According to data collected by Global Professional Services Firm JLL, 5,168 luxury houses were priced on RS 5 crore and higher sold between January and June of this year, against 4,763 units in the first half of 2024.
Delhi-NCR now accounts for 65 percent of all luxury homes in the seven best cities in India.
The share of luxury houses in the total turnover of the region has also grown considerably – from 12 percent in H1 2023 to 19 percent in H1 2024 and now up to 27 percent in H1 2025.
This increase is driven by rising incomes, a growing preference for premium facilities and an ambitious lifestyle among buyers, according to the report.
Gurugram has emerged as the clear leader and contributes 91 percent of all luxury home sales in the NCR. The recent completion of the Dwarka Expressway has stimulated the demand in both courses, so that the property prices are pushed higher and buyers are attracted to Ultra-Premium projects.
“Gurugram has been firmly established as the epicenter of luxury real estate in India, which contributes to the luxury residential sales transactions of Delhi NCR and the region helps to conquer 65 percent of the national luxury sales,” said Manish Aggarwal, Senior Managing Director, Jejll).
Since 2020, nearly 22,000 luxury units have been launched in Delhi-NCR, with Gurugram for a huge 89 percent of this.
Established premium locations such as Golf Course Road have also seen steady interest, although the number of available units there is limited.
Experts believe that infrastructure projects such as the upcoming Gurugram Metro Line will further improve the attraction of emerging luxury hubs.
“Developers continue to trust in the vast market eviction of Delhi NCR to absorb such products, mainly because of the coming festive season and the tamed inflatory scenario in the country throughout the country,” Dr. Samantak Das, Chief Economist and Head of Research and Travel, India, JLL.
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