Gurugram tops residential launches at ₹1.38 lakh cr in 2025; NCR sees 450% post-Covid appreciation
Gurugram led India's residential real estate market in 2025 with ₹1.38 lakh crore in launch value. Analysts attribute the high property appreciation in the NCR region to a significant demand-supply mismatch compared to other major Indian cities.
Why it matters
It highlights shifting trends in India's real estate sector, emphasizing a move toward premiumization and value-led growth in major urban hubs.
Gurugram emerged as India’s top residential market by launch value in calendar year 2025, recording ₹1.38 lakh crore across 23,809 units, with an average value of over ₹6 crore per unit, according to real estate analytics firm PropEquity.
Only four cities—Gurugram, Bengaluru, Mumbai and Hyderabad—crossed the ₹1 lakh crore mark in residential launch and sales value, the firm said.
Bengaluru recorded ₹1.30 lakh crore across 72,250 units, while Mumbai clocked ₹1.27 lakh crore from 29,627 units and Hyderabad generated ₹1.16 lakh crore from 52,388 units.
“NCR, especially Gurgaon, can no longer be ignored by any top developer as it is not a volume-led real estate story but a value and profit-maximisation-led growth engine, where rising wealth, premiumisation, migration and high employment generation are coming together to redefine India’s next real estate cycle,” said Samir Jasuja, founder and CEO of PropEquity.
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