Gurugram Leads India's 2025 Residential Launch Value at ₹1.38 Lakh Crore

What the data shows

Property data firm PropEquity ranks Gurugram first among Indian cities by residential launch value for calendar year 2025. Projects with a combined value of ₹1.38 lakh crore were launched across 23,809 units in the city, according to the figures reported by BusinessWorld and Hindustan Times in October 2026.

The story is about launches, meaning the value of projects brought to market during the year. It does not measure homes sold to buyers or completed. The Hindustan Times report uses the phrase 'luxury housing market' in its headline. BusinessWorld describes the same ₹1.38 lakh crore as the total for all residential launches in the city, and gives the luxury segment separately. This article follows the BusinessWorld framing.

PropEquity describes itself as an NSE-listed data analytics firm. Its founder and CEO, Samir Jasuja, said that NCR, particularly Gurugram, is increasingly becoming a value and profit-maximisation-led market rather than a volume-led one. The full quote was not available in the text we could access.

How the four largest markets compare

Only four cities crossed ₹1 lakh crore in launch value in 2025. The table below uses the PropEquity figures as reported by BusinessWorld.

Bengaluru launched nearly three times as many units as Gurugram, yet Gurugram recorded a higher total launch value. That gap points to a higher average price per unit in Gurugram. BusinessWorld puts Gurugram's average above ₹6 crore per unit. A simple division of the rounded totals (₹1.38 lakh crore by 23,809 units) gives about ₹5.8 crore. The difference is likely due to rounding or a different unit base, so this article does not quote a per-unit average.

Premium mix and the NCR supply gap

PropEquity links the shift toward higher-value launches to a demand-supply imbalance across the National Capital Region. The firm estimates the region has a population of around 3 crore but only about 50,000 units of supply, and puts the demand-supply mismatch at around 3:1 in favour of NCR compared with other leading markets.

On the same basis, PropEquity says NCR has appreciated 450 per cent after Covid, against an average of 250 per cent across other cities. These are PropEquity's own estimates and have not been independently verified.

Anarock data, reported by Storyboard18, found that over 80 per cent of new launches in the first nine months of 2025 were in the ultra-luxury bracket, above ₹2.5 crore. Anarock's full-year 2025 data, cited in the same reporting, puts Gurugram at about 29,500 launches and 24,400 sales, or 48 per cent of NCR launches and 42 per cent of NCR sales.

Where new launches are concentrated

Emerging sub-markets, namely New Gurugram, Dwarka Expressway and Sohna Road's SPR corridor, accounted for almost half of Gurugram's new launches in 2025, according to the reporting. Infrastructure projects in the area include the Dwarka Expressway, the Gurugram-Sohna connector, the Delhi-Mumbai Expressway and the KMP Expressway. Those projects are cited in the reporting as supporting the local economy and property demand.

Storyboard18 also reported that infrastructure concerns in Gurugram have worried end-user buyers, but Anarock expects the impact to be short-lived.

What it means for buyers

For a buyer, the main point is that the high launch value reflects expensive, larger homes rather than a large number of new units. Launch value and unit counts measure supply coming onto the market, not prices a buyer will pay in any given month. The data does not show what individual flats cost, what they will be worth, or whether prices will rise.

• Gurugram's high launch value comes from a small number of high-priced units, not from mass-market volume.
• Infrastructure concerns were reported among end users, and Anarock expects those concerns to fade.
• PropEquity's supply-gap argument is its own estimate and should be weighed as one view.

What it means for investors and the market

Developers in the city are focusing on premium and larger projects. SKJ Landbase, citing the same PropEquity figures, describes this as a shift toward premium residences, larger homes and high-value developments rather than more units. Investors reading the data should note that launch value can rise through pricing alone, even when unit volume is flat or falling.

The Business Standard reported in September 2026 that India's housing sales were flat in the first half of 2026, at about ₹3.6 lakh crore. That national context is relevant, but the Business Standard piece was not used for the Gurugram figures in this article.

Limits of the data and what is not yet known

The PropEquity figures cover launches in calendar year 2025 only. They do not cover sales, cancellations, or 2026 activity. The Hindustan Times report, which is the original source for the headline figure, could not be retrieved in full for this article. The Hyderabad figure and the other city-level numbers come from BusinessWorld and a secondary table, and both agree on Bengaluru, Mumbai and Hyderabad.

The reporting we reviewed contains a separate segment figure for homes priced above ₹5 crore, rising from ₹12,223 crore in 2020 to ₹2,39,996 crore in 2025. That figure is not used in this article because its geographic scope is unclear and it is larger than the total NCR launch value reported for 2025.

No announced next steps, official responses or dated follow-up reports were found in the sources reviewed.