Last Updated:
Nearly 7,000 luxury units were sold across the top seven cities — Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, and Chennai — during the first half of 2025.
Delhi-NCR led the segment with about 4,000 units sold, accounting for nearly 57% of all luxury housing sales and recording a threefold growth compared to the same period last year.
Real Estate Demand In 2025: India’s luxury housing segment witnessed an 85% year-on-year (YoY) jump in sales during January-June 2025, according to a joint report released by CBRE South Asia Pvt Ltd and ASSOCHAM at the CBRE ASSOCHAM Real Estate Conference 2025. The report, titled ‘The New Paradigm in Indian Housing’, attributes the growth to robust economic fundamentals, evolving consumer aspirations, and improved policy frameworks.
According to the report, nearly 7,000 luxury units were sold across the top seven cities — Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, and Chennai — during the period. Delhi-NCR led the segment with about 4,000 units sold, accounting for nearly 57% of all luxury housing sales and recording a threefold growth compared to the same period last year, according to the report.
Mumbai followed with around 1,240 units sold, representing 18% of total luxury sales and marking a 29% YoY increase. Mid-end dominated cities like Pune and Chennai also contributed nearly 5% to overall luxury sales, signaling a broadening interest in high-end properties beyond traditional luxury hubs, it added.
Luxury Launches Also on the Rise
The report also notes that around 7,300 luxury units were launched in H1 2025, reflecting a 30% YoY growth. Delhi-NCR, Mumbai, and Hyderabad collectively accounted for over 90% of these new launches, indicating a concentrated yet aggressive push by developers in key urban markets.
“The remarkable rise in luxury housing, both in demand and supply, reflects a structural shift in homebuyer preferences and reaffirms India’s position as a high-potential market for global and domestic investors alike,” said Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India. “Developer focus has realigned toward quality, transparency, and experience — key to unlocking the sector’s next wave of growth.”
Overall Housing Market Remains Robust
Beyond luxury housing, the overall residential market remained healthy in H1 2025, with about 132,000 units sold and 138,000 new units launched across the top seven cities. The nearly balanced supply-demand dynamic suggests sustained end-user and investor confidence.
Manish Singhal, secretary feneral, ASSOCHAM, highlighted the broader transformation in the sector, stating, “Housing is no longer just shelter, it’s an engine for inclusive growth. This report is a vital roadmap for stakeholders in India’s housing landscape.”
He emphasised the need for policy reforms to further ease business operations, redefine affordable housing, and incentivize sustainable development.
The report underscores a growing appetite for luxury homes, particularly among HNWIs, UHNWIs, and NRIs looking to safeguard assets amid global uncertainty and benefit from a stronger dollar.
According to the report, key growth drivers for the broader residential market include rising household incomes and urbanisation, strong affinity for homeownership, active land acquisition and investor interest in residential projects, monetary easing by the RBI in early 2025, and increasing alignment of demand and supply in the Rs 1-2 crore price range.
Sustainability is also making inroads beyond premium housing, with green construction practices gaining momentum even in mid-tier segments.
With tier-I developers expected to maintain dominance across most residential categories, the Indian housing market appears well-positioned for sustained, inclusive, and high-quality growth in the coming quarters.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
view comments
- First Published:
