November 27, 2025: Luxury residential real estate has significantly outperformed other segments across India’s top seven cities, with prices rising 40% since 2022, according to a report released by ANAROCK India on November 26. In contrast, affordable homes priced below Rs 40 lakh recorded a more modest appreciation of just 26% during the same period.
The report highlights that luxury properties—those priced above Rs 1.5 crore—saw the strongest price gains among all housing categories. Average prices rose from Rs 14,530 per sq ft in 2022 to approximately Rs 20,300 per sq ft in 2025. The top seven cities covered in the study include Delhi NCR, the Mumbai Metropolitan Region (MMR), Bengaluru, Pune, Hyderabad, Chennai, and Kolkata.
Delhi NCR led luxury housing appreciation with a remarkable 72% jump. “At 72%, NCR records the highest average luxury homes appreciation – from Rs 13,450 per sq. ft. in 2022 to Rs 23,100 per sq. ft. today. MMR and Bengaluru saw 43% & 42% average price rise, respectively, for homes priced above Rs 1.5 crore in this period,” the report said. ANAROCK Chairman Anuj Puri added, “In these cities, the luxury segment of Delhi-NCR saw the highest jump… followed closely by Bengaluru with a 42% increase.”
In the affordable housing segment, price growth remained subdued. Delhi NCR once again topped the list with 48% appreciation, rising from Rs 3,520 per sq ft in 2022 to Rs 5,200 per sq ft in 2025. Hyderabad ranked second with a 35% increase. The average price across the top seven cities rose from Rs 4,220 per sq ft to Rs 5,299 per sq ft.
Puri noted that demand for luxury homes remains strong due to sustained interest among high-net-worth buyers and the availability of larger units by branded developers. He said, “Of the total sales of approximately 2.87 lakh units in the top seven cities in the first nine months of 2025, nearly 30% were in the luxury segment.”
The report concludes that luxury housing is on a stable long-term growth path, supported by India’s expanding base of HNIs, wealth creation, and economic resilience.
Source: Hindustan Times
