Indian Economy News

Over 800 luxury homes sold in Hyderabad, Bengaluru, Chennai in FY26 for US$ 1.22 billion: Report

India’s luxury housing segment witnessed strong momentum in FY26, with over 800 ultra-luxury homes sold across Hyderabad, Bengaluru and Chennai, generating total sales of Rs. 11,246 crore (US$ 1.22 billion). According to a joint report by India Sotheby’s International Realty and CRE Matrix, a total of 811 homes priced at Rs. 10 crore and above were sold during the year, reflecting robust demand from high-net-worth individuals and affluent buyers. Hyderabad emerged as the leading market, accounting for 625 units valued at Rs. 8,562 crore (US$ 926.22 million), followed by Bengaluru with Rs. 1,957 crore (US$ 211.70 million) and Chennai with Rs. 727 crore (US$ 78.64 million).

The strong performance of the luxury housing segment highlights a structural shift in India’s real estate market towards premiumisation, driven by rising incomes, wealth creation and changing consumer preferences. Buyers are increasingly seeking larger homes, better amenities and prime locations, particularly in major urban centres. The report also indicates variations in market dynamics across cities, with Hyderabad leading in transaction volumes due to relatively larger home sizes and competitive pricing, while Bengaluru demonstrates strong demand momentum driven by its technology-driven economy. The growth in luxury housing is further supported by increased investments in high-end residential projects, improved infrastructure and growing demand from Global Capability Centres (GCCs) and senior professionals. Developers are focusing on premium and ultra-luxury segments to cater to affluent buyers, leading to higher transaction values despite moderate unit sales growth. Going forward, the luxury housing segment is expected to maintain its upward trajectory, supported by strong economic fundamentals, urbanisation and sustained demand from high-income groups, reinforcing its role as a key growth driver within India’s real estate sector. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.