CREDAI-MCHI reports Rs 279,309 crore in luxury housing sales with 23% surge in average prices
CREDAI-MCHI, the apex body of real estate developers, has unveiled its latest research analysis, spotlighting a transformative shift in India's urban housing markets towards luxury and premium properties. The study reveals significant growth in average ticket sizes and total sales values across India’s top seven metropolitan cities during H1 FY2025 (April-September 2024).
The data highlights a remarkable 18% increase in total sales value, which surged to Rs 279,309 crore, compared to Rs 235,800 crore in the same period of FY2024. Despite a modest 3% decline in total units sold, the average price of homes rose sharply to Rs 1.23 crore in H1 FY2025, compared to Rs 1 crore in H1 FY2024, underscoring the growing preference for premium homes.
Speaking on the findings, Keval Valambhia, Chief Operating Officer, CREDAI-MCHI, stated, “The growth trajectory of India’s luxury housing market is a testament to its resilience and adaptability. Buyers are increasingly gravitating towards premium properties that offer enhanced lifestyle experiences and robust investment value. At CREDAI-MCHI, we remain committed to fostering an environment that supports this growth, ensuring a balance between innovation, quality, and sustainability in urban real estate development.”
In city-wise performance, NCR emerged as a leader, with the average ticket size growing by an impressive 56% to Rs 1.45 crore and sales value rising by 55% to Rs 46,611 crore. MMR demonstrated its consistency, with an average ticket size stable at Rs 1.47 crore and sales value increasing by 2% to Rs 114,529 crore. Bengaluru showcased robust growth, with the average ticket size rising by 44% to Rs 1.21 crore and sales value increasing by 44% to Rs 37,863 crore.
Hyderabad followed suit, with its average ticket size growing by 37% to Rs 1.15 crore and sales value increasing by 28% to Rs 31,993 crore. Chennai saw a 31% increase in the average ticket size to Rs 95 lakh, with sales value rising by 20% to Rs 9,015 crore. Pune’s market reflected strong growth in the affordable luxury segment, as its average ticket size rose by 29% to Rs 85 lakh and sales value jumped by 19% to Rs 34,033 crore. Kolkata experienced moderate growth, with the average ticket size increasing by 16% to Rs 61 lakh.
Across the board, buyers are prioritizing larger, well-equipped homes in prime locations, signalling a shift towards premium living. The consistent rise in sales value across cities underscores resilient demand for high-end properties, even in regions where unit sales saw a modest decline. Cities like NCR and Bengaluru stood out with significant growth in high-value property transactions, reflecting their appeal among affluent buyers.
