Curation Team
NEW DELHI: India’s luxury housing market witnessed a sharp acceleration in the first half of 2025, with sales rising 85% year-on-year to nearly 7,000 units across the top seven cities, according to a joint report by CBRE South Asia and ASSOCHAM.
This surge underscores growing appetite among high net-worth individuals (HNIs), ultra-HNIs and non-resident Indians (NRIs), seeking premium assets amid macroeconomic resilience and a stronger U.S. dollar.
Leading the charge was the Delhi-NCR market, which accounted for 57% of total luxury sales with approximately 4,000 units, registering a threefold increase over the previous year.
Mumbai followed with 1,240 units (18% share), reflecting a 29% year-on-year growth. Cities like Chennai and Pune—traditionally dominated by mid-income housing—also entered the luxury orbit, contributing around 5% of the overall sales.
Gaurav Kumar, managing director (Capital Markets and Land), CBRE India, said, “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.”
In tandem with sales, new luxury launches also rose 30% year-on-year to approximately 7,300 units during January-June 2025. Over 90% of these were concentrated in Delhi-NCR, Mumbai and Hyderabad, signaling a focused push by developers to cater to evolving buyer preferences.
The overall housing market also remained buoyant, with ~1,32,000 units sold and ~1,38,000 units launched across the top cities, reflecting balanced demand and supply dynamics.
