Luxury Housing Sales Surge 28% in Top Indian Cities in Q1 2025; Chennai Records 132% Jump

India’s high-end housing sector recorded a robust performance in Q1 2025 with sales increasing close to 28% year-on-year in the top seven cities, CBRE South Asia reported in its latest report. A total of 1,930 units in the luxury segment units priced at ₹4 crore and higher were sold between January and March, up from 1,510 units in Q1 2024.

Delhi-NCR topped the segment with almost half of all luxury housing sales with about 950 units transacted. Mumbai followed with a 23% share, while Bengaluru saw sales leap from just 20 units last year to approximately 190 units this quarter. Chennai stood out with a staggering 132% year-on-year rise, recording 95 luxury units sold versus 41 a year ago. Adyar, Anna Nagar, and Kilpauk were among the top-performing localities, while upcoming metro lines are expected to drive demand in North and West Chennai.

Kolkata and Hyderabad each contributed around 5% of luxury sales

The growth is being attributed to rising disposable incomes, lifestyle upgrades, and growing interest in future-ready homes. “The alignment between supply and demand, especially in the mid-to-premium segments, signals a deep understanding of buyer aspirations,” said Anshuman Magazine, Chairman & CEO, CBRE – India, South-East Asia, Middle East & Africa.

Overall residential action was strong, with 65,300 new projects being launched and 65,800 selling in the top seven cities. Mumbai dominated overall housing sales with nearly 18,600 units, seconded by Pune (12,500) and Delhi-NCR (10,000). Bengaluru recorded 9,300 units sold.

The high-end segment (₹1.5 crores and above) spearheaded Q1 residential sales with a 27% share, a bare margin ahead of the mid-end segment at 25%. New supply too was cornered by high-end housing, which accounted for 30% of launches.

CBRE anticipates strong demand to persist, fueled by infrastructure improvements, increased incomes, and improved access to home loans. The recent repo rate reduction and the shrinking difference between EMIs and rents could further boost buying sentiment. Developers are also projected to maintain an aggressive launch pipeline through 2025, backed by significant land acquisitions made in 2023–24.