Luxury Housing Booms with 85% Sales Growth in H1 2025: CBRE-ASSOCHAM Report

Luxury housing in India soared ahead in sales during H1 2025 with an impressive 85% year-on-year growth in sales numbers, as per the joint report by CBRE South Asia and ASSOCHAM titled “The New Paradigm in Indian Housing.” The report was unveiled at the CBRE-ASSOCHAM Real Estate Conference 2025, aimed at unlocking sustainable growth in the sector.

Between January to June 2025, nearly 7,000 luxury units were sold across the top seven cities in India. Delhi-NCR was the top scorer with 4,000 sold—57% of total sales, marking a threefold increase for this period as compared to last year. Mumbai comes second with 1,240 (18% share), whereas traditionally, there lie mid-segment markets such as Pune and Chennai, accounting collectively for around 5%.

The previous announcement was 7,300 new luxury homes that were launched during that same timeframe. Though that number rose from previous years by 30% YoY. About 90% of those launches were happening in Delhi-NCR, Mumbai and Hyderabad, which speaks of this aggressive bet developers are making on high-end housing.

The report captures increasing demand from HNWIs, UHNWIs, and NRIs spurred by global uncertainty, investment appetite, and a stronger U.S. dollar. Meanwhile, overall residential sales in the top seven cities stood strong with 1.32 lakh units sold and 1.38 lakh units launched in H1 2025, indicating a well-balanced market.

CBRE’s Gaurav Kumar emphasized a “structural shift” in homebuyer preferences, noting rising confidence in premium living. “The remarkable rise in luxury housing reflects consumer aspirations and a repositioning of India as a prime investment market,” he said.

ASSOCHAM’s Manish Singhal called for faster reforms to further propel housing growth—such as single-window clearance systems, redefinition of affordable housing, and incentives for sustainable construction.

Looking ahead, the report points to growing demand for premium homes priced in the ₹1-2 crore range, increased formalisation of rental housing, and rising disposable incomes. Tier-I developers are expected to maintain dominance, while sustainability is fast becoming a norm across segments.