Delhi NCR, Mumbai And Bengaluru Lead Luxury Housing Price Surge

India’s real estate sector continues to show remarkable resilience, with luxury housing emerging as the strongest performer. According to the latest ANAROCK Research report, average prices for homes priced above ₹1.5 crore across the top seven cities have risen from ₹14,530 per sq ft in 2022 to ₹20,300 per sq ft in 2025, marking a 40% increase. The surge is driven by sustained demand from affluent buyers, rising input costs, and a preference for premium living spaces.  

Key highlights from the announcement include  

• Delhi NCR recorded the sharpest jump in luxury housing prices, rising 72% from ₹13,450 per sq ft in 2022 to ₹23,100 per sq ft in 2025.  
• Mumbai Metropolitan Region (MMR) saw prices climb 43%, from ₹28,044 per sq ft to ₹40,200 per sq ft, making it India’s most expensive market.  
• Bengaluru registered a 42% increase, with prices rising from ₹11,760 per sq ft to ₹16,700 per sq ft.  
• Other major cities including Hyderabad, Pune, Chennai, and Kolkata also reported significant gains, though at a slower pace compared to NCR, MMR, and Bengaluru.  
• Luxury housing demand has outpaced affordable and mid-range segments, which grew at 26% and 30% respectively during the same period.  
• The report highlights that affluent buyers are increasingly investing in larger homes with premium amenities, reflecting lifestyle upgrades post-pandemic.  
• Developers have responded with a surge in luxury launches, further fueling price momentum.  
• MMR continues to dominate as the costliest market across all housing categories, reinforcing its position as India’s financial capital.  

The sharp rise in luxury housing prices underscores a structural shift in India’s property market. With high-net-worth individuals driving demand, the luxury segment has firmly outperformed other categories, positioning itself as the most attractive investment avenue in real estate.  

Sources: Zee Business, Financial Express, Economic Times Realty, News18