₹60 cr to ₹600 cr: Rich Indians' realty spree
India has long contained starkly different economic realities. The property market, too, has its own version of this divide: one India is searching for an
India has long contained starkly different economic realities. The property market, too, has its own version of this divide: one India is searching for an affordable home, while the other is buying one for hundreds of crores.Since 2025, India's ultra-rich have been on a house-hunting spree, with business families, entrepreneurs and executives signing cheques running into tens and hundreds of crores for some of the country's most expensive homes.What makes the headline today, however, is not just entrepreneur Manav Sardana purchasing a ₹271-crore penthouse. It is the location. And it is not some sea-facing property in Mumbai. It is in the tall towers of Gurugram.Also Read: Entrepreneur Manav Sardana buys DLF The Dahlias penthouse in Gurugram for record Rs 271 croreSardana's purchase at DLF The Dahlias is among a series of big-ticket transactions that show how India's ultra-luxury housing market is spreading beyond its traditional Mumbai stronghold.But the bigger story is in the numbers. The market for ₹40-crore-plus homes is no longer made up of a handful of one-off deals. At the same time, the supply picture at the lower end is moving in the opposite direction.BuyerProperty / projectCityReported valueYearLeena Gandhi TewariTwo sea-facing duplexes, Naman XanaMumbai₹639 cr2025Uday Kotak & familyMultiple apartments / property at Shiv SagarMumbai₹400+ cr2025Ravi Agarwal & familySix apartments, Kalpataru PriveMumbai₹227 cr2025Tanya DubashDuplex, Naman XanaMumbai₹226 cr2025Shreegopal KabraTwo apartments, Oberoi Three Sixty WestMumbai₹198 cr2025Sukhpal Singh AhluwaliaApartment, The CamelliasGurugram₹100 cr2025Kriti SanonDuplex penthouse, Supreme PranaMumbai₹78.2 cr2025Manav SardanaPenthouse, DLF The DahliasGurugram₹271 cr2026Tanya Dubash & Shaula Real EstatesTwo apartments, Naman XanaMumbai₹294+ cr2026Ajit JainApartment, DLF The DahliasGurugram₹85 cr2026Radhi NavaniSea-facing apartment, Naman XanaMumbai₹162.2 cr2026Madhusudan KelaApartment, DLF The DahliasGurugram₹121 cr2026Shreya GhoshalTwo apartments, WorliMumbai₹60 cr2026₹20 crore is where the big money beginsHomes priced between ₹20 crore and ₹50 crore recorded 371 sales across India's major cities in H1 2026, more than double the 181 sold in the same period a year earlier.
That is a 105% year-on-year jump, the fastest growth among all price categories tracked by Knight Frank.Mumbai accounted for 214 of those sales, or 57%.Then comes the ₹50-crore-plus club.Also Read: India's middle class may have little room in the richer housing marketThirty-five homes priced above ₹50 crore were sold across India in H1 2026, with Mumbai accounting for 23 and NCR for the remaining 12. The numbers are tiny compared with India's overall housing market, but the ticket sizes make this one of its most visible segments.The ₹100-crore home is also becoming less of an outlier.In 2024, 59 homes priced above ₹40 crore were sold across India for a combined ₹4,754 crore, according to ANAROCK data. At least 17 of those transactions crossed ₹100 crore.Mumbai accounted for 52 of the 59 deals.Now, Gurugram wants inThis is where Sardana's ₹271-crore purchase becomes interesting.Gurugram has emerged as a serious contender in India's ultra-luxury housing market, with DLF The Dahlias producing several high-value transactions.Investor Madhusudan Kela bought an apartment at the project for about ₹121 crore. Berkshire Hathaway vice chairman Ajit Jain bought one for about ₹85 crore.The city's wider luxury market is also expanding.In 2025, Gurugram recorded 1,494 transactions for homes priced at ₹10 crore and above, worth ₹24,120 crore, according to India Sotheby's International Realty and CRE Matrix. The value was nearly six times the ₹4,004 crore recorded in 2023.Gurugram also overtook Mumbai in total transaction value in the ₹10-crore-plus category in 2025.In NCR, there is also a different kind of big-ticket property play: renting the right address. Rents for Lutyens’ Delhi coveted bungalows are touching ₹20 lakh a month, even as homes in the enclave are rarely available for sale.Mumbai still owns the ₹100-crore clubGurugram may be gaining ground, but Mumbai continues to dominate the very top end.More than 30 homes priced above ₹40 crore were sold in Worli over a 24-month period, generating more than ₹5,500 crore in transactions, according to ANAROCK and 360 ONE Wealth data.
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