New Delhi, 11 July (IANS). The luxury housing segment in India recorded an annual growth in sales in the first six months of this year, with about 7,000 units sold in the top seven cities. This information was given in a report on Friday.
According to the report of India’s Leading Real Estate Consulting firm CBRE South Asia Private Limited and Top Professional Chamber Assocham, during the January-June period, Delhi-NCR was at the forefront of sales with a 4,000 luxury unit, which was 57 percent of the share, which recorded three times compared to the previous year.
There was a sale of 1,240 luxury units in Mumbai, which is 18 percent of the total luxury sales during the first half of 2025 and recorded a 29 percent increase during this period.
In addition, markets such as traditionally recorded 5 percent of the total luxury sales during the first half of 2025 recorded middle-tier dominated Chennai and Pune.
This year, 7,300 luxury units were also launched during the January-June period, which records 30 percent annual growth.
Gaurav Kumar, Capital Market and Land Managing Director of CBRE India, said, “India’s residential market has entered the strategic strength. Macroeconomic fundamentals remain strong, but the growth of luxury and premium houses indicates the increasing trust and lifestyle aspirations of consumers.”
The focus of the developers is focused on quality, transparency and experience, which are important to speed up the next wave of development in the region.
Kumar said, “The increase in luxury houses in both demand and supply shows structural changes in home buyers and confirms India’s position as a highly-affected market for global and domestic investors.”
India’s luxury housing market is rapidly attracting HNWI, UHNWI and NRIs, due to the need to protect its assets and to benefit from strengthening US dollars amidst global uncertainties.
The report also suggests that the total housing sales in the top seven cities will remain strong by 2025, where 1,32,000 units sold and 1,38,000 new units were launched, a sign of a balanced market.
Assocham General Secretary Manish Singhal said, “This report is an important roadmap for stakeholders in India’s housing scenario. With policy changes, the housing sector boom emphasizes the need for reforms that make the sanctions easier, define affordable housing in urban India and encourage the Sustainable Development in Urban India.”
-IANS
SKT/
