Luxury real estate developers expand presence in Gurugram and Mumbai

The Indian luxury residential market is seeing significant developments in both Gurugram and Mumbai. In Gurugram, the premium housing segment is shifting toward low-rise and builder-floor housing, with an increasing emphasis on privacy, design, and construction quality. Laburnum Developers, which has over 35 years of experience and a portfolio including the Victory Floors, is expanding its presence across various sectors in the region, including established areas and new growth corridors like the Dwarka Expressway.

In Mumbai, GVP Realty has announced MANSION XXI, an ultra-luxury sea-facing residential project at Bandra Bandstand valued at over ₹600 crore. The 26-storey development will offer a limited collection of residences and penthouses, with floor sizes ranging from 4,237 sq. ft. to 8,000 sq. ft. The project arrives amid high demand for luxury homes in Mumbai, where residences priced above ₹45 crore represent a significant portion of primary luxury sales.