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Gurugram Surpasses Mumbai and Dubai in Ultra-Luxury Housing Market
Gurugram has emerged as a frontrunner in India’s ultra-luxury housing market, outpacing even Mumbai and Dubai in 2024. With record-breaking property deals, Gurugram is redefining the standards of opulent urban living.
Key Highlights of Gurugram’s Luxury Real Estate Market
- Record-Breaking Deals
- DLF Camellias: A 16,290-square-foot penthouse sold for ₹190 crore (₹1,80,000 per sq. ft.), making it India’s most expensive high-rise condominium.
- Other Notable Transactions: A 13,809-square-foot property in Mumbai’s Oberoi Three Sixty West sold for ₹198 crore, while three flats at Lodha Malabar were purchased for ₹263 crore.
- Market Drivers
- Gurugram’s proximity to business hubs attracts entrepreneurs and industrialists.
- Projects like DLF Aralias (₹1,800 per sq. ft. at launch) have paved the way for today’s benchmarks like DLF Camellias (₹1,80,000 per sq. ft.).
- Increasing wealth and demand for exclusive lifestyles fuel growth.
- India’s Ultra-Luxury Real Estate Transactions in 2024
- Total Deals Above ₹40 Crore: 25
- Total Value: ₹2,443 crore
- Top Cities: Mumbai, Gurugram, Hyderabad, and Bengaluru
Comparison of Luxury Real Estate Prices
| City | Location | Average Price (₹ per sq. ft.) |
|---|---|---|
| Gurugram | DLF Camellias | 1,80,000 |
| Mumbai | Juhu | 55,000 – 60,000 |
| Malabar Hill | 50,000 – 55,000 | |
| Bandra Bandstand | 40,000 – 45,000 | |
| Altamount Road | 57,000 – 59,000 | |
| Dubai | Palm Jumeirah | 1,00,000 – 10,00,000 (AED 5,000–50,000) |
| Business Bay, Meydan | 50,000 – 70,000 (AED 2,500–3,500) |
Why Gurugram is the New Luxury Capital
- Proximity to Workspaces: Entrepreneurs and executives prefer Gurugram for its strategic location near business districts.
- Iconic Projects: Landmark developments like DLF Aralias and Camellias set global standards.
- Robust Growth: Gurugram consistently attracts high-value real estate investments.
Future of Luxury Real Estate in India
- The ultra-luxury market is expected to grow further in 2025, driven by increasing HNWIs and iconic projects.
- Innovations in design, amenities, and sustainability will continue to shape this segment.
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Contact Us
Looking to invest in Gurugram’s booming real estate market? Connect with Evantis Realty today!
- Phone: +91-9310105009
- Email: info@evantisrealty.com
- Website: evantisrealty.com/in
Evantis Realty is a leading Real Estate Broker in Gurugram & Delhi NCR specializing in high-end properties across the city. With years of experience and a deep understanding of the market, Evantis Realty offers personalized service and expert advice to help clients navigate the dynamic Gurugram & Delhi NCR Real Estate Market with confidence.
