Luxury home sales up 85% in seven cities in H1 2025: Report
- IBEF
- July 14, 2025
India’s luxury housing market witnessed a remarkable surge in H1 2025, with sales of 7,000 homes priced between Rs. 4-6 crore (US$ 466,091-699,137), marking an 85% YoY increase, according to a joint report by CBRE South Asia and ASSOCHAM. Delhi-NCR emerged as the top performer, accounting for 57% of total sales with 4,000 units sold, a threefold rise from the previous year. Mumbai followed with 1,240 units sold, comprising 18% of the market and reflecting a 29% growth. Industry experts attributed the sharp rise to rising aspirations, strategic investment by high-net-worth individuals (HNIs), and policy tailwinds. The report noted that 7,300 new luxury homes were launched in H1 2025, up 30% from the previous year, with Delhi-NCR, Mumbai, and Hyderabad contributing over 90% of these launches.
Managing Director, Capital Markets and Land at CBRE India, Mr. Gaurav Kumar, said the surge reflected growing lifestyle aspirations and consumer confidence. Wealth preservation amid global uncertainty and a strong United States (US) dollar also drove demand, especially from ultra-HNIs and Non-Resident Indians (NRIs). The Reserve Bank of India’s recent monetary easing and a stable regulatory environment further bolstered investor sentiment. Secretary General of ASSOCHAM, Mr. Manish Singhal, highlighted the sector’s role as a driver of inclusive growth, emphasising the need for reforms to streamline approvals and encourage sustainable development. With urbanisation accelerating and disposable incomes rising, the luxury housing segment is poised for continued expansion.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
