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Business Standard
14-07-2025
- Business
- Business Standard
Delhi-NCR luxury home sales soar 209% in H1 2025, all flats above ₹6 cr
If you've been watching the real estate space for signals on where India's wealth is heading, here's a telling one: Delhi-NCR recorded a 209.4% spike in luxury home sales in the last one year—3,960 homes priced at ₹6 crore and above were sold in just the first half of 2025, up over three times from 1,280 units last year, according to a new CBRE-Assocham report. What's driving this luxury housing surge? Here are the key factors at play: Rising disposable income: Aided by accommodative monetary policy and rising incomes in the salaried and entrepreneurial class. Desire for larger, well-located homes: Post-pandemic lifestyle upgrades are here to stay—homebuyers now prioritise space, amenities, and prime locations. Developer confidence and quality: Developers are focusing more on transparency, experience, and high-end finishes—boosting buyer trust. Stable interest rates: RBI's pause on rate hikes has made home loans relatively more attractive, even in the luxury segment. 'The standout growth of luxury and premium housing indicates rising consumer confidence and lifestyle aspirations,' said Gaurav Kumar, MD - Capital Markets and Land at CBRE India. Where are the big jumps happening? Delhi-NCR: 3,960 units sold in Jan–June 2025 vs 1,280 a year ago Mumbai: 1,240 units sold vs 950 Bengaluru: 200 units sold vs 80 Chennai & Kolkata: Both saw more than 2.5x growth Hyderabad & Pune: Bucked the trend with slight drops "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," Manish Singhal, Secretary General, ASSOCHAM, said. Total sales in the top seven cities rose to 6,950 units in January-June 2025 from 3,750 units in the corresponding period of the preceding year. Commenting on the data, Jash Panchamia, Executive Director at Jaypee Infratech Ltd, said, "The sharp surge in demand for premium residential properties during the first half stands as a clear testament to the fact that the appetite of homebuyers continues to remain robust and resilient across the leading real estate micro-markets in the country." The various reform measures announced in the Union Budget and the RBI's accommodative monetary policy stance have played a pivotal role in enhancing the overall disposable income levels of the average household, he added.
Hindustan Times
11-07-2025
- Business
- Hindustan Times
Luxury housing sales surge 85% in H1 2025, Delhi-NCR leads: CBRE-ASSOCHAM report
India's luxury housing segment witnessed an 85% year-on-year (YoY) growth in the first half of 2025, with nearly 7,000 high-end residential units sold across the top seven cities, according to a joint report by CBRE South Asia Pvt. Ltd. and ASSOCHAM. India's luxury housing segment witnessed an 85% year-on-year (YoY) growth in the first half of 2025, with nearly 7,000 high-end residential units sold across the top seven cities. (Representational photo)(Pixabay) Titled 'The New Paradigm in Indian Housing', the report was launched at the CBRE-ASSOCHAM Real Estate Conference 2025, held under the theme Ease of Doing Business: Unlocking Sustainable Growth. The top seven cities are Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, and Chennai. Also Read: Luxury housing sales, priced at ₹4 crore and above, increase by 53% in 2024 across the top seven cities Delhi-NCR dominates with over half of all luxury sales Leading the luxury surge, Delhi-NCR clocked sales of approximately 4,000 luxury units during January–June 2025, contributing 57% share to the total luxury segment. The region also recorded a threefold increase in sales compared to the same period last year, the report said. Mumbai followed with 1,240 units sold, an 18% share, marking a 29% YoY growth. "Traditionally mid-segment dominated markets like Pune and Chennai made their presence felt, jointly contributing around 5% of the luxury housing sales in H1 2025," the report said. Between January and June, 7,300 luxury units launched The report said that in H1 2025, over 7,300 luxury units were launched, reflecting a 30% YoY increase. Delhi-NCR, Mumbai, and Hyderabad accounted for over 90% of these new launches, underscoring their continued dominance in the high-end housing market. "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. Housing is no longer just shelter, it's an engine for inclusive growth," Manish Singhal, secretary general of ASSOCHAM, said. Also Read: Bengaluru techies on home buying: Purchase a flat to live, not show; think Android, not Rolex What's leading the luxury home sale surge? The report said that the surge in luxury housing is being driven by high-net-worth individuals (HNIs), ultra-HNWIs, and non-resident Indians (NRIs). These groups are increasingly turning to premium real estate in India as a stable asset class amidst global uncertainties and a strong U.S. Dollar. Buyers are prioritising homes with exclusive amenities, long-term value, and superior construction quality. 'The remarkable rise in luxury housing, both in demand and supply, reflects a structural shift in homebuyer preferences,' said Gaurav Kumar, managing director of Capital Markets and Land, CBRE India. 'India's residential market has entered a phase of strategic resilience, supported by strong macro fundamentals and a growing focus on lifestyle, transparency, and quality.' According to the report, around 132,000 units were sold and 138,000 new units were launched across the top seven cities in H1 2025.
