Sale of ultra-luxury homes worth Rs 50 crore surge 2,550 pc in Delhi-NCR

New Delhi: In a distinctive display of rising affluence as economy remains resilient, the sale of ultra-luxury homes worth Rs 50 crore and above in Delhi-NCR saw a massive 2,550 per cent (year-on-year) growth in the first half of 2025 (January-June period), while the Rs 20-50 crore bracket surged by 1,233 per cent, according to a report on Thursday. NCR's residential market is seeing a dramatic shift and premium and luxury housing now dominates. In H1 2025, homes over Rs 2 crore made up 57 per cent of total sales, up from 43 per cent in H1 2024, according to the report by Knight Frank India. Ultra-luxury projects in prime Gurugram locations like Golf Course Road and Southern Peripheral Road, with some units exceeding Rs 50 crore, are exceptionally well-received, often selling 60-70 per cent immediately post-launch. “The residential market's pivot towards premiumisation tells a fascinating story of changing aspirations. What we are seeing is a significant market evolution. Buyers are increasingly prioritising quality, lifestyle, and exclusivity over speculation, which creates a more sustainable foundation for long-term growth across NCR's premium corridors,” said Mudassir Zaidi, Executive Director–North, Knight Frank India. Gurugram has maintained its leadership position in residential sales, accounting for 51 per cent of total sales and 55 per cent of new launches in H1 2025.