High-End Housing Market Trends in India
The high-end housing market in India, which includes properties priced at Rs 1 crore and above, is showing significant growth, according to a recent report by JLL.
Residential Sales Volume
However, the volume of residential sales has decreased by approximately 13% to 1,34,776 units in the first half of 2025 compared to the same period in the previous year, the report stated.
JLL noted that there was a notable increase in demand in the Rs 3–5 crore category, with a growth rate of around 14% in the first half of 2024. Similarly, properties priced at Rs 5 crore and above saw an 8% increase in demand during the same period.
Impact on Mass Housing Sector
The surge in the popularity of high-end and premium residential properties, along with the rising real estate prices, has impacted the mass housing sector negatively. JLL pointed out a significant 32% year-on-year decrease in sales of homes below Rs 1 crore in the first half of 2025.
“The continuous growth in luxury home sales reflects the increasing affluence of buyers, changing lifestyle preferences, and a higher demand for spacious, premium living accommodations. This shift towards premium properties has overshadowed the market activity in the mass housing sector,” stated Samantak Das, the chief economist and head of research at REIS, India, JLL.
While there was a 6% increase in sales of homes priced at Rs 1 crore and above compared to the first half of 2024, properties below Rs 1 crore witnessed a substantial 32% decline during the same period, as per Das.
