62 Percent of Homes Sold in H1 2025 Priced Above Rs 1 Crore

In a significant change in customer demand, homes priced between Rs.1 crore and more were the major sellers in India's residential real estate in the first half of 2025, a new JLL report said. The luxury segment accounted for 62 percent of overall housing sales in the period, up significantly from the 51 percent in the same period in the previous year.

Leading this growth was a 14 percent year-over-year rise in demand for houses valued between Rs.3 crore and Rs.5 crore. On the other hand, the mass housing segment, houses were valued below Rs.1 crore, has witnessed its market share dip to 38 percent, from 41percent in H1 2024. 

Key Highlights:

• Luxury homes (₹1 crore and above) made up 62 percent of all housing sales in H1 2025, up from 51 percent last year
• Demand for Rs.3 to 5 crore homes surged 14 percent year-on-year, while mass housing share dropped to 38 percent
• Delhi NCR recorded the highest price growth at 17 percent, followed by Bengaluru at 14 percent, amid strong premium housing momentum

"The consistent increase in sales of luxury residential property suggests increasing buyer prosperity, changing lifestyle aspirations, and an increased need for bigger, higher-end living," explained Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.

In spite of a decline in new project offerings, developers continue to boost focus on high-end residential products. As many as 154,086 new residential units were offered in India's seven major cities during H1 2025, with 74,239 units offered in the April–June quarter itself.

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Metropolises such as Bengaluru, Mumbai, and Pune continued to drive residential sales collectively representing 63 percent of total sales volume. Delhi NCR, however, reported the strongest year-on-year growth in property prices at 17percent, followed by Bengaluru at 14percent.

Though RBI has cut repo rates by nearly 100 basis points over the past year, housing finance companies have yet to lower their lending rates. Nonetheless, declining inflation and favorable policy measures are expected to further support premium housing demand.