Even as India’s overall housing market saw a slowdown in the first half of 2025, luxury homes in the National Capital Region (NCR) bucked the trend with a 9% year-on-year sales growth, according to JLL Research. The segment — defined as homes priced at ₹5 crore and above — clocked 5,168 units sold in H1 2025, up from 4,763 units a year ago.
Delhi NCR emerged as the undisputed leader, accounting for 65% of all luxury sales across the top seven Indian cities. Within NCR, Gurugram dominated with a staggering 91% share of sales, cementing its position as India’s luxury housing hub.
Key Numbers — Luxury Housing in NCR
| Period | Units Sold (₹5 Cr+) | Share of Overall Sales |
|---|---|---|
| H1 2025 | 5,168 | 27% |
| H1 2024 | 4,763 | 19% |
| H1 2023 | 2,287 | 12% |
Source: JLL Research
Hotspots Driving the Boom
- Southern Peripheral Road (SPR): 39% of Gurugram’s luxury sales in H1 2025
- Dwarka Expressway + SPR: Together form 61% of Gurugram’s luxury market
- Golf Course Road: Stable demand, but limited fresh inventory in ₹5 crore+ bracket
- Since 2020, 22,000 luxury units launched in NCR, with 89% in Gurugram
The recent completion of Dwarka Expressway has driven price appreciation, pushing many premium projects into the luxury bracket. Infrastructure upgrades such as the upcoming Gurugram Metro line are expected to further boost demand.
Developer Sentiment & Buyer Trends
JLL notes that while NCR’s overall housing sales dipped 23% YoY across all ticket sizes, the luxury segment was resilient — now representing over a quarter (27%) of the total market, up from just 12% in 2023.
“Gurugram has firmly established itself as the epicentre of luxury real estate in India… The SPR and Dwarka Expressway corridors are now particular hotspots,”
— Manish Aggarwal, Senior MD (North & East), JLL
Developers are banking on festive season demand, tamed inflation, and rising disposable incomes to sustain the momentum.
Outlook
With strong infrastructure growth, employment opportunities, and an appetite for high-end living, Delhi NCR is set to maintain its lead in India’s luxury housing market in the near to mid-term.
Also Read: Luxury homes sales in Mumbai have risen 50%
