Opportunity is no longer simply about building more—it is about building better, in the right locations
| Photo Credit: The Hindu
Gurugram emerged as India’s top residential market by launch value in calendar year 2025, recording ₹1.38 lakh crore across 23,809 units, with an average value of over ₹6 crore per unit, according to real estate analytics firm PropEquity.
Only four cities—Gurugram, Bengaluru, Mumbai and Hyderabad—crossed the ₹1 lakh crore mark in residential launch and sales value, the firm said.
Bengaluru recorded ₹1.30 lakh crore across 72,250 units, while Mumbai clocked ₹1.27 lakh crore from 29,627 units and Hyderabad generated ₹1.16 lakh crore from 52,388 units.
“NCR, especially Gurgaon, can no longer be ignored by any top developer as it is not a volume-led real estate story but a value and profit-maximisation-led growth engine, where rising wealth, premiumisation, migration and high employment generation are coming together to redefine India’s next real estate cycle,” said Samir Jasuja, founder and CEO of PropEquity.
“The opportunity is no longer simply about building more—it is about building better, in the right locations and for a more sophisticated homebuyer,” he added.
The overall National Capital Region (NCR) market recorded ₹2.16 lakh crore across 50,167 units, translating into an average value of ₹4 crore per unit, PropEquity said.
Post-Covid, NCR property prices have appreciated 450%, compared with an average of 250% across other cities, the firm said, attributing the sharper rise to a demand-supply mismatch.
“NCR has the highest population among Tier 1 cities (about 3 crore) yet the lowest number of launches at about 50,000 units. This is as compared with Mumbai Metropolitan Region (MMR), which has a population of about 2.5 crore but a total supply of over 1.4 lakh units,” it said.
“This creates a demand–supply mismatch of about 3:1 in favour of NCR compared to the other top cities—the main reason behind NCR’s higher appreciation,” it added.
Published – October 10, 2026 09:04 pm IST
