There is an almost tenfold jump in ultra-luxury home sales within two years. (AI image)

Gurugram has overtaken Mumbai in the total sales value of luxury homes above the Rs 10 crore category, according to a report by Sotheby’s International Realty in collaboration with CRE Matrix. The Gurguram market has become the country’s fastest growing market for premium, high-end luxury housing, registering record-breaking transactions worth Rs 24,120 crore in residences priced at Rs 10 crore and above in 2025.Sotheby’s International Realty sees 2025 as a watershed moment for the city’s ultra-luxury property segment, with nearly 1,494 homes in the Rs 10 crore-plus category sold over the 12-month period. This is the highest annual figure ever recorded in Gurugram, the report says.Not only that, the overall value of deals also rose sharply – six times from Rs 4,004 crore in 2023 to Rs 24,119 crore in 2025. This highlights the exceptional growth in the top-tier residential market.

Gurugram overtakes Mumbai in luxury home sales

According to the report, Gurugram has surpassed Mumbai in the total transaction value for homes that are priced at Rs 10 crore and above last year. This strengthens its standing as India’s leading hub for premium and luxury residential growth.

Luxury Segment sales above Rs 10 crore

There is an almost tenfold jump in ultra-luxury home sales within two years — going up from just 155 units in 2023 to nearly 1,500 units in 2025. “This surge underscores strong domestic wealth creation, rising participation of HNIs and ultra-HNIs, and growing global investor confidence in Gurugram’s real estate market,” the report said.Homes sold in 2025 averaged around 5,000 square feet in size, underscoring demand for expansive, premium-quality living spaces. Properties ranging between 4,000 and 6,000 square feet accounted for the largest share in value terms, while residences exceeding 8,000 square feet made up close to 22% of the total transaction value, pointing to strong demand for larger, luxury dwellings.