High-net-worth individuals and NRIs are increasingly leaning towards super-luxury developments so interest in Gurugram’s top-tier residential projects has increased.

Gurugram’s real estate market is now becoming costlier than not only Indian cities but also global luxury hubs like Dubai. In premium residential projects like DLF Camellias and The Magnolias, apartment prices have climbed, starting from Rs 75 crore and going up to Rs 190 crore.

Why Are Gurugram’s Property Rates So High?

Owning property in Gurugram is becoming difficult for common people day by day. Owning a luxury apartment has become more expensive than buying a home in Dubai’s iconic Burj Khalifa. For example, in high-end projects like DLF Camellias and The Magnolias, flat prices start at Rs 75–80 crore which is around Rs 1.8 lakh per sq ft a rate that, in some cases, is even higher than premium addresses like Palm Jumeirah or Burj Khalifa in Dubai.

Over the past five years, average property prices in Gurugram have jumped by more than 80%. In 2020, some areas were priced at around Rs 7,000 per sq ft — today, premium projects are quoting up to Rs 1.8 lakh per sq ft. A luxury apartment in Burj Khalifa also costs around Rs 50–60 crore (in INR). However, in Gurugram’s Camellias or Magnolias, similarly sized or even smaller units are being sold for Rs 80 crore or more. Record transactions have crossed the Rs 150–190 crore mark.