Summary:

In Q1 2025, India’s luxury housing market experienced a 28% year-on-year increase in high-end home sales (priced above ₹4 crore), reaching 1,930 units. Delhi-NCR led with 49% of these sales, followed by Mumbai at 23%, while Bengaluru saw a notable rise from 20 to 190 units. This growth was driven by strong demand, positive buyer sentiment, and the RBI’s recent repo rate cut, which improved affordability.

According to CBRE, India’s residential market displayed maturity in the first quarter, with 65,800 units sold and 65,300 launched. Mumbai led in sales, followed by Pune, Delhi-NCR, and Bengaluru. High-end homes accounted for 27% of total sales, while luxury properties made up 30% of new supply. Developers are optimistic about continued successful launches through 2025. Premium villa plots priced above ₹5 crore remain in high demand among CXOs, NRIs, and affluent buyers, supported by favorable economic conditions.

Source: IBEF

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