Gurugram has emerged as the undisputed leader in the Delhi National Capital Region’s (NCR) housing market, according to a recent report by JLL (Jones Lang LaSalle IP, Inc). The report highlights a significant surge in new housing launches within Gurugram, with a staggering 55% share of the total launches in the first half of 2024. This dwarfs Noida, which traditionally held a strong position, capturing only 35% of the market during the same period.
This surge in Gurugram’s residential market is particularly concentrated in the New Gurugram area, which has witnessed significant development along the Dwarka Expressway. Interestingly, a substantial portion (43%) of the new launches in Gurugram fall within the luxury segment, with individual units priced at a premium of ₹5 crore or above.
This trend signifies a growing demand for high-end housing options within the NCR, with Gurugram acting as the primary hub for such developments. Analysts suggest this could be due to a combination of factors, including the presence of multinational corporations and a growing base of affluent young professionals seeking a luxurious lifestyle.
With its robust infrastructure and proximity to Delhi, Gurugram is likely to maintain its position as a frontrunner in the NCR’s real estate market for the foreseeable future.
