Gurugram, Nov 12: The National Capital Region continues to strengthen its position as a key residential real estate market, driven by growing interest in luxury housing, rising property values and improving buyer sentiment ahead of the festive season. With Gurugram emerging as the country’s leading market for luxury housing launches by value and demand witnessing a seasonal uptick across major cities, developers are introducing special festive offers to encourage homebuyers to turn their homeownership aspirations into reality.
According to a PropEquity report, Gurugram recorded residential launches worth ₹1.38 lakh crore across 23,809 units in calendar year 2025, the highest launch value among Indian cities. The average launch value exceeded ₹6 crore per unit, highlighting the market’s growing premium positioning. Bengaluru followed with ₹1.30 lakh crore across 72,250 units, while Mumbai recorded ₹1.27 lakh crore across 29,627 units.
The report further highlighted that Gurugram witnessed approximately 7,430 home launches priced above ₹5 crore in 2025, surpassing Mumbai’s nearly 5,710 units. At the broader regional level, NCR recorded a total residential launch value of ₹2.16 lakh crore across 50,167 units, translating into an average value of approximately ₹4 crore per unit. Gurugram contributed nearly 60% of NCR’s residential sales value of around ₹1.63 lakh crore in 2025, reflecting its importance in the region’s housing market.
The luxury housing segment has emerged as a significant growth driver nationally. According to PropEquity, the value of residential launches priced above ₹5 crore increased nearly 18-fold, from ₹12,223 crore in 2020 to ₹2,39,996 crore in 2025. The report also noted that property values in NCR have appreciated by around 450% since the Covid-19 pandemic, compared with an average appreciation of 250% across other cities. Meanwhile, the region’s inventory overhang declined to 12 months in 2025 from 43 months in 2014, indicating an improvement in inventory absorption.
Adding to the positive outlook, Magicbricks’ PropIndex report for July–September 2026 indicated that residential demand across India increased by 8.2% quarter-on-quarter as the festive season approached. While demand remained below year-ago levels, the report highlighted improving buyer interest across major residential markets, alongside moderate price increases. Demand for homes priced above ₹3 crore recorded notable growth in Greater Noida, Bengaluru and Noida, underlining the continued interest in premium properties across select markets.
The Magicbricks report also found that homebuyers continued to favour practical configurations, with properties measuring 750–1,250 sq. ft. accounting for the largest share of demand, followed by homes in the 1,250–2,000 sq. ft. category. Two-bedroom and three-bedroom apartments remained the preferred configurations. On the supply side, active listings contracted in Gurugram, while Bengaluru, Noida and Hyderabad recorded increases. Property prices in Gurugram and Greater Noida remained relatively stable during the quarter, reflecting differences in local demand and supply dynamics.
Rishe Singh, Founder & CEO, Silverdome Realtors,
“For Indian families, buying a home has always been more than a financial decision. Festivals like Navratri, Dhanteras and Diwali bring a sense of new beginnings, making them a natural time to take that important step. But today’s homebuyer is far more informed. By the time the festive season arrives, most have already researched locations, compared projects, checked the developer’s track record and evaluated connectivity, construction progress and future potential. The festival often becomes the moment when months of research finally turn into a decision. For developers, this makes the festive season equally important, with new launches, flexible payment plans and customer offers giving buyers more choices. Ultimately, while the festive spirit creates the emotional connect, it is trust, transparency and long-term value that give families the confidence."
Mr. Amit Aggarwal, Director, Karyan Group said,
“Festive season home buying in India isn't just tradition, it reflects genuine confidence in the future. That sentiment builds from the very first day of Navratras and carries through to Diwali and Dhanteras. Families link this window to prosperity and new beginnings, and we see that emotional connect drive footfalls and closures for us right from the start of the season. At Karyan Group, buyers increasingly want to move into their new homes during this period, treating it as the start of a new chapter."
With NCR’s growing prominence in the luxury housing segment, improving inventory absorption and renewed festive-seasoninterest, the region remains an important market for residential developers. While premium housing continues to drive launch values in Gurugram, the wider market reflects diverse buyer preferences across price points and home configurations. Festive campaigns such as BPTP Pushpanjali and JMS Group’s Navratri Nav Rewards add another dimension to this market environment, as developers seek to enhance the homebuying experience during an auspicious period for property purchases.
