H1 2025: 85% growth in luxury home sales, report

India's luxury residential market saw an 85% YoY growth during the first half of 2025, with close to 7,000 upscale residential spaces sold across the top seven cities, as per a joint report by CBRE South Asia Pvt. Ltd. and ASSOCHAM.

The report, titled 'The New Paradigm in Indian Housing,' was unveiled at the CBRE-ASSOCHAM Real Estate Conference 2025, which was organized under the Ease of Doing Business: Unlocking Sustainable Growth theme.

The top seven cities are Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, and Chennai.

More than half of all luxury sales are in Delhi-NCR.

Driving the luxury growth, Delhi-NCR reported sales of about 4,000 luxury units in January–June 2025, accounting for 57% share of the overall luxury segment. Delhi-NCR also witnessed a three times growth in sales against the corresponding period last year, the report added.

Mumbai trailed close behind with 1,240 units sold, an 18% share, and 29% YoY growth.

"Typically mid-segment-dominated markets such as Pune and Chennai also made their presence felt, together accounting for approx. 5% of premium home sales in H1 2025," the report went on.

A total of 7,300 luxury units were introduced between January and June.

The report stated that in H1 2025, more than 7,300 luxury apartments were launched, representing a 30% YoY growth. Delhi-NCR, Mumbai, and Hyderabad contributed to more than 90% of new launches, highlighting their sustained dominance in the high-end residential market.

The housing boom, together with policy development, underscores the imperative of reforms that simplify approvals, redefine affordable housing in urban India, and encourage sustainable development. Housing is not just a roof over the head anymore; it's a vehicle for inclusive growth," said Manish Singhal, secretary general of ASSOCHAM.

What's driving the luxury home sale boom?

The report indicated that the luxury housing market is being fueled by ultra-HNWIs, HNIs, and NRIs. These are turning to India's premium real estate as a secure asset class in the face of global uncertainties and a surging U.S. dollar. Buyers are valuing homes with value-added amenities, long-term appreciation, and high-quality construction.

The spectacular growth in luxury residential, both demand and supply, is indicative of a structural change in homebuyers' preference," said CBRE India's Managing Director of Capital Markets and Land, Gaurav Kumar. "India's residential market, including prime markets such as Pune Realty, has moved into an era of strategic resilience, driven by robust macro fundamentals and increased emphasis on lifestyle, transparency, and quality.

During H1 2025, the report states that an estimated 132,000 units were sold and 138,000 new units were introduced in the top seven cities.

Almost 132,000 units were sold in the top seven cities during H1 2025, while 138,000 new units entered the market, as per the study.