India's Luxury Housing Market Booms: 18% Surge in Sales Value Reported
CREDAI-MCHI, the leading association of real estate developers, reveals a significant 18% increase in the sales value of luxury homes in India's top metropolitan cities during H1 FY2025.
Luxury HousingReal EstateIndiaCredaimchiSales GrowthReal Estate MumbaiNov 26, 2024
The report indicates that despite a 3% decline in the total number of units sold, the average ticket size of homes has risen sharply. The total sales value across the top seven metropolitan cities surged to Rs 279,309 crore, up from Rs 235,800 crore in the same period of FY2024. The average price of homes increased to Rs 1.23 crore in H1 FY2025, compared to Rs 1 crore in H1 FY2024, signaling a strong shift towards premium properties.
Keval Valambhia, Chief Operating Officer of CREDAI-MCHI, commented, “The growth trajectory of India’s luxury housing market is a clear indication of its resilience and adaptability. Buyers are increasingly drawn to premium properties that offer superior lifestyle experiences and solid investment value. At CREDAI-MCHI, our focus remains on fostering an environment that supports this growth, ensuring a balance between innovation, quality, and sustainability in urban real estate development.”
Key Highlights of the Report
- Total Sales Value The sales value across the top seven cities jumped by 18%, reaching Rs 279,309 crore in H1 FY2025.
- Average Ticket Size The average price of homes increased to Rs 1.23 crore, a significant rise from Rs 1 crore in H1 FY2024.
City-Wise Performance
- NCR (National Capital Region) NCR emerged as the leader, with the average ticket size growing by 56% to Rs 1.45 crore and sales value rising by 55% to Rs 46,611 crore.
- MMR (Mumbai Metropolitan Region) MMR maintained consistency, with an average ticket size of Rs 1.47 crore and sales value increasing by 2% to Rs 114,529 crore.
- Bengaluru The city showcased robust growth, with the average ticket size rising by 44% to Rs 1.21 crore and sales value increasing by 44% to Rs 37,863 crore.
- Hyderabad The average ticket size grew by 37% to Rs 1.15 crore, and sales value increased by 28% to Rs 31,993 crore.
- Chennai The average ticket size increased by 31% to Rs 95 lakh, and sales value rose by 20% to Rs 9,015 crore.
- Pune The market for affordable luxury grew strongly, with the average ticket size rising by 29% to Rs 85 lakh and sales value jumping by 19% to Rs 34,033 crore.
- Kolkata The city experienced moderate growth, with the average ticket size increasing by 16% to Rs 61 lakh.
Across the board, buyers are increasingly opting for larger, well-equipped homes in prime locations, reflecting a shift towards premium living. The consistent rise in sales value, even in cities with a modest decline in unit sales, underscores the resilient demand for high-end properties.
Cities like NCR and Bengaluru have particularly stood out with significant growth in high-value property transactions, indicating their strong appeal among affluent buyers. The report suggests that with rising disposable incomes and a growing preference for premium housing, the luxury real estate segment is poised for sustained growth.
To meet this demand, developers are urged to innovate by focusing on sustainability, world-class amenities, and design excellence. The findings of this report reaffirm CREDAI-MCHI’s role in shaping the future of India’s urban housing landscape, fostering informed decision-making among stakeholders, and driving the real estate sector towards unprecedented heights.
About CREDAI-MCHI
CREDAI-MCHI is the leading national association of real estate developers in India. It is committed to promoting best practices, innovation, and sustainability in the real estate sector. The association plays a crucial role in advocating for policies that support the growth and development of the urban housing market.
Frequently Asked Questions
What is the percentage increase in sales value for luxury homes in India?
The sales value for luxury homes in India increased by 18% during H1 FY2025.
Which cities saw the highest growth in the luxury housing market?
NCR and Bengaluru saw the highest growth, with NCR leading the pack in terms of both average ticket size and sales value increase.
What is the average price of homes in the luxury segment during H1 FY2025?
The average price of homes in the luxury segment rose to Rs 1.23 crore during H1 FY2025.
What factors are driving the growth in the luxury housing market?
Rising disposable incomes and a growing preference for premium properties that offer enhanced lifestyle experiences and investment value are the key factors driving the growth.
How is CREDAI-MCHI supporting the growth of the luxury housing market?
CREDAI-MCHI is fostering an environment that supports growth by ensuring a balance between innovation, quality, and sustainability in urban real estate development.
Related News Articles
JM Financial Group Diversifies into Real Estate Funding
JM Financial Group is venturing into funding real estate projects through alternative investment funds and syndications, marking a shift in its investment strategy.
India's Real Estate Boom: Emerging as Asia's Next Big Hub
India's top 100 real estate companies have witnessed significant growth, with a total valuation of Rs 14.2 trillion, indicating the country's potential to become the real estate capital of Asia.
Budget 2024: Pune's Education, Real Estate, and Business Sectors React
Pune, 23rd July 2024: Union Finance Minister Nirmala Sitharaman presented the Budget 2024 today, with reactions pouring in from Pune's education, real estate, hospital, and business communities.
Investment Trends: Discover How Gen Z is Shaping the Financial Landscape
Explore the unique investment strategies and preferences of Generation Z as they dive into stocks, mutual funds, and gold. From digital platforms to sustainable investments, Gen Z is redefining the way we think about personal finance.
Mumbai's Property Market Reaches 13-Year High in 2024 with Over 1.41 Lakh Registrations
Despite modest growth in property registrations, Mumbai’s real estate market has set a new 13-year high, generating Rs 12,161 crore in revenue. The demand for premium and spacious homes continues to rise, driven by improved infrastructure and economic gro
Budget 2025: Understanding the SWAMIH Fund 2 Scheme and Its Benefits for Middle-Class Families
The SWAMIH Fund 2 scheme aims to revitalize the real estate sector and support overall housing market stability. It is designed to benefit middle-class families by addressing key issues in the housing sector.