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Delhi-NCR witnessed a substantial surge in luxury housing transactions, recording sales of 3,960 homes priced at INR 6 crore and above during the first half of 2025, marking a threefold increase compared to the same period last year. A CBRE-Assocham report highlighted a broader 85% year-on-year rise in high-end residential sales across India's top seven cities, with nearly 7,000 units sold. Mumbai and Delhi-NCR remained the frontrunners, with noteworthy contributions also from Bengaluru, Chennai, and Kolkata, despite minor dips in Hyderabad and Pune.
Luxury housing sales in Delhi-NCR reached 3,960 units during the first half of 2025, reflecting a more than threefold rise compared to 1,280 units sold during the same period last year, according to a report jointly released by CBRE and Assocham. The surge positioned the region as the leader in India's luxury residential segment. Advertisement
The report outlined that approximately 7,000 luxury homes were sold across the top seven Indian cities between January and June 2025, registering an 85% year-on-year increase. The classification of luxury homes varies by region: properties priced at INR 6 crore and above are categorised as luxury in Delhi-NCR and Mumbai; INR 5 crore and above in Bengaluru and Hyderabad; and INR 4 crore and above in Chennai, Pune, and Kolkata.
The data was shared during a real estate conference hosted by CBRE and Assocham. Gaurav Kumar, Managing Director of Capital Markets and Land at CBRE India, stated that India's residential market had entered a phase of strategic resilience. He emphasised that the rise in luxury and premium housing pointed to growing consumer confidence and evolving lifestyle expectations. Kumar observed that developers were now placing greater focus on transparency, quality, and user experience-elements that could define the next phase of real estate development.
Manish Singhal, Secretary General of Assocham, remarked that the current housing boom and concurrent policy developments indicated the need for reforms to streamline approval processes, revise affordable housing definitions in urban areas, and encourage sustainable development.
Breaking down the sales data, Mumbai followed Delhi-NCR closely with 1,240 luxury units sold in the first half of 2025, up from 950 in the same period last year. Bengaluru also saw significant growth, with sales climbing to 200 units from 80. Kolkata recorded 190 luxury home transactions, more than double the previous figure of 70. Chennai's sales jumped to 220 units from 65, while Hyderabad saw a decline, slipping to 1,025 from 1,140 units. Pune also reported a slight decrease, with sales falling to 120 units from 160.
Across the top seven Indian cities, total luxury home sales stood at 6,950 units for the period under review, compared to 3,750 units a year earlier.
Jash Panchamia, Executive Director at Jaypee Infratech Ltd, remarked that the spike in demand during the first half was indicative of a strong and sustained appetite for premium homes across India's major micro-markets. He attributed the trend to reforms introduced in the Union Budget and the Reserve Bank of India's accommodative monetary policies, which had contributed to higher disposable incomes for middle- and upper-middle-income households.
Jaypee Infratech, now under the ownership of Suraksha Group following an insolvency resolution, has committed to completing approximately 20,000 stalled housing units as part of its recovery and redevelopment plan.
Rising disposable incomes, aspirational lifestyles, and a supportive policy framework have significantly bolstered high-end housing demand. While select markets like Hyderabad and Pune experienced a slowdown, the overall momentum suggests a shift in buyer preference towards premium living. Developers and policymakers now face the dual challenge of meeting this demand while also ensuring sustainable and inclusive urban growth.
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