Delhi-NCR sees 3-fold jump in luxury homes sales in H1 to 3,960 units: Assocham-CBRE

New Delhi, Jul 11 (PTI) Delhi-NCR has witnessed sales of 3,960 luxury homes, each costing Rs 6 crore and above, during the 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.

In Mumbai and Delhi-NCR, the consultant has considered homes costing Rs 6 crore and above as the 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 homes is taken as luxury.

The report was released on Friday at a real estate conference organised by Assocham and CBRE.

Gaurav Kumar, MD - Capital Markets and Land at 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 developers are focusing on quality, transparency, and experience, which are key to unlocking the sector's next wave of growth.

"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.

As per the data, the sales of luxury homes in Mumbai rose to 1,240 units in January-June 2025 from 950 units in the year-ago period.

Luxury home sales in Bengaluru jumped to 200 units from 80 units. In Kolkata, the sales more than doubled to 190 units from 70 units.

In Chennai, sales increased more than three times to 220 units from 65 units.

However, luxury home sales in Hyderabad fell to 1,025 units from 1,140 units.

In Pune, sales dipped to 120 units from 160 units.

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.

Suraksha Group has acquired Jaypee Infratech through insolvency, and it has promised to complete stalled housing projects comprising about 20,000 units. PTI MJH MJH SHW SHW