Gurugram Leads Luxury Housing Launches with 87% Share in Q3 2025

Delhi-NCR real estate market witnessed introduction of 10,245 new housing units in Q3 2025, marking a 12% increase from the previous quarter, though still 37% lower compared to the same time last year. Gurugram dominated the luxury housing segment, accounting for 87% of new luxury launches in the region during this period, according to a recent report by Cushman & Wakefield.

The weighted average price for newly launched properties during this quarter was approximately ₹15,175 per square foot, reflecting a 30% rise from the previous quarter. However, it was 3% lower compared to the same quarter last year. High-end residential areas in NCR saw annual capital appreciation of 5-6%, with Gurugram and Noida leading the growth, with price increases of 12% and 10%, respectively.

Rental values also saw modest growth. They increased by 1-2% on a quarter-on-quarter basis and 4-6% year-on-year, with Gurugram’s luxury segment experiencing the highest growth at 10%.

Key active submarkets in NCR included New Gurgaon and the Dwarka Expressway, accounting for 23% and 20% of all new launches, respectively. Greater Noida contributed 14%. The market for mid-end properties led the supply with a 51% share of the new launches, followed by high-end (26%) and luxury (22%) projects.

Gurugram’s luxury housing market continues to thrive, with high demand driven by improved connectivity to the IGI Airport, evolving infrastructure, and affordability compared to central Gurgaon. Meanwhile, the Noida region has seen strong momentum, particularly with the expected growth of the Noida International Airport.

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