Luxury Housing Sales in India Surge 85 percent in H1 2025

India's luxury residential market witnessed an 85 percent year-over-year growth in sales in the first half of 2025 as about 7,000 units were sold in the top seven cities, as per a collaborative study by CBRE South Asia Pvt. Ltd and trade association Assocham. Delhi-NCR led the pack with 4,000 units or 57percent of luxury sales, a three times hike over H1 2024. Mumbai trailed with 1,240 units (18 percent share), recording 29 percent growth.

The period also witnessed 7,300 luxury units rolling out a 30 percent yearly increase, reflecting a robust supply-side push. Mid-segment cities such as Chennai and Pune traditionally accounted for a combined 5 percent of the luxury sales count. 

Key Highlights-

• Luxury housing sales in India rose 85 percent YoY in H1 2025, with 7,000 units sold across top seven cities
• Delhi-NCR led with 4,000 units sold, accounting for 57 percent of total luxury sales
• 7,300 new luxury units were launched, marking a 30 pecent annual increase in supply

Jash Panchamia, Executive Director, Jaypee Infratech Limited, commented, "The significant and crisp upsurge in demand for luxury residential properties in the first half of 2025 is a clear indication of the fact that the homebuyers' appetite remains strong and resilient across the top real estate micro-markets across the nation. All the different reform steps taken and planned to be taken and brought forward in the Union Budget, coupled with the accommodative and supportive monetary policy being pursued by the Reserve Bank of India, have certainly contributed towards boosting the overall level of disposable incomes for the average family.”

Also Read: Housing Sales Fall 20 Percent YoY in Q2 2025 but Rise 3 Percent QoQ

“The unprecedented surge in luxury residential, both demand and supply, is a reflection of a structural change in homebuyer sentiments and repositions India as a high-growth market for international and domestic investors," said Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India.

Manish Singhal, Secretary General, Assocham, further said, "Housing is no longer shelter, it's an engine for inclusive growth. This report is a very important roadmap for India's housing sector stakeholders."

In addition, Panchamia observed, "Going forward, the first half of the year looks very promising not merely for the overall Indian economy, but also, and perhaps even more significantly, for India's constantly changing real estate sector. With increasing market optimism, changing consumer tastes induced by increased exposure to world-class real estate projects, and improved willingness of house buyers to put their money into property, the next couple of months very well might set the stage for long-term expansion, greater activity, and new opportunities throughout the housing sector."