Delhi-NCR Luxury Home Sales Surge 209% in H1 2025

Delhi-NCR witnessed a 209% increase in luxury home sales in H1 2025, with 3,960 units priced above ₹6 crore sold. This surge is attributed to rising disposable income, desire for larger homes, developer confidence, stable interest rates, and policy evolution. Mumbai, Bengaluru, Chennai, and Kolkata also saw significant growth, while Hyderabad and Pune experienced slight drops in luxury home sales. Total sales in the top seven cities rose to 6,950 units from 3,750 units in the same period last year.

Luxury home sales in India's top seven cities—Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, and Chennai—experienced an impressive 85% year-on-year (YoY) increase in the first half of 2025, according to a joint report by CBRE South Asia and ASSOCHAM [1][2].

Delhi-NCR led the luxury market with a staggering 57% of total sales, contributing approximately 4,000 units. This represents a threefold growth compared to the same period last year. Mumbai followed with around 1,240 units sold, marking a 29% YoY increase. Mid-end dominated cities like Pune and Chennai also contributed nearly 5% to overall luxury sales, signaling a broadening interest in high-end properties beyond traditional luxury hubs [1][2].

The report also noted that around 7,300 luxury units were launched in H1 2025, reflecting a 30% YoY growth. Delhi-NCR, Mumbai, and Hyderabad collectively accounted for over 90% of these new launches, indicating a concentrated yet aggressive push by developers in key urban markets [1][2].

Industry experts attributed the sales rise to several factors, including rising aspirations, developer confidence, stable interest rates, and policy evolution. Rising disposable income and the desire for larger homes also contributed to the surge in luxury home sales [3].

Delhi-NCR witnessed a particularly significant increase in luxury home sales, with a 209% increase in units priced above ₹6 crore sold. This surge was driven by factors such as rising disposable income, the desire for larger homes, developer confidence, stable interest rates, and policy evolution [3].

While Mumbai, Bengaluru, Chennai, and Kolkata also saw significant growth, Hyderabad and Pune experienced slight drops in luxury home sales. Total sales in the top seven cities rose to 6,950 units from 3,750 units in the same period last year [1][2][3].

The report underscores a growing appetite for luxury homes, particularly among high net worth individuals (HNIs), ultra-high net worth individuals (UHNWIs), and non-resident Indians (NRIs) looking to safeguard assets amid global uncertainty and benefit from a stronger dollar. The overall residential market remained robust, with about 132,000 units sold and 138,000 new units launched across the top seven cities [1][2].

Industry experts emphasized the need for policy reforms to further ease business operations, redefine affordable housing, and incentivize sustainable development. The Indian housing market appears well-positioned for sustained, inclusive, and high-quality growth in the coming quarters [1][2].

References:
[1] https://www.business-standard.com/industry/news/hni-nri-demand-luxury-housing-sales-grow-85-percent-h1-2025-125071100881_1.html
[2] https://www.news18.com/business/real-estate/luxury-housing-sales-surge-85-in-january-june-2025-delhi-ncr-leads-cbre-assocham-report-9434431.html
[3] https://www.business-standard.com/finance/personal-finance/luxury-home-sales-up-85-in-7-cities-in-first-half-of-2025-report-125071100834_1.html