Reference to Fortune India.The luxury real-estate market in India has exhibited a strong upward trend in the last three years, recording significantly better gains in terms of growth in prices as compared to other categories of real-estate residential markets. According to a recent ANAROCK report, the prices of luxury homes in the top seven cities have increased by 40 percent since 2022, with the Delhi-NCR city coming out as the most successful.

Delhi-NCR is on the forefront of growth of the Luxury Housing in India.

The report documents a staggering 72 percent price increment in Delhi-NCR luxury segment which is way high than any other market. In 2022, prices had soared to 13,450 per square foot, and they were 23, 100 per square foot in 2025, with the strong demand by high-net worth people, limited prime supply and increased interest in branded developments.

ANAROCK Chairman Anuj Puri noticed that the luxury homes in the largest cities in 2022 cost 14,530 per square foot on average, which has since increased to 20,300 per square foot. This growth highlights a long-term demand of high-end homes despite the changing market trends.

MMR and Bengaluru Maintain a Strong Momentum.

Delhi -NCR led the pack in the surge, but MMR and Bengaluru also achieved significant returns.

MMR grew by 43 per cent and the average prices in the 1.5 crore category have risen by 28,044 per square feet to 40,200 per square foot.

The city of Bengaluru followed with an almost 42 percent growth, as the luxury homes increased between 11,760 per square foot and 16,700 per square feet.

These markets enjoyed the confidence of more investors, introduction of high end projects and the increasing demand of spacious and high end living.

Affordable Housing Records Small Increment.

On the other hand, the affordable housing segment which is characterized as real estate valued below 40 lakh witnessed a relatively moderate price appreciation of 26 percent over the same period. In this category, the price rose as much as ₹4,220 per square foot in 2022 and 5,299 per square foot today.

Despite the affordable segment still boasting of a large number of buyers, the luxury housing has easily surpassed it in terms of price growth mostly because of the strong demand of high-net-worth customers and high rate of development of high-end residential areas.

Causes of the Persistent Luxury Real Estate Performance.

• Increased wealth among the high-net worth and non-resident Indians.
• Increased trust in long-established, brand developers.
• The desire to live in well-appointed areas and in secure and gated communities.
• Lack of available prime-location inventory.

All these elements contribute to a market where not only luxurious homes would sell faster, but they would also grow significantly faster.

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