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Business Standard
11-07-2025
- Business
- Business Standard
Luxury home sales up 85% in 7 cities in first half of 2025: Report
As many as 7,000 luxury homes, priced Rs 4 crore to Rs 6 crore, were sold in India's top seven cities between January and June, marking an 85 per cent annual increase, said a report on Friday. Delhi-NCR (National Capital Region) clocked 57 per cent of the sales, thereby becoming the market leader, according to the report jointly released by CBRE South Asia, a US-based commercial real estate services and investment firm, and Indian business chamber ASSOCHAM. As many as 4,000 luxury homes were sold in Delhi-NCR, marking a threefold increase from the previous year. Mumbai was next by clocking sales of 1,240 units, comprising 18 per cent of the total and growing 29 per cent from the previous year. Industry experts attributed the sales rise to several factors. Rising aspiration: 'India's residential market has entered a phase of strategic resilience. The standout growth of luxury and premium housing indicates rising consumer confidence and lifestyle aspirations,' said Gaurav Kumar, managing director, capital markets and land, CBRE India. Wealth preservation: High net worth individuals, ultra-HNIs and Non-Resident Indians are investing in luxury real estate to have assets that will be safe amid global uncertainties and a strong US dollar. The report said 7,300 luxury homes were launched in the first half of 2025, marking a 30 per cent increase. Delhi-NCR, Mumbai and Hyderabad accounted for over 90 per cent of these launches. 'The housing boom highlights the need for reforms that ease approvals and incentivise sustainable development. Housing is no longer just shelter; it's an engine for inclusive growth,' said Manish Singhal, secretary general of ASSOCHAM. With increasing urbanisation accelerating and disposable incomes on the rise, experts expect the luxury housing segment to remain on a strong growth trajectory.
Time of India
11-07-2025
- Business
- Time of India
Luxury home sales in NCR jump 3-fold in H1 to 3,960 units: CBRE-Assocham report
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo 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. Live Events 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."
Hans India
07-07-2025
- Business
- Hans India
AI, IoT to drive India as a global leader in food processing: Report
New Delhi: The food processing sector in India gearing up for a sustainable future driven by technology and digital innovation, positioning the country as a global leader, according to a report on Monday. The joint knowledge report by ASSOCHAM-PwC, launched at the Food Tech conference organised by ASSOCHAM, showed that the technologies associated with Industry 4.0 -- including artificial intelligence (AI), the Internet of things (IoT), blockchain, robotics, and automation -- are fundamentally transforming how food is processed, stored, and transported. These innovations are improving operational efficiency, food safety, quality control, and supply chain transparency. With the global food robotics market projected to reach $6.08 billion by 2032, the report noted that India has a significant opportunity to harness these technologies, especially as it addresses critical challenges like post-harvest losses, which cost the country an estimated Rs 1.53 trillion annually. 'India's journey towards becoming a developed and self-reliant economy -- Viksit Bharat -- is being closely shaped by the transformation of its food processing ecosystem,' said Manish Singhal (Secretary General, ASSOCHAM). 'The vision of a proactive and sustained effort is regarded to be highly relevant to the evolving landscape of India's food processing sector -- an industry recognised both as a key economic driver and a vital link between agriculture and the nation's nutritional needs,' he added. The report also outlined the hurdles faced by the industry. This includes supply chain traceability, limited processing coverage, environmental concerns, and lack of skilled manpower. Further, it draws attention to food wastage and foodborne illnesses, which cost $936 billion and $110 billion respectively each year. It called for enhanced compliance and safety protocols powered by digital tools to mitigate these losses and ensure better food security for all. Meanwhile, the report also highlighted the initiatives launched by the government such as the Pradhan Mantri Kisan Sampada Yojana (PMKSY) and Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) -- which aim to strengthen the food processing ecosystem, reduce wastage and formalise the sector. 'Dialogue on emerging food processing technologies is essential to foster stakeholder collaboration for stimulating its large-scale adoption. The food processing sector in India holds tremendous potential, especially with increasing global interest and exports,' said Shashi Kant Singh, Partner - Agriculture and Food Sector, PwC India. Changing consumer preferences are also shaping the future of the industry, showed the report highlighting a growing demand for sustainable packaging, plant-based proteins, and clean-label products -- trends that reflect rising awareness about health and environmental impact. It called for a combined effort involving policymakers, industry leaders, academia, and startups -- supported by modern infrastructure and an enabling policy environment -- to unlock the sector's full potential.
