PropEquity Reports 66% Surge in Gurugram Housing Sales, 63% in Delhi NCR, Industry Experts Highlight Key Growth Drivers
Gurugram’s luxury housing market experienced a surge in 2024, with sales rising by 66% to ₹1.07 lakh crore, according to PropEquity. In Delhi NCR, residential unit sales grew by 63%, increasing from 94,143 to 1,53,000 units. Gurugram alone saw housing sales jump from 64,314 units in 2023 to 1,06,739 units, reflecting a strong demand for high-end properties.
This growth is driven by strategic location advantages and ongoing infrastructure developments, including the Dwarka Expressway, Delhi-Gurugram Expressway, Delhi-Mumbai Expressway, and new metro expansions, which enhance connectivity to Delhi and other key areas. With increasing investor confidence and premium residential projects catering to evolving buyer preferences, Gurugram and Delhi NCR continue to strengthen their position as leading real estate hubs.
Mr. Mohit Malhotra, Founder & CEO, NeoLiv said, "Gurugram has emerged as a prominent housing market, with 66% growth in sales value, as per PropEquity. This has been seen due to growing corporate presence, employment opportunities, and infrastructure development. As a result, demand and property prices have increased in various micro markets of Gurugram. Infrastructure projects like Dwarka Expressway, Delhi - Mumbai Expressway, and Golf Course Road have proved to contribute to this growth. Along with expressways and highways, metro routes have also been planned for better connectivity to prominent locations. Gurugram is a prime example of how new age cities close to major metros become a thriving hub and provide premium lifestyle living. Hubs like Alibaug, Panvel around Mumbai and Sohna, Sonipat, Jewar around Delhi are poised to emerge as clear front runners for attracting mega real estate investment and returns."
Additionally, as a major corporate hub with numerous MNCs and businesses, Gurugram attracts a growing number of professional population looking for premium residential options. The demand for luxury housing remains robust, which is driven by high - net - worth individuals (HNIs) and non - resident Indians (NRIs) seeking exclusive living spaces offering suitability and a basket of amenities.
Mr. Robin Pahuja, Co- founder & Director, ElitePro Infra(Gurugram based Property Consultant) says, “Gurugram’s housing market experienced significant growth in 2024, specifically in the luxury segment, with sales rising by 66% to around 1.07 lakh crore, as per PropEquity. This growth number is attributed to the city’s strategic location, ongoing infrastructure developments like the Dwarka Expressway, and its status as a major corporate hub. The demand for luxury housing is highly driven by high - net - worth - individuals (HNIs) and non - resident Indians (NRIs) looking for premium living spaces. The city’s appeal as a business center attracts professionals, further driving demand for high - end properties in the commercial segment as well. This further gives way to the city’s commercial landscape, with a growth in establishment of luxury showrooms, retail spaces, and offices. Improved connectivity and infrastructure makes it an attractive destination for luxury investors, contributing to its robust growth in the real estate segment.”
Regulatory frameworks like RERA have also improved transparency and investor confidence, further boosting the market. Along with this, rising disposable incomes and growing lifestyle aspirations among homebuyers have added to the demand for high - end properties, making Delhi NCR at the forefront of the Indian real estate landscape a thriving real estate market.
Mr. Adil Altaf, Managing Director, Trinity Infratech said, “According to PropEquity, the Gurugram housing market is experiencing strong demand with sales growing by 66%. The city’s real estate market has witnessed a remarkable surge in 2024, with luxury housing sales rising by 66% to approximately Rs 1.07 lakh crore. This growth is driven by the city's strategic location and ongoing infrastructure developments, such as the Dwarka Expressway and Delhi-Mumbai Expressway. As a major corporate hub, Gurugram attracts professionals seeking premium living spaces. The demand for luxury properties remains robust, fueled by high-net-worth individuals and NRIs. With developers focusing on upscale projects, Gurugram has emerged as a leader in India's luxury real estate sector, surpassing cities like Mumbai in ultra-luxury housing deals”.
In the broader Delhi NCR landscape, these factors have contributed to an overall growth in sales of residential units. This has been underpinned by the region’s ability to offer a blend of luxury, infrastructure, and investment opportunities, which has placed it as a leading catalyst in the Indian real estate sector.
The real estate market is expected to see a surge in new supply, driven by the newly formed government in Delhi introducing various plans and reforms. The Master Plan of Delhi (MPD) 2041 is likely to bring positive developments, focusing on sustainable urban growth, improved infrastructure, and enhanced housing opportunities for both developers and homebuyers. Additionally, the Union Budget 2025 has allocated significant funds for infrastructure and urban transformation, including the ₹1 lakh crore Urban Challenge Fund and interest-free loans to states. These measures, along with tax reforms and improved liquidity, are expected to strengthen housing demand and drive new project launches across Delhi NCR.
