Gurgaon Draws Global Eyes: NRIs Pump Rs 10 Cr+ Into Luxury Real Estate

News18

10-06-2025

NRI investments in Gurgaon's luxury real estate are surging, with deals over Rs 10 crore. Key drivers include long-term capital appreciation and projects like Dwarka Expressway.
A fresh wave of NRI investments is flowing into Gurgaon's luxury real estate market, with many deals crossing the Rs 10 crore mark — and experts believe this is just the beginning.
According to Aishwaraya Shri Kapoor, a Gurgaon-based luxury real estate consultant, in her LinkedIn Post, non-resident Indians (NRIs) are now focusing on long-term capital appreciation rather than rental yield. 'Local buyers are still busy comparing price per sq ft. But NRIs are betting big on Gurgaon's capital growth story," Kapoor told the X post.
One of the major drivers is the stark price arbitrage between prime Indian and international locations. 'In DLF Phase 1, land is still available at Rs 4–5 lakh per square yard. That's a fraction of what you'd pay in Lutyens' Delhi at around Rs 20 lakh per square yard — or even global destinations like Palm Jumeirah, where prices touch Rs 1 lakh per sq ft," Kapoor explained.
Recent data supports this rising trend. As per JLL's Q1 2025 report, NRI real estate inflows have jumped 27% in the last quarter alone. Meanwhile, a Knight Frank projection suggests India's ultra-high-net-worth individuals (UHNWIs) could more than double by 2033 — an audience that sees Gurgaon as a future capital magnet.
Kapoor believes infrastructure projects like the Dwarka Expressway (UER-2) and the upcoming Global City are adding to Gurgaon's appeal. 'These are not just roads or commercial hubs — they're Gurgaon's version of London's Crossrail or the Docklands transformation," she said.
She added that Rs 10 crore may seem like a large investment today, but in 3–5 years, these could be considered 'steals" in hindsight.
'The capital gravity in India is shifting," Kapoor said. 'And Gurgaon is where it's landing first."
Gurgaon is not just India's next real estate hotspot — it is on track to become its version of London by 2045, said Aishwaraya Shri Kapoor in her previous post. Kapoor calls 2035 to 2045 the 'Londonization Decade" for Gurgaon — a period during which the city is likely to witness explosive growth in infrastructure, capital inflows, and luxury housing demand.
She points to significant land value gaps as a core driver. 'While Lutyens Delhi trades at around Rs 20 lakh per sq yard, DLF Phase 1 is still at Rs 4–5 lakh. Ultra-luxury property in Gurgaon is priced at Rs 25–35K per sq ft, compared to Rs 1 lakh+ in Mumbai or Dubai's Palm Jumeirah," she noted, citing data from Knight Frank and recent 2025 market averages.
Kapoor draws historical parallels with Dubai and London's capital evolution. 'Mumbai followed Dubai between 2008–2018. Dubai mirrored London from 2000–2020. Gurgaon is now following the same early-stage blueprint," she said.
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First Published:
June 10, 2025, 08:15 IST