NEW DELHI: The luxury real estate sector in India experienced a remarkable growth spurt in the first half of 2025, with sales rising by 85% year-on-year, totaling nearly 7,000 units across the top seven cities, as highlighted in a joint report by CBRE South Asia and ASSOCHAM.
This increase indicates a growing interest among high-net-worth individuals (HNIs), ultra-HNIs, and non-resident Indians (NRIs) in premium real estate, driven by macroeconomic stability and a stronger U.S. dollar.
The Delhi-NCR market led the trend, accounting for 57% of total luxury sales, approximately 4,000 units, marking a threefold increase from the prior year.
Mumbai closely followed with 1,240 units (an 18% share), showcasing a 29% year-on-year growth. Meanwhile, cities like Chennai and Pune, typically known for mid-range housing, also entered the luxury market sphere, contributing about 5% to overall sales.
Gaurav Kumar, Managing Director (Capital Markets and Land) at CBRE India, noted, “The significant uptick in luxury housing demand and supply reflects a shift in homebuyer preferences, reaffirming India’s potential as a key market for both domestic and global investors.”
Alongside the sales surge, new luxury project launches also rose by 30% year-on-year to roughly 7,300 units during the first half of 2025. More than 90% of these launches were concentrated in Delhi-NCR, Mumbai, and Hyderabad, highlighting developers’ focus on adapting to changing buyer preferences.
The overall housing market remained robust, with approximately 132,000 units sold and 138,000 units launched across the top cities, indicating a balanced demand-supply scenario.
