Gurugram Housing Market Sees 66% Surge, Hits ₹1.07 Lakh Cr

Gurugram’s real estate market witnessed a remarkable surge in luxury housing demand in 2024, with sales increasing by 66% to ₹1.07 lakh crore, according to PropEquity. The real estate data analytics firm analyzed housing sales across the top nine cities in India, highlighting Gurugram’s strong growth momentum.

Gurugram Housing Market Leads Delhi-NCR’s Real Estate Boom

Housing sales in Gurugram jumped to ₹1,06,739 crore in 2024, significantly up from ₹64,314 crore in 2023. In the broader Delhi-NCR real estate market, sales also surged by 63%, reaching ₹1,53,000 crore compared to ₹94,143 crore in the previous year.

According to PropEquity CEO Samir Jasuja, the weighted average sales price in Delhi-NCR has now reached ₹12,469 per sq. ft., driven by strong infrastructure development, corporate growth, and increasing employment opportunities.

Top Developers Driving Gurugram Housing Market Growth

While PropEquity did not disclose specific developer sales, property experts identified major players in the Gurugram housing market contributing to this upward trend. Leading real estate firms such as DLF, Signature Global, Godrej Properties, M3M India, Smartworld Developers, Elan Group, ATS Group, and Krisumi Corporation have significantly driven sales.

Key Factors Fueling Gurugram Housing Market Expansion

Rising Investor Confidence – The Gurugram housing market continues to attract investors due to high returns and long-term growth potential.
Infrastructure Boom – Improved roads, expressways, and metro connectivity have enhanced the city’s appeal.
Regulatory Reforms – The implementation of RERA has made property investments more transparent and secure.
New Supply in Pipeline – With the Master Plan of Delhi 2041 (MPD 2041) set to launch, the market is expected to see further expansion.

Gurugram Real Estate Market: A Top Investment Destination

Industry experts believe the Gurugram housing market has firmly positioned itself as a leading real estate investment hub. According to InfraMantra co-founder Garvit Tiwari, Gurugram has rapidly evolved into one of the most preferred locations for residential and commercial development.

Similarly, Vijay Harsh Jha, CEO of VS Realtors, emphasized that luxury home demand is at an all-time high due to improved infrastructure and growing investor trust. He noted that the Delhi-NCR real estate sector is now a preferred tool for wealth creation.

Conclusion

With strong sales momentum, increasing property values, and upcoming policy reforms, the Gurugram housing market is set for sustained growth. Investors and homebuyers looking for high-value real estate opportunities will continue to find Gurugram a lucrative destination in India’s evolving property landscape.

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