Amidst robust residential sales, luxury housing continued its grand march, with Delhi-NCR, aided by Mumbai, driving sales to a new high during the first half of 2025.

According to a latest report by CBRE-Assocham, the luxury housing segment recorded an impressive 85% YoY growth in sales in Jan-Jun’25 with approximately 7,000 units across the top seven cities, including Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Hyderabad and Chennai.

During the Jan-Jun ’25 period, Delhi-NCR led in sales with 4,000 luxury units accounting for a 57% share, recording a threefold growth compared to the corresponding period in the previous year. Mumbai followed with sales of 1,240 luxury units (constituting 18% of the overall luxury sales during H1 2025), registering 29% YoY growth during the review period. Furthermore, traditionally mid-end dominated markets such as Chennai and Pune cumulatively recording 5% of the overall luxury sales during H1 2025.

This period also witnessed 7,300 luxury unit launches, recording 30% YoY increase. Delhi-NCR, Mumbai, and Hyderabad registered the highest number of launches, cumulatively accounting for over 90% of the total luxury unit launches in H1 2025.

India’s luxury housing market is increasingly attracting HNWIs (High Net Worth Individuals), UHNWIs, and NRIs, driven by the need to safeguard assets amidst global uncertainties and benefiting from a strengthening U.S. Dollar.The report also points out that overall housing sales across the top seven cities remained robust in Jan-Jun ’25, with 132,000 units sold and 138,000 new units launched, indicating a well-balanced market.

According to Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India residential market has entered a phase of strategic resilience. “While macroeconomic fundamentals remain strong, the standout growth of luxury and premium housing indicates rising consumer confidence and lifestyle aspirations. Developer focus has realigned toward quality, transparency, and experience, all of which are key to unlocking the sector’s next wave of growth. The remarkable rise in luxury housing, both in demand and supply, reflects a structural shift in homebuyer preferences and reaffirms India’s position as a high-potential market for global and domestic investors alike, he says.”

Going forward residential sales are likely to chart a steady course, driven by rapid urbanization, rising disposable incomes, monetary easing and strong affinity for home ownership amidst convergence of developer and buyer interest as the INR 1-2 crore sweet spot of mid-to -high-end housing gains prominence. In this landscape, the report forecasts a growing appetite for luxury housing, fuelled by HNIs, NRIs and upper-middle class, focus on premium quality, exclusive amenities and long-term

value.