Luxury Real Estate Sales Surge by 28% in Q1, Delhi-NCR Takes Lead

Synopsis

India's luxury housing market saw a 28% increase in sales in Q1 2025, with Delhi-NCR leading the way. The report from CBRE South Asia highlights the significant growth in high-end real estate driven by rising incomes and lifestyle changes.

Key Takeaways

Luxury housing sales surged by 28% in Q1 2025.
Delhi-NCR accounted for nearly half of sales.
Bengaluru showed the highest growth among southern cities.
The high-end segment captured 27% of the market share.
Ongoing infrastructure improvements support housing demand.

New Delhi, April 15 (NationPress) India’s luxury housing market experienced a remarkable 28 percent increase in sales during the January-March period this year, compared to the same timeframe last year, as detailed in a report from real estate consultancy CBRE South Asia.

This segment, which includes properties priced at Rs 4 crore and above, saw approximately 1,930 luxury units sold during the quarter.

Among the top seven cities, Delhi-NCR led in luxury unit sales, accounting for nearly half of the total with about 950 units sold, followed by Mumbai, which contributed 23 percent to the overall sales.

Bengaluru exhibited the most significant growth among southern cities, increasing from a mere 20 units in Q1 2024 to approximately 190 units in the January-March 2025 period. Kolkata and Chennai each held a 5 percent share in the overall luxury unit sales, as per the report.

The high-end segment dominated the sales activity, capturing 27 percent of the total market share, closely followed by the mid-end segment, which accounted for 25 percent.

“The luxury and high-end segments continue to gain momentum, driven by rising disposable incomes, lifestyle upgrades, and a desire for future-ready living spaces. We expect residential demand to maintain a steady pace as infrastructure enhancements and improved financing options bolster housing demand in key cities. The recent repo rate cut will further enhance buying sentiments,” remarked Anshuman Magazine, Chairman and CEO-India, South-East Asia, Middle East, and Africa, CBRE.

According to the report, India's residential real estate market is projected to remain strong through 2025, supported by a growing desire for homeownership, rising income levels, and ongoing infrastructure developments.

Moreover, the RBI's initiation of the monetary easing cycle, along with the narrowing gap between EMIs and rentals, could motivate homebuyers to finalize their purchasing decisions, the report further indicated.

New project launches are expected to stay robust throughout the year, fueled by the significant land acquisitions observed during the 2023-24 period, the report concluded.