Price Trends in Gurgaon’s Luxury Market: Still Room to Grow?

Vedant Taneja
May 3
3 min read

Gurgaon, once known as the neighboring town of the capital Delhi, is now India’s most prestigious and sought-after real estate destination. With developments from developing giants like DLF, M3M, Smartworld, Emaar, Unitech, Central Park, and many more, have contributed in turning this city has transformed from dust to touching the sky with its sky-high towers. With iconic developments like DLF Magnolias, Camellias, and new-age addresses on Golf Course Extension Road, the luxury market here has seen explosive growth. But the question now arises: have we reached the peak, or is there still room to grow?

How Have Prices Moved?

Over the past 5 years, or say post-pandemic, the property rates in Gurgaon have moved drastically upwards. Almost doubling, or in some properties, the rates have gone up to 5X of their original value. Some of these projects are:

DLF Magnolias: In 2019, it had the rate of ₹20,000 per sqft. Which moved drastically up to ₹1,00,000 per sqft. In 2025 for resale.
DLF Camellias: Launched around ₹30,000/sqft. This ultra luxurious property is now reselling for ₹75,000–₹1,10,000/sqft.
Trump Tower: Going to 20 Cr* from 14 Cr* in mere 3-4 years.
Golf Course Extension Road Projects (e.g., Smartworld, M3M, Emaar) saw a hike of 40–70% in prices post-pandemic.

What’s Driving the Growth?

NRI & HNI Demand

High-net-worth individuals and NRIs from Dubai, Singapore, London, and New York are consistently investing in Gurgaon's luxury segment, not just for returns but also for status and stability. With the rise in many luxury projects, it is a great area for them to invest in a home for themselves as well as their families.

Limited Supply of Ultra-Luxury Projects

There are only a handful of luxury condominiums with large floor plates, private lift lobbies, and 7-star amenities, creating a high demand for luxury homes, and when there is a scarcity of things, the price goes high.

World-Class Infrastructure

With these luxury projects having world-class infrastructure to support the lifestyle they offer, it becomes a good deal that is hard to say no to. With areas like Golf Course, Golf Course Extension Road, Dwarka Expressway, Mumbai Expressway, and many entertainment zones like Cyberhub, 32 Avenue, and many more, provoking investors to have a property in these amazing localities.

Global City and RRTS Impact

The upcoming Global City in Sector 36B and the Delhi-Gurgaon-RSN RRTS will redefine the accessibility and economic potential of the area. It assures the investors that with future developments, they will see a rise in their property values.

Are Prices Overheated?

The correct answer to this question is, it depends on the locality. While prices have reached eye-watering levels, buyer appetite remains strong. Here is what we mean by “it depends on the locality”:

Golf Course Road has likely peaked, but will hold its value due to elite demand and zero new land availability.
Golf Course Extension Road is witnessing price consolidation, but the launch of newer projects still offers 20–30% room for appreciation.
Southern Peripheral Road & New Gurgaon are in early growth stages and could be the next hotspots.

Is There Still Room to Grow?

Here is what we think about the key areas in Gurgaon and how much they can grow in the coming 4 years.

LOCATION	SEGMENT	GROWTH POTENTIAL
Golf Course Road	Ultra-Luxury	Moderate (5-10%)
Golf Course Extension	Luxury & Upper Mid	High (20-30%)
New Gurgaon / SPR	Mid to High-End	Very High (30-40%)
Sohna & Sectors beyond 80	Affordable/Luxury Plots	High (35+%)

Final Takeaway

Gurgaon's luxury real estate market is not saturated, it’s evolving. While some prime locations have matured, emerging corridors backed by infrastructure and master-planned developments are opening up new investment opportunities. If you’re looking to invest in Gurgaon’s luxury segment, now is the time to be selective, data-driven, and future-focused. The developers understand the demand and are providing new designs and concepts of luxury.