Luxury home sales in NCR jump 3-fold in H1 to 3,960 units: CBRE-Assocham report

Time of India

11-07-2025

Delhi-NCR has witnessed sales of 3,960 luxury homes, each costing Rs 6 crore and above, during January-June period, an increase of more than three times on an annual basis, according to a CBRE and Assocham report.
There were 1,280 units sold in the year-ago period across Delhi-NCR.
"Luxury housing segment recorded an 85 per cent year-on-year growth in sales in January-June 2025 with approximately 7,000 units across the top seven cities," the report said.
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In Mumbai and Delhi-NCR, the consultant has considered homes costing Rs 6 crore and above as luxury segment.
In Bengaluru and Hyderabad, the luxury segment is Rs 5 crore and above while in Pune, Chennai and Kolkata Rs 4 crore and above worth home is taken as luxury.
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The report was released on Friday at a
real estate conference
organised by Assocham and CBRE.
Gaurav Kumar, Managing Director, Capital
Markets
and Land, CBRE India, said, "India's residential market has entered a phase of strategic resilience. While macroeconomic fundamentals remain strong, the standout growth of luxury and
premium
housing indicates rising consumer confidence and lifestyle aspirations."
He noted that developer are focusing on quality, transparency, and experience, which are key to unlocking the sector's next wave of growth.
Manish Singhal, Secretary General, ASSOCHAM, said, "The housing boom, coupled with policy evolution, highlights the need for reforms that ease approvals, redefine affordable housing in urban India, and incentivise sustainable development."