Luxury home prices in India’s top seven metropolitan cities have surged by an average of 40% between 2022 and 2025, according to a recent report by ANAROCK Research. This increase has outpaced all other residential segments, reflecting strong demand for premium properties in major urban centers.
In 2022, the average cost of luxury homes — defined as properties priced above ₹1.5 crore — was approximately ₹14,530 per square foot. By 2025, this figure rose to around ₹20,300 per square foot. Delhi‑NCR saw the highest growth, with prices climbing 72% from ₹13,450 to ₹23,100 per square foot.
Mumbai and Bengaluru followed closely, with luxury home rates in Mumbai rising from ₹28,044 to ₹40,200 per square foot, marking a 43% increase. Bengaluru recorded a 42% growth, with prices moving from ₹11,760 to ₹16,700 per square foot. Other cities, including Hyderabad, Pune, Chennai, and Kolkata, also witnessed notable growth in the luxury segment, demonstrating a nationwide surge in high-end real estate demand.
Mid-range and premium homes, priced between ₹40 lakh and ₹1.5 crore, also saw healthy appreciation, growing 39% from ₹6,880 per square foot in 2022 to ₹9,537 per square foot in 2025. In contrast, the affordable housing segment recorded a more modest rise of 26%, moving from ₹4,220 to ₹5,299 per square foot over the same period.
ANAROCK reports that nearly 30% of the 2.87 lakh units sold in the first nine months of 2025 across these top cities belonged to the luxury segment. This underscores the growing preference among affluent buyers for branded developments in prime locations, supported by rising disposable incomes and changing lifestyle priorities.
The trend highlights the resilience of India’s luxury housing market, even amid inflation and increasing construction costs. Major urban centers continue to see strong demand for high-end properties, while mid-range and affordable segments maintain steady growth. The report suggests that luxury housing will remain a key driver of India’s real estate sector in the coming years.
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