Delhi-NCR Records Highest Luxury Housing Sale Across Top 7 Cities in India

India’s luxury housing market witnessed robust growth in 2024, driven by a shift in buyer preferences toward premium properties developed by leading players, with Tier-I developers dominating the sector.

According to CBRE, the segment, defined by properties priced at Rs. 4 crore and above, registered a 53% year-on-year sales increase across the top seven cities. 

Delhi-NCR emerged as the top-performing market, recording the highest sales and new launches. Luxury housing sales in the region surged by an impressive 90% Y-o-Y. Mumbai followed, posting a 32% Y-o-Y rise, while Hyderabad also played a pivotal role in the market’s growth.

Collectively, Delhi-NCR, Mumbai, and Hyderabad accounted for over 90% of the luxury units sold. Pune saw notable traction, with 825 luxury units sold during the year. 

In total, luxury housing sales reached 19,700 units in 2024. The segment also witnessed a significant uptick in new launches, which rose by 52% Y-o-Y to 24,180 units. Delhi-NCR led in new luxury project launches, followed by Mumbai and Hyderabad. Chennai also experienced a marked increase in luxury housing supply compared to 2023. 

The trend toward premiumization reflects growing demand for high-end residences as affluent buyers seek superior quality and amenities. This shift is further bolstered by enhanced offerings from top developers, cementing luxury housing as a key driver of real estate growth in India’s major urban centers. 

With its remarkable performance, the luxury housing segment has solidified its status as a significant and expanding market within India’s broader real estate landscape.