Gurugram has officially claimed the top spot in India's ultra-luxury housing market, ahead of Mumbai, for a second consecutive year. According to a joint report by India Sotheby's International Realty and CRE Matrix, the city recorded transactions worth Rs 24,120 crore in the premium housing segment during the year. By comparison, Mumbai recorded transactions worth ₹21,902 crore within the same category. Industry commentary has been unambiguous about what this shift means: "While Mumbai has traditionally held the crown for being the most expensive real estate market, Gurugram in Delhi-NCR, outpaced Mumbai in total sales value for luxury homes priced at Rs 10 crore and above during 2025."
The scale of the shift is striking. Nearly 1,494 homes priced at Rs 10 crore and above were sold over a 12-month period, the highest annual figure ever recorded in the city. Even more telling is the pace of growth: this was nearly a threefold jump over 519 units sold in CY24 and almost a 10-fold increase from 155 units in CY23, with sales value climbing from Rs 4,004 crore in CY23 to Rs 13,384 crore in CY24 and nearly twice to Rs 24,120 crore in CY25.
DLF has been at the centre of this boom. The developer's Phase 5 address in Gurugram, home to the legendary Camellias, added a second landmark in 2024 when it launched The Dahlias, a 17-acre super-luxury project. The 17-acre project, launched in October 2024, comprises 420 residences including apartments and penthouses, and according to DLF's latest investor presentation, the company achieved sales bookings of ₹15,818 crore from The Dahlias till the September quarter, at an average price of ₹72 crore per apartment. By mid-2026, momentum had barely slowed: the project has recorded sales bookings of ₹18,569 crore within 18 months, with nearly 60% of the inventory already sold, and DLF Managing Director Ashok Kumar Tyagi stated that sales bookings are expected to be around ₹20,000 crore in FY27.
Buyer profiles at these projects underline how deep the demand runs. A Delhi-based industrialist purchased four apartments worth around ₹380 crore in October 2025, while cricketer Shikhar Dhawan bought an apartment at DLF The Dahlias for an estimated ₹69 crore, and Berkshire Hathaway's Ajit Jain acquired a luxury apartment at The Camellias for nearly ₹85 crore. DLF's other big 2025 launch, Privana North on Sectors 76-77, moved even faster: the Rs 11,000-crore project sold out in just one week, as an exclusive collection of luxury residences within its 116-acre integrated township, spread across 17.7 acres with six stilt+50 storey premium towers.
What's fuelling this is not just legacy addresses. New corridors are doing the heavy lifting: emerging micro-markets such as Dwarka Expressway and Golf Course Extension Road played a pivotal role in driving volumes and value, with Dwarka Expressway seeing an extraordinary 2,079 per cent increase in sales value, up from Rs 383 crore in CY24 to Rs 8,347 crore in CY25, while Golf Course Extension Road recorded a 379 per cent jump in transaction value, from Rs 693 crore to Rs 3,319 crore year-on-year. Home sizes are also expanding: the average size of luxury homes sold in CY2025 stood at approximately 5,000 sq. ft., the 4,000–6,000 sq. ft. segment dominated the market in value terms, while homes above 8,000 sq. ft. contributed nearly 22% of total value share, indicating robust appetite for larger, premium residences.
Industry voices attribute this to a broader shift in buyer psychology. "Buyers are becoming more selective, focusing on prime locations, superior construction quality and branded developments with premium amenities," one market expert noted, while another pointed to the city's evolving identity: over the past few years, Gurugram has evolved into a magnet for professionals and entrepreneurs drawn by its cosmopolitan lifestyle, robust infrastructure, and status as one of India's most prominent corporate hubs, with the infrastructure push from Dwarka Expressway, the Gurugram-Sohna Connector, and the Delhi-Mumbai Expressway giving a strong impetus to the overall economy and real estate.
The momentum has carried well into 2026. Gurugram witnessed sales of properties priced above Rs 10 crore worth around Rs 24,120 crore in 2025, beating MMR's Rs 21,902 crore for the first time, and the trend has continued into 2026, with Gurugram accounting for over 73 per cent of total residential releases in Delhi-NCR during the second quarter. For homebuyers eyeing this segment, the takeaway is clear: branded developers with a proven delivery track record, prime micro-market addresses, and larger floor plans are commanding the strongest demand — and DLF's Dahlias, Camellias, and Privana addresses sit squarely at that intersection.
