- Surge in luxury home sales
- Delhi tops the list
- Revealed in ASSOCHAM report
The luxury housing market in India is steadily growing. In the first half of this year, luxury home sales surged by a massive 85%, driven by rising demand from high-net-worth individuals (HNIs) and NRIs, according to a recent report jointly published by ASSOCHAM and CBRE.
Across major cities in India, nearly 7,000 luxury homes were sold during this six-month period. Delhi topped the list with around 4,000 homes sold, accounting for 57% of the total luxury sales. This marks a threefold increase compared to the same period last year. Mumbai ranked second with 1,240 units sold, making up 18% of total sales, while recording a 29% year-on-year growth. Pune and Chennai each contributed a 5% share.
Between January and June, 7,300 luxury units were launched, reflecting a 30% annual growth. Delhi, Mumbai, and Hyderabad together accounted for over 90% of these new launches.
The report attributes the boom in luxury housing to HNIs, ultra-HNIs, and NRIs, along with global uncertainties and a stronger U.S. dollar. Buyers are prioritizing homes with exclusive amenities, long-term value, and superior construction quality.
"The significant growth in both demand and supply of luxury homes reflects a structural shift in homebuyer preferences," said Gaurav Kumar, Managing Director of Capital Markets & Land, CBRE India.
In the first half of 2025, around 132,000 units were sold across the seven major cities, while 138,000 new units were launched.
