India's luxury housing market soars: ₹279,309 crore in sales with 23% surge in average prices, reports CREDAI-MCHI

The data highlights a remarkable 18% increase in total sales value, which surged to ₹279,309 crore, compared to ₹235,800 crore in the same period of FY2024. Despite a modest 3% decline in total units sold, the average price of homes rose sharply to ₹1.23 crore in H1 FY2025, compared to ₹1 crore in H1 FY2024, underscoring the growing preference for premium homes.

Speaking on the findings, Keval Valambhia, Chief Operating Officer, CREDAI-MCHI, stated, "The growth trajectory of India’s luxury housing market is a testament to its resilience and adaptability. Buyers are increasingly gravitating towards premium properties that offer enhanced lifestyle experiences and robust investment value. At CREDAI-MCHI, we remain committed to fostering an environment that supports this growth, ensuring a balance between innovation, quality, and sustainability in urban real estate development."

Key Highlights from the Report

The total sales value across the top seven cities surged by 18%, reaching ₹279,309 crore in H1 FY2025, reflecting increased demand for luxury housing. The average ticket size rose to ₹1.23 crore, marking a significant jump from ₹1 crore in H1 FY2024.

In city-wise performance, NCR emerged as a leader, with the average ticket size growing by an impressive 56% to ₹1.45 crore and sales value rising by 55% to ₹46,611 crore. MMR demonstrated its consistency, with an average ticket size stable at ₹1.47 crore and sales value increasing by 2% to ₹114,529 crore. Bengaluru showcased robust growth, with the average ticket size rising by 44% to ₹1.21 crore and sales value increasing by 44% to ₹37,863 crore.

Hyderabad followed suit, with its average ticket size growing by 37% to ₹1.15 crore and sales value increasing by 28% to ₹31,993 crore. Chennai saw a 31% increase in the average ticket size to ₹95 lakh, with sales value rising by 20% to ₹9,015 crore. Pune’s market reflected strong growth in the affordable luxury segment, as its average ticket size rose by 29% to ₹85 lakh and sales value jumped by 19% to ₹34,033 crore. Kolkata experienced moderate growth, with the average ticket size increasing by 16% to ₹61 lakh.

Across the board, buyers are prioritizing larger, well-equipped homes in prime locations, signaling a shift towards premium living. The consistent rise in sales value across cities underscores resilient demand for high-end properties, even in regions where unit sales saw a modest decline. Cities like NCR and Bengaluru stood out with significant growth in high-value property transactions, reflecting their appeal among affluent buyers.

With rising disposable incomes and a growing inclination towards premium housing, the luxury real estate segment is poised for sustained growth. Developers are urged to innovate, focusing on sustainability, world-class amenities, and design excellence to meet the evolving needs of buyers.

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 an apex body comprising members from the Real Estate Industry in the Mumbai Metropolitan Region (MMR). With an impressive membership of over 1800+ leading developers in MMR, CREDAI-MCHI has extended its reach throughout the region, establishing units in various locations such as Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shahapur-Murbad, and most recently in Alibag, Karjat-Khalapur-Khopoli, and Pen. Being the only Government-recognized body for private sector developers in MMR, CREDAI-MCHI is dedicated to promoting the industry’s organization and progress. 

As a part of CREDAI National, an apex body of 13000 developers across the nation, CREDAI-MCHI has emerged as a preferred platform for regional discussions on housing and habitat by establishing close and strong ties with the government. It is committed to breaking barriers to create a strong, organized, and progressive real estate sector in the MMR.The vision of CREDAI-MCHI is to empower the Real Estate fraternity of the Mumbai Metropolitan Region as it preserves, protects, and advances the right to housing for all. To continue being a trusted ally, guiding their members, supporting the Government on policy advocacy, and assisting those they serve through the ever-evolving real estate fraternity.

Website: https://mchi.net/ 

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