NCR & Gurugram Realty on Fast Track: Ashwani Kumar, Pyramid Infratech

By Ashwani Kumar

Delhi, May 6, 2025: How do you perceive the current real estate trends in Delhi NCR, particularly in the luxury segment of the Gurugram market?

Delhi-NCR real estate is on a solid footing. The soon-to-be-operational massive all-around infrastructural development is among the key factors that keep the demand growing.

On the other hand, Gurugram has been among the NCR’s most prestigious cities and recent reports have shown that it is not only among the fastest-growing markets in NCR but in the country too. Gurugram’s luxury real estate market has seen a sharp uptick in demand for high-end properties driven by its evolution into a global corporate hub.

According to PropEquity, Delhi-NCR has surpassed Mumbai and Hyderabad and emerged as the top-selling housing market in 2024, where Gurugram drove 66 per cent of the sales.

Gurugram also dominated the new supply in Q1 2025 with a 75 per cent share. The city’s unmatched blend of connectivity, lifestyle and aspirational living. Ultra-HNIs and expatriates are drawn to the city’s premium developments, which offer cutting-edge amenities and proximity to business districts. The Southern Peripheral Road (SPR) and Dwarka Expressway, in particular, are emerging as magnets for luxury buyers.
 
How do you anticipate the growth numbers in the year ahead for the commercial and housing segments?

The momentum is undeniable. Gurugram’s commercial segment thrives on its reputation as India’s corporate nerve centre with multinationals and startups setting up offices here.

Luxury and ultra-luxury segments will dominate the housing market. Knight Frank’s recent report highlights NCR’s 31 per cent YoY price surge in early 2025, far outpacing the national average. Dwarka Expressway, for instance, saw property values leap 58 per cent YoY in late 2024.

With infrastructure developments like the upcoming Dwarka Expressway tunnel and the Global City project, demand will only strengthen. We foresee a 15–20 per cent YoY growth in premium residential sales and sustained commercial leasing activity, especially in mixed-use developments.
 
In Gurugram, which location and micro-market are expected to lead to luxury housing growth?

SPR and Dwarka Expressway are unequivocally the frontrunners. SPR alone accounted for 44 per cent of Gurugram’s new residential supply in Q1 2024 with luxury units making up 61 per cent of that share. Its connectivity to highways like the Delhi-Mumbai Expressway and proximity to the airport make it a commercial and residential powerhouse.

Dwarka Expressway, meanwhile, is rewriting rules—property prices here jumped 58 per cent YoY in 2024, the highest nationwide. With projects like the 16-lane highway and the INR 1 lakh crore Global City smart hub underway, this corridor is Gurugram’s future.
 
How important are lifestyle amenities in today’s projects, and how do you ensure they meet modern buyer demands?

Amenities are no longer an afterthought—they’re a prerequisite. Today’s buyers prioritise wellness, convenience, and sustainability as well as iconic architecture that reflects their status and fulfils their aspirations. High-end clubhouses, magnificent swimming pools, well-equipped fitness centres, etc., are highly valued. At Pyramid, we conduct extensive market research to identify evolving preferences. It’s about creating ecosystems, not just buildings.
 
Has infrastructure significantly impacted Gurugram’s realty market and pushed growth to its peripheries?

Absolutely. Infrastructure is the backbone of Gurugram’s real estate boom. The Dwarka Expressway alone has been transformative—slashing travel time to Delhi and the airport, while the upcoming tunnel (opening May 2025) will ease congestion on NH-48. Similarly, SPR’s connectivity to the FNG Expressway and Jewar Airport positions it as a gateway to NCR’s expansion. These projects don’t just improve accessibility; they unlock new micro-markets. Peripheral areas once deemed distant are now prime realty hotspots, thanks to seamless connectivity.
 
Tell us about your project, ALBAN, in SPR.

Spanning 4.525 acres in Sector 71, Gurugram, ALBAN is our flagship luxury residential project, crafted to cater to the sophisticated lifestyles of today’s discerning homebuyers.

Designed with a vision to redefine upscale living, ALBAN features 3 BHK luxury residences complemented by world-class amenities, including a unique double-height expansive clubhouse. This thoughtfully curated space is tailored for recreation and indulgence, blending comfort with regal elegance.

Strategically located on the vibrant SPR, the project offers seamless connectivity to NH-48, business districts, and retail hubs. ALBAN epitomises exclusivity, sustainability, and community living, making it a true landmark in luxury housing.

How does Pyramid choose project locations, and which NCR areas hold the most potential?

Our strategy hinges on foresight and data. We target corridors with robust infrastructure pipelines and latent demand. SPR and Dwarka Expressway check every box: strategic location, upcoming connectivity upgrades, and commercial tailwinds.

For instance, SPR’s integration with the Delhi-Mumbai Industrial Corridor ensures long-term relevance, while Dwarka Expressway’s Global City project will create a self-sustained urban hub. Gurugram’s micro-markets remain unparalleled, and we continue to strive in shaping the city’s skyline.