Gurugram accounts for 91% of Delhi NCR's ₹5 Cr+ home sales in 2025

Southern Peripheral Road (SPR) accounted for 39% of all such sales in Gurugram in H1 2025

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Despite a wider slowdown in residential real estate sales across Indian cities, luxury housing priced at ₹5 crore and above has emerged as a clear outlier, with Delhi NCR leading the pack. According to the latest analysis by real estate consultancy firm JLL India, 5,168 luxury homes were sold across the top seven cities in the first half of 2025 (H1 2025), and Delhi NCR alone contributed to  65% of these transactions.

 

This represents a 9% year-on-year growth in luxury housing sales for Delhi NCR, with 4,763 units sold in H1 2024, and a jump from 2,287 units in H1 2023. Luxury housing now makes up 27% of all residential sales in the region — up from 19% last year and just 12% in 2023.

 

“Developers remain confident about Delhi NCR’s vast market expanse to absorb such products, particularly because of  the upcoming festive season and tamed inflationary scenario in the country at large. In fact, prominent real estate  developers with a strong foothold in Delhi NCR are finally venturing beyond the home turf to take exposure in markets like  Mumbai. Despite a significant annual dip of 23% in Delhi NCR’s overall sales across ticket sizes, the luxury segment  remained unaffected. The share of luxury sales to the overall sales has also swelled to 27% in H1 2025, as compared to  19% and 12% in H1 2024 and H1 2023 respectively” said Dr. Samantak Das, Chief Economist and Head of  Research & REIS, India, JLL. 

top seven cities during H1 2025.

 

Gurugram: The Luxury Capital of India

The engine powering this boom? Gurugram, which accounted for a whopping 91% of Delhi NCR’s luxury housing transactions. The city’s rapid transformation into a premium real estate hub, combined with its evolving infrastructure, is attracting high-net-worth buyers seeking resort-style living and cutting-edge amenities.

 

“The Southern Peripheral Road (SPR) and Dwarka Expressway are the two standout micro-markets, together contributing 61% of luxury sales in Delhi NCR during H1 2025,” said Manish Aggarwal, Senior Managing Director (North & East), JLL India.

 

SPR alone made up 39% of luxury sales in Gurugram

 

Dwarka Expressway contributed 22%, thanks largely to the recent completion of the expressway

 

These corridors have emerged as high-demand zones, with national and regional developers launching ultra-premium projects that often start above the ₹5 crore mark, driven by a spike in land values and construction costs. 

Prominent national and large regional players launched luxury projects across SPR in the first half of the year.

 

  Infrastructure: The Game Changer

The boom is not accidental. The completion of the Dwarka Expressway, and planned metro lines in Gurugram, have elevated the region’s status as a livable, investable destination. As transport connectivity and civic infrastructure improve, the price and desirability of luxury properties continue to climb.

 

Other premium zones like Golf Course Road, Golf Course Extension, NH-8, and Sohna Road also contributed to the luxury sales mix, albeit in smaller shares ranging from 7% to 10%. Golf Course Road, while established as a luxury hotbed, now sees limited availability in new launches.

 

 Affluent Buyers, Aspiration, and Lifestyle

According to Dr. Samantak Das, Chief Economist and Head of Research & REIS, JLL India, demand has been driven by rising disposable incomes, aspirational lifestyle shifts, and an increasing preference for larger homes with modern amenities.

 

Even though overall housing sales in Delhi NCR dipped by 23% across all ticket sizes, the luxury segment remained insulated, suggesting that high-end buyers remain unaffected by broader macroeconomic slowdowns or temporary demand fluctuations.

 

 What Lies Ahead

Delhi NCR, with Gurugram at its core, is expected to retain its dominant position in India’s luxury housing landscape, thanks to:

 

Ongoing urbanisation

 

Major infrastructure investments

 

Expanding employment opportunities

 

Evolving lifestyle aspirations of India's wealthy

 

As luxury living transitions from being aspirational to essential for a growing segment of India's elite, Delhi NCR continues to set the benchmark for upscale residential living. 

Key points:

 

• Delhi NCR’s luxury* housing sales increased by 9% in H1 2025 compared to H1 2024 (5,168 units vs. 4,763 units) 

• Delhi NCR accounts for 65% of luxury sales across India’s top 7 cities 

• The luxury segment now represents 27% of overall sales in H1 2025, up from 19% in H1  2024 and 12% in H1 2023 

• Southern Peripheral Road (39% of Gurugram’s luxury sales) and Dwarka Expressway  together account for 61% of Gurugram’s luxury sales 

• Nearly 22,000 luxury housing units (Rs  5+ crore) have been launched in Delhi NCR  since 2020, with 89% in Gurugram