Luxury Housing Sees 28% Growth in Q1 2025 Across India’s Key Cities
Real Estate

Luxury Housing Sees 28% Growth in Q1 2025 Across India’s Key Cities

India's luxury housing segment experienced strong growth in Q1 2025, with a 28 per cent year-on-year increase in sales across the top seven cities. This surge resulted in the sale of approximately 1,930 luxury units during the quarter.

Delhi-NCR led the market, contributing about 49 per cent of total luxury unit sales, a massive rise from 13 per cent in Q1 2024. Mumbai followed with a 23 per cent share, though this marked a slight dip from the previous year. Meanwhile, Bengaluru and Kolkata saw remarkable growth, with Bengaluru increasing its share from 1 per cent in Q1 2024 to 10 per cent in Q1 2025, and Kolkata rising from 1 per cent to 5 per cent. Chennai's luxury housing share also grew, from 3 per cent to 5 per cent. In contrast, Hyderabad's luxury market suffered a steep decline, dropping from 45 per cent to just 5 per cent. Pune's share also decreased, from 6 per cent to 3 per cent.

The strong performance of Delhi-NCR, which saw around 950 luxury units sold, was a standout. Mumbai's sales followed, with Bengaluru recording the highest growth in the southern region, going from 20 units in Q1 2024 to around 190 units in Q1 2025. Kolkata and Chennai each held 5 per cent of the market share.

In the broader residential market, Q1 2025 witnessed a balance between new launches and sales. Approximately 65,300 units were launched, and 65,800 units were sold. The high-end segment led the charge, representing 27 per cent of total sales, closely followed by the mid-end segment at 25 per cent. Mumbai, Pune, and Delhi-NCR together accounted for over 62 per cent of total residential sales, with Mumbai leading in unit sales at around 18,600, followed by Pune with 12,500 units.

With favourable market conditions, rising incomes, and strong infrastructure development, India's residential market is poised for continued growth in 2025. The Reserve Bank of India's upcoming monetary easing cycle is expected to further fuel market momentum, making homeownership more accessible for buyers across key regions.

India's luxury housing segment experienced strong growth in Q1 2025, with a 28 per cent year-on-year increase in sales across the top seven cities. This surge resulted in the sale of approximately 1,930 luxury units during the quarter. Delhi-NCR led the market, contributing about 49 per cent of total luxury unit sales, a massive rise from 13 per cent in Q1 2024. Mumbai followed with a 23 per cent share, though this marked a slight dip from the previous year. Meanwhile, Bengaluru and Kolkata saw remarkable growth, with Bengaluru increasing its share from 1 per cent in Q1 2024 to 10 per cent in Q1 2025, and Kolkata rising from 1 per cent to 5 per cent. Chennai's luxury housing share also grew, from 3 per cent to 5 per cent. In contrast, Hyderabad's luxury market suffered a steep decline, dropping from 45 per cent to just 5 per cent. Pune's share also decreased, from 6 per cent to 3 per cent. The strong performance of Delhi-NCR, which saw around 950 luxury units sold, was a standout. Mumbai's sales followed, with Bengaluru recording the highest growth in the southern region, going from 20 units in Q1 2024 to around 190 units in Q1 2025. Kolkata and Chennai each held 5 per cent of the market share. In the broader residential market, Q1 2025 witnessed a balance between new launches and sales. Approximately 65,300 units were launched, and 65,800 units were sold. The high-end segment led the charge, representing 27 per cent of total sales, closely followed by the mid-end segment at 25 per cent. Mumbai, Pune, and Delhi-NCR together accounted for over 62 per cent of total residential sales, with Mumbai leading in unit sales at around 18,600, followed by Pune with 12,500 units. With favourable market conditions, rising incomes, and strong infrastructure development, India's residential market is poised for continued growth in 2025. The Reserve Bank of India's upcoming monetary easing cycle is expected to further fuel market momentum, making homeownership more accessible for buyers across key regions.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?