How Did Luxury Housing Sales in India Achieve an 85% Growth in Jan-June?
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Synopsis
Discover how India's luxury housing market soared with an 85% growth in sales during the first half of 2023. This unprecedented increase, driven by consumer confidence and changing buyer preferences, highlights the country's evolving real estate landscape. Read more to understand the factors behind this remarkable trend.
Key Takeaways
- 85% growth in luxury housing sales in H1 2025.
- Delhi-NCR accounted for 57% of total luxury sales.
- 7,300 luxury units launched, marking a 30% annual increase.
- Shift in buyer preferences towards luxury and premium housing.
- Strong interest from HNWIs and NRIs.
New Delhi, July 11 (NationPress) The luxury real estate sector in India has experienced a remarkable 85% surge in sales during the first half of this year, with nearly 7,000 units sold across the seven major cities, according to a recent report.
In the January-June timeframe, Delhi-NCR topped the charts with 4,000 luxury units sold, accounting for 57% of total sales and marking a threefold increase compared to the same period last year, as per the report by CBRE South Asia Pvt. Ltd, a leading real estate consulting firm, and the apex business chamber Assocham.
Mumbai followed with 1,240 luxury units sold, representing 18% of the total luxury sales during H1 2025, reflecting a 29% growth in this segment.
Additionally, traditionally mid-range markets like Chennai and Pune together contributed 5% to the overall luxury sales in H1 2025.
The first half of this year also saw the launch of 7,300 luxury units, a notable 30% annual increase.
“India’s residential market has entered a phase of strategic resilience. While macroeconomic fundamentals remain strong, the standout growth of luxury and premium housing indicates rising consumer confidence and lifestyle aspirations,” commented Gaurav Kumar, Managing Director, Capital Markets and Land at CBRE India.
Developers are now focusing on quality, transparency, and customer experience, all crucial for unlocking the next phase of sector growth.
“The impressive increase in both demand and supply for luxury housing indicates a significant shift in homebuyer preferences and reinforces India’s status as a high-potential market for both global and domestic investors,” added Kumar.
India’s luxury housing market is steadily attracting HNWIs (High Net Worth Individuals), UHNWIs, and NRIs, driven by the desire to safeguard assets amid global uncertainties and benefit from a strengthening US Dollar.
The report also highlights that overall housing sales across the top seven cities remained strong in H1 2025, with 132,000 units sold and 138,000 new units launched, reflecting a balanced market.
“This report serves as a vital roadmap for stakeholders in India's housing landscape. The housing boom, coupled with policy evolution, underscores the necessity for reforms that ease approvals, redefine affordable housing in urban India, and encourage sustainable development. Housing is no longer just shelter; it's an engine for inclusive growth,” stated Manish Singhal, Secretary General at Assocham.
Point of View
I recognize that the significant growth in luxury housing sales in India reflects a broader economic resilience. This trend highlights the evolving preferences of homebuyers and the increasing appeal of the Indian real estate market to both domestic and global investors. It is crucial for stakeholders to adapt to these changes to ensure sustainable growth in the housing sector.
NationPress
27/07/2025
Frequently Asked Questions
What is the growth percentage of luxury housing sales in India for H1 2025?
Luxury housing sales in India recorded an 85% year-on-year growth in the first half of 2025.
Which city led luxury housing sales in India during this period?
Delhi-NCR led the luxury housing sales with 4,000 units sold.
What was the total number of luxury units sold across the top seven cities?
Approximately 7,000 luxury units were sold across the top seven cities.
What factors are driving the growth in luxury housing sales?
Factors include rising consumer confidence, lifestyle aspirations, and a shift in homebuyer preferences.
How does the report describe the overall housing market in H1 2025?
The report indicates a robust market with 132,000 units sold and 138,000 new units launched.
