No Bubble in Gurugram Housing Market; Steady End-User and Investor Demand: Signature Global
The real estate landscape in Gurugram remains resilient and healthy, according to Pradeep Kumar Aggarwal, Chairman of Signature Global. Dismissing concerns of a potential downturn, Aggarwal asserted that the housing market is not experiencing any speculative bubble, and demand is being primarily driven by genuine end-users and informed investors.
“There is no speculation and bubble in the Gurugram residential market. There is a genuine demand from end-users and investors,” said Aggarwal during an event hosted by Assocham and CBRE.
Addressing media questions about the possibility of a price correction or crash, Aggarwal emphasized the sustained health of the market. He said that while housing prices may see a slower pace of growth, the fundamentals remain robust.”There is no bubble in the Gurugram housing market,” he stressed. “The average pace of growth will now moderate to around 8-10 per cent annually. Since 2020, weighted average prices have already more than doubled.”
End-User Demand Leading the Market
Aggarwal detailed that nearly 60% of current demand stems from end-users, followed by a healthy mix of local investors and NRIs. These buyers are entering the market primarily for rental yields and long-term capital appreciation, rather than short-term speculation.
“We sold 4,000 units in the last financial year. The request for cancellation of housing units and property transfer was below 5 per cent. This clearly indicates minimal or no speculation,” he added.
The steady nature of demand combined with moderate price appreciation forms the backbone of a healthy and sustainable housing market, Aggarwal noted.
Mid-Segment Leads, Luxury Also Sees Strong Interest
The highest traction is seen in the Rs 2–4 crore segment, which caters to the growing demand for quality mid-to-premium housing. That said, the luxury and ultra-luxury categories are also witnessing increased momentum due to evolving lifestyle preferences and NRI interest.”Maximum demand in Gurugram is for Rs 2–4 crore per unit category, but luxury and ultra-luxury segments have also been performing well,” Aggarwal explained.
Corporate Presence Fuelling Residential Growth
Gurugram’s position as a key office market in India, housing numerous multinational corporations, continues to play a crucial role in residential real estate growth. This corporate influx is boosting demand for nearby housing, especially among working professionals and relocating families.
“Gurugram is one of the most important office markets in the country and hosts many MNCs. This has naturally led to increased residential demand,” said Aggarwal.
He also pointed out that a growing number of Delhi families are relocating to Gurugram, attracted by better infrastructure and lifestyle options in recent years.
Surging Market Value Validates Demand
The overall market sentiment is echoed in hard data. According to PropEquity, Gurugram’s housing sales touched nearly ₹1.07 lakh crore in 2024, a substantial rise from ₹64,314 crore in 2023.
This surge is also reflected in high absorption rates. In many cases, developers like DLF have witnessed complete sell-outs of entire residential projects within days of launch.
Conclusion
With strong fundamentals, authentic demand, and moderated price growth, the Gurugram residential real estate market is charting a sustainable growth trajectory. Signature Global’s insights highlight that this growth is not driven by speculation, but by real demand from buyers seeking homes and long-term investments.
