownership of the property and land; leasehold runs for a fixed term from an authority. Freehold is generally simpler to resell.
How do I check a builder's track record?
Look at delivered projects, delivery delays, the RERA record and buyer reviews. A builder with a clean, on-time record lowers your risk sharply.
What red flags should I watch for when buying?
Unclear title, missing approvals or RERA, pending dues, a builder with delays, and prices far below the market. If something feels rushed, slow down and verify.
What is the difference between capital appreciation and rental yield?
Appreciation is the rise in the property value over time; rental yield is the annual rent as a share of the price. Most Indian homes give modest yield and rely on appreciation.
How much should I keep as a buffer beyond the price?
Set aside for stamp duty, registration, GST where it applies, interiors, and a contingency. A buffer of a meaningful share above the base price is prudent.
Is a home loan pre-approval useful?
Yes, a pre-approved loan tells you your budget, speeds up booking and strengthens your negotiating position with sellers. Get it before you shortlist seriously.
How do I choose between two similar projects?
Compare the builder record, RERA status, carpet area, real amenities, connectivity and total cost, not just the headline price. Visit both before deciding.
What matters most when investing in property?
Location, connectivity, the builder record and clean title matter more than a flashy brochure. Buy where jobs and infrastructure are growing, and hold patiently.
