Premium Housing Surges as Mass Segment Slows: 62% of India’s H1 2025 Sales Now Above ₹1 Crore

In H1 2025, India’s housing market saw a 13% decline in total sales, but premium homes priced above ₹1 crore surged to form 62% of transactions. Q2 saw a 7% rise in sales, signaling a market shift towards high-value, luxury housing.

Rising Prices, Slowing Sales: India’s Housing Sector Enters a Phase of Strategic Pause

India’s residential market entered a phase of consolidation in Q2 2025, with new launches falling 16% year-on-year and sales volumes declining 20%. However, the average price grew 11% across the top 7 cities as demand remained strong in premium and luxury segments, signaling a shift toward more selective, sustainable growth.

MMR Records Highest Home Sales in Q2 2025 Even as India Sees 20% Decline

Despite a 20% dip in India’s housing sales during Q2 2025, Mumbai Metropolitan Region (MMR) held its ground as the country’s largest residential market, recording over 31,000 unit sales. Developers scaled back launches, but luxury and mid-segment homes remained dominant.

Average Flat Sizes Rise 7% in Top 7 Cities in 2024; NCR Leads with a 29% Annual Increase

The quest for larger homes continues in India’s real estate market. Average flat sizes in the top 7 cities rose by 7% in 2024, with NCR leading the way at a 29% annual growth. Over six years, the average size across these cities increased by 34%, driven by strong demand for luxury housing. NCR’s average flat size soared to 2,435 sq. ft. in 2024, while MMR remains the most space-constrained at 849 sq. ft. Despite higher property prices, spacious homes are a top priority for Indian homebuyers.