66% Surge in Housing Sales! Gurugram & Delhi-NCR Tops the List

In 2024, the Gurugram housing market saw a 66% increase in sales to almost Rs. 1.07 lakh crore due to the high demand for luxury housing units. Residential property sales in Delhi NCR increased from 94,143 units to 1,53,000 units, a 63% increase. The PropEquity research states that in 2023, Gurugram's home sales increased from 64,314 units to 1,06,739 units.

Numerous important reasons have contributed to Gurugram's housing market's notable expansion, particularly in the luxury sector. Connectivity to Delhi and other important places is improved by the city's advantageous location and continuous infrastructure improvements, such as the Dwarka Expressway, the Delhi-Gurgram Expressway, the Delhi-Mumbai Expressway, and new metro line plans.

The city is becoming a desirable location for luxury purchasers as a result of these initiatives.

Mohit Malhotra, Founder & CEO, NeoLiv said, "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.

Adil Altaf, Managing Director, Trinity Infratech said, “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”.

Santosh Agarwal, CFO & Executive Director of Alpha Corp Development said, "The strong performance of Delhi-NCR’s real estate market signals a sustained growth trajectory, driven by evolving buyer aspirations and a robust investment climate. At Alpha Corp Development Limited, we anticipate this momentum to continue with increasing demand for high-quality residential and commercial developments.

Gurugram remains at the forefront, attracting discerning buyers who seek a blend of premium living and strategic connectivity. Looking ahead, we see innovation, sustainability, and enhanced urban infrastructure as key drivers shaping the next phase of growth. The focus will be on delivering value-driven developments that not only meet market demand but also set new benchmarks in quality and livability."