Luxury Homes in India: Growing Demand and Rising Prices
The luxury real estate market in India is growing fast, especially in cities like Mumbai, Bengaluru, and Delhi-NCR. Wealthy individuals, such as business leaders, start-up founders, and non-resident Indians, are behind this demand.
A recent report by CBRE showed that the sales of luxury homes, priced ₹4 crore and above, grew by 53% in 2024 across seven major cities. Along with this, the number of new luxury properties launched also rose by 52%.
However, what’s considered "luxury" varies between cities. In Noida, an ₹8 crore apartment might be considered luxury, but in Mumbai or Gurugram, a ₹100 crore property would be seen as luxury. In Mumbai’s suburbs, a ₹4 or ₹5 crore apartment could be called luxury because it’s much higher than the usual market price in those areas.
Luxury homes are not only defined by price but also by location, quality, and the developer’s reputation. In Bengaluru, luxury homes typically cost around ₹4 crore in areas like Whitefield, Indiranagar, and Koramangala. But luxury is more than just a price tag—it’s about exclusivity, comfort, and the overall living experience.
In Delhi-NCR, the luxury market is also growing. Recently, a bungalow in Lutyens’ Delhi sold for ₹150 crore. Gurugram has become a top location for luxury homes, especially on Golf Course Road, which is attracting attention for its high-end amenities. One of the most expensive deals in India happened in Gurugram, where a penthouse sold for ₹190 crore.
Overall, the luxury real estate market in India continues to thrive. As more people look for exclusive homes with top-notch amenities, the demand for luxury properties is expected to stay strong in the coming years. For those seeking to rent luxury properties, platforms like EazeMyRent.com provide an easy way to find premium rental homes.
