The luxury housing segment in India recorded an 85% YoY growth in sales in Jan-Jun’25, with around 7,000 units across the top seven cities, including Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, and Chennai, according to a CBRE-ASSOCHAM report.

During the Jan-Jun ’25 period, Delhi-NCR led in sales with 4,000 luxury units, accounting for a 57% share and recording a threefold growth compared to the corresponding period in the previous year, the report titled ‘‘Real Estate Conference 2025 – Ease of Doing Business: Unlocking Sustainable Growth’’ said. 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. Traditionally, mid-end dominated markets such as Chennai and Pune cumulatively recorded 5% of the overall luxury sales during H1 2025.

A total of 7,300 luxury unit launches were seen in H1 FY25, recording a 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 amid global uncertainties and benefit 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.

While macro fundamentals remain strong, the standout growth of luxury and premium housing indicates rising consumer confidence and lifestyle aspirations, says Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India. “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 it positions India as a high-potential market for global and domestic investors alike, adds Kumar. However, the industry feels the need for urgent reforms, specifically in the areas of approvals, affordable housing, and sustainability.

“The housing boom, coupled with policy evolution, highlights the need for reforms that ease approvals, redefine affordable housing in urban India, and incentivise sustainable development,” says Manish Singhal, Secretary General, ASSOCHAM.

He adds that housing is no longer just shelter; it's an engine for inclusive growth. “The report also captures the sector’s evolving dynamics from rising home loan disbursements to the surge in mid-to-high-end housing and formalisation of rental housing. These insights provide a comprehensive view of the opportunities and priorities that lie ahead for the Indian real estate ecosystem.”

To unlock sustainable growth in housing, the report calls for streamlining liaising and approvals, redefining affordable housing across Tier-I cities, improving construction and project execution, and expanding PMAY benefits and interest subvention schemes for first-time buyers.

CBRE is the world’s largest commercial real estate services and investment firm, which serves a diverse range of clients, with integrated services, including facilities, transaction and project management, and property management, among others. The Associated Chambers of Commerce & Industry of India (ASSOCHAM) is the country’s apex national chamber that advocates actionable policy suggestions to strengthen the economy by leveraging its extensive membership of 4,50,000 companies.