India, March 1 -- Gurugram has overtaken Mumbai in ultra-luxury housing sales in 2025, marking what analysts describe as a structural shift in India's high-end residential market.

According to a joint report by India Sotheby's International Realty and CRE Matrix, Gurugram recorded sales of 1,494 homes priced at Rs.10 crore and above, translating into a transaction value of Rs.24,120 crore. Mumbai, in comparison, saw sales worth Rs.21,902 crore in the same price bracket. Gurugram's ultra-luxury market surged nearly 80% year-on-year in value terms.

For decades, Mumbai dominated India's luxury property landscape, defined by sea-facing apartments in South Mumbai and high-rise towers in Worli, industry experts said. However, they claimed the...