Gurgaon — officially renamed Gurugram — has transformed from a satellite town into a significant economic hub, driven by rapid urbanisation and a growing corporate presence. The shift happened faster than most Indian cities of comparable size. The city now hosts many Fortune 500 companies, cementing its status as a corporate powerhouse in India. That employment base, in turn, sustains a housing market that is structurally different from speculative markets in other NCR districts.
Gurugram accounts for over 60 percent of the total inventory sold in the NCR in both value and volume. That share is striking for a single district and reflects both depth of demand and a sustained supply pipeline from organised developers.
Average property prices in Gurgaon rose from around ₹7,500 per sq ft in 2019 to ₹19,500 per sq ft by 2024 — a 160 percent increase. In 2025, appreciation continued at 12–18 percent year-over-year, driven by limited supply and NRI demand. These are city-wide averages; individual corridors have diverged considerably depending on infrastructure timelines.
Post-COVID, Gurgaon witnessed a sharp rebound with 35–40 percent price appreciation in luxury segments between 2022 and 2024, fuelled by increased demand for larger homes and lifestyle upgrades. Home sales in Gurugram surpassed ₹1.07 lakh crore by 2024, with the majority concentrated in premium housing, sourced largely from HNIs, CXOs, and NRIs seeking larger, well-specified homes.
On the rental side, rental yields have risen from 3.5 percent in 2019 to 4.1 percent in 2024, according to an Anarock report — a meaningful shift for a city long associated with end-user rather than yield-driven demand.
The Dwarka Expressway is a 29 km project connecting Dwarka to Kherki Daula via New Gurgaon. The Gurgaon stretch opened to the public in December 2022, and the Delhi section — including the airport tunnel — became operational in August 2025. With Phases 3 and 4 inaugurated in August 2025, the fully operational expressway is set to transform regional connectivity.
The infrastructure impact on transit times is measurable. The expressway has reduced travel time from Gurgaon sectors to Dwarka and West Delhi by approximately 50–60 percent, with many sectors now reaching the border in under 15 minutes. Residents in developments along the corridor now have access to major employment centres in Cyber City, Udyog Vihar, and Connaught Place.
The recent integration with the Gurugram Metro Rail Limited (GMRL) project has further reinforced the corridor's status, with a metro spur from Basai Village to the expressway moving into active construction following a bhoomi pujan in late 2025. The spur will link New Gurgaon residents directly to Millennium City Centre and the Delhi Metro Yellow Line.
In 2023 alone, the Dwarka Expressway and New Gurgaon cluster sold approximately 12,409 housing units amounting to ₹25,000 crore. Among the sectors that have gained most traction along the stretch, Sectors 88, 92, 99, 104, and 110 stand out due to the presence of organised developers and evolving infrastructure.
Sector 92 connects to key areas in Delhi NCR via arterial roads including NH-48, Dwarka Expressway, IMT Road, Pataudi Road, and Sector 91 Road, with Garhi Harsaru Junction approximately 8 km away and Indira Gandhi International Airport a 50-minute drive. Average property prices in the sector range between ₹8,100 and ₹12,450 per sq ft, reflecting an upward trend driven by infrastructure developments and growing demand.
The sector's proximity to IMT Manesar — one of the largest industrial zones in the NCR — provides a structural underpinning for residential demand that goes beyond speculative interest. As New Gurgaon emerges as a prime real estate destination, Sector 92 is increasingly positioned as a hub for premium residences.
The current demand phase is being driven by professionals, families, NRIs, and institutional capital seeking stability, livability, and long-term value — with greater dominance of organised developers as a result. Buyers increasingly prefer RERA-compliant, branded developers with proven delivery records, which is reducing risk and improving project quality across the city.
Sectors 84–88 on Dwarka Expressway, Golf Course Extension Road, and the upcoming Global City corridor are projected to see the highest appreciation in Gurgaon over the next five years. The most significant development underway in 2026 is the 1,000-acre Global City, being positioned as a Central Business District between the expressway and NH-48.
Prestige Group was founded in 1986 by Razack Sattar and is based in Bengaluru. With 302 completed projects delivering 193 million square feet of developed area as of September 2024, Prestige Group has earned the distinction of being the only developer with a CRISIL DA1+ rating for construction and development capabilities. As of 2025, the group operates across Bengaluru, Hyderabad, Chennai, Mumbai, Pune, Kochi, Goa, and Delhi-NCR.
The group's NCR push has been deliberate and sequenced. It began with The Prestige City in Indirapuram, Ghaziabad, marking its first large-scale entry into the Delhi-NCR market. Gurugram is its next step in this expansion. Prestige Estates Projects Limited has secured a prime land parcel in Sector 92, Gurugram, through a Joint Development Agreement for a 17.212-acre site, with a projected Gross Development Value of ₹4,200 crore. The proposed development is expected to have a saleable area of approximately 3 million square feet.
Strategically located near the Dwarka Expressway, the site is expected to benefit from improving infrastructure, enhanced connectivity to major business hubs, and rising residential demand in Gurugram. Chairman and Managing Director Irfan Razack has described the Gurugram push as part of a disciplined, long-term strategy: "We remain measured in our approach, focusing on locations with improving infrastructure and long-term potential."
Prestige Estates plans to launch as many as 25 residential projects spanning 44.80 million sq ft of developable area with an estimated gross development value of ₹42,120 crore in FY26. These projects are lined up across Bengaluru, Chennai, Hyderabad, Mumbai, Delhi-NCR, and Goa. The Sector 92 project in Gurugram — tracked on this microsite as the Prestige Gurugram Sector 92 Residential Project — represents the group's first direct residential commitment in the city.
