India's luxury housing market saw an 18% increase in total sales value, reaching INR 279,309 crore in H1 FY2025, according to CREDAI-MCHI. Despite a 3% decline in total units sold, the average price of homes rose to INR 1.23 crore, reflecting a growing preference for premium properties. NCR led with a 55% sales value increase, while Bengaluru and Hyderabad showed robust growth. Rising disposable incomes and a shift toward premium living are driving demand for spacious, well-equipped homes, positioning the luxury real estate segment for sustained growth.
The Indian luxury housing market continues its upward trajectory, with CREDAI-MCHI's latest report revealing an 18% increase in total sales value across the top seven metropolitan cities during H1 FY2025 (April-September 2024). The total sales value rose to INR 279,309 crore, compared to INR 235,800 crore during the same period in FY2024, reflecting a growing preference for premium homes despite a 3% decline in total units sold. The average price of homes climbed significantly, reaching INR 1.23 crore, up from INR 1 crore in H1 FY2024.
Keval Valambhia, Chief Operating Officer of CREDAI-MCHI, remarked that the growth trajectory of India's luxury housing market showcases its resilience and adaptability. He noted that buyers are increasingly drawn to premium properties, which provide improved lifestyle experiences and solid investment potential.
City-wise performance highlighted NCR as a standout performer, with the average ticket size increasing by 56% to INR 1.45 crore and sales value soaring by 55% to INR 46,611 crore. The Mumbai Metropolitan Region (MMR) remained a consistent leader, with its average ticket size at INR 1.47 crore and a 2% rise in sales value to INR 114,529 crore. Bengaluru saw exceptional growth, with a 44% rise in both average ticket size (INR 1.21 crore) and sales value (INR 37,863 crore).
Hyderabad followed closely, recording a 37% increase in average ticket size to INR 1.15 crore and a 28% growth in sales value to INR 31,993 crore. Chennai saw its average ticket size rise by 31% to INR 95 lakh, with sales value increasing by 20% to INR 9,015 crore. Pune demonstrated strong momentum in the affordable luxury segment, with its average ticket size climbing 29% to INR 85 lakh and sales value rising by 19% to INR 34,033 crore. Kolkata experienced moderate growth, with the average ticket size up by 16% to INR 61 lakh.
The report highlights a growing preference for spacious, well-equipped homes in prime locations, with affluent buyers driving demand for high-value properties. Rising disposable incomes and a focus on lifestyle upgrades are fueling the luxury segment's growth. Developers are encouraged to innovate, incorporating sustainability, cutting-edge amenities, and design excellence to meet evolving buyer expectations.
This trend underscores the resilience of India's premium real estate market, setting the stage for sustained growth in the coming years.
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