Gurugram Leads NCR Luxury Housing Launches

The Delhi-NCR residential property market posted the addition of 10,245 new units in Q3 2025, up 12 percent from the last quarter but down 37 percnet year-on-year, based on Cushman & Wakefield's Market Beat Delhi-NCR Residential Q3 2025 report.

Gurugram continued to lead in the luxury housing market, accounting for 87 percent of luxury launches in the city during the quarter.

Dwarka Expressway and New Gurgaon were the most active submarkets, with 23 percent and 20 percent of all launches respectively, while Greater Noida accounted for 14 percent.

“The mid-end category led supply with a 51 percent share of new launches, followed by high-end with 26 percent and luxury with 22 percent. Even though the year-on-year fall, demand drivers are robust in some micro-markets."- report. 

Key Highlights:

• Delhi-NCR added 10,245 new housing units in Q3 2025, up 12 percent from Q2 but down 37 percent year-on-year, with Gurugram accounting for 87 percent of luxury launches
• The average launch price surged 30 percent QoQ to Rs.15,175 per sq. ft., though it remained 3 percent lower YoY; Gurugram and Noida led annual price growth at 12 percent and 10 percent
• Dwarka Expressway and New Gurgaon drove supply with 43 percent of launches, while Gurugram’s luxury rentals recorded the highest annual growth at 10 percent

The weighted average launch price was at approximately Rs.15,175 per square foot in Q3 2025, a steep 30 percent quarter-on-quarter rise, albeit 3 percent lower year-on-year. Prime submarkets experienced 5 to 6 percent capital growth, with the growth led by Gurugram and Noida at 12 percent and 10 percent year-on-year, respectively.

Rental prices in the NCR area increased modestly by 1 to 2 percent quarter-on-quarter and 4 to 6 percent per annum. Gurugram's high-end segment witnessed the highest rental growth, growing by 10 percnet  versus the previous year.

Also Read: NCR Apartments and South Delhi Floors Lead the New Wave in Luxury Housing

"Improved connectivity to the IGI Airport, changing infrastructure, and robust returns are fueling action in New Gurgaon and Dwarka Expressway," the report underlined.

While Gautam Buddha Nagar, including Noida, Greater Noida, and Yamuna Expressway, picked up pace at 10,242 in the first nine months of 2025, an increase of 54 percent from the corresponding period last year, driven by infrastructure development and opportunities around the Noida International Airport.