Luxury housing shines in NCR with 9% growth, Gurugram grabs lion’s share: JLL
Despite a significant annual dip of 23% in Delhi-NCR’s overall sales across ticket sizes, the luxury segment remained unaffected.
Despite a significant annual dip of 23% in Delhi-NCR’s overall sales across ticket sizes, the luxury segment remained unaffected.
The Dwarka Expressway in Gurugram has witnessed a five-fold jump in average housing prices in the past 14 years, with rates soaring over Rs 18,000 psf on rising land cost and strong demand.
Luxury homes priced between Rs 10–12 crore saw the highest demand, offering the ideal mix of value and exclusivity.
Among the top seven cities, Delhi-NCR led in quarterly luxury unit sales, recording a sale of around 950 luxury units, followed by Mumbai.
Majority of these ultra luxury homes were priced in the range of Rs 100 – 200 crore. However, a handful of properties were priced between Rs 200 - Rs 500 crore too.
In an exclusive interview, Ankit Kansal of 360 Realtors shares valuable insights on Gurugram’s booming luxury property market.
India's luxury housing boom in 2024 has been driven by several key factors, including a robust economic growth and a growing appetite for amenity-rich properties.
In India's Top 7 cities, the average home prices in H1 FY2025 reached Rs 1.23 crore, compared to Rs 1 crore in the same period of fiscal 2024.