Million Dollar Listing! The ₹279,000 crore surge in India’s luxury housing market with aamchi Mumbai touch
affluent buyers prioritising exclusivity, lifestyle enhancements, and high-end living spaces. Despite global economic uncertainties, the demand for premium real estate has remained robust, reflecting the long-term confidence of wealthy buyers in this investment segment.
According to CREDAI-MCHI, the first half of FY 2024-25 witnessed an 18% growth in total sales value across India’s top seven property markets, reaching ₹279,309 crore. This growth came even as the number of units sold fell by 3%, indicating a strong preference shift toward luxury homes. Average home prices jumped to ₹1.23 crore, compared to ₹1 crore in the same period last year.
Cities like Mumbai, Delhi-NCR, and Bengaluru have emerged as leaders in this segment. The Mumbai Metropolitan Region (MMR) retained its dominance with a stable average ticket size of ₹1.47 crore and a 2% rise in sales value to ₹114,529 crore. Other cities, including Hyderabad, Chennai, and Pune, also reported significant increases in average ticket sizes, highlighting a nationwide trend.
Also, the time taken for buyers to finalize a house purchase has returned to pre-pandemic levels, with the average duration dropping to 26 days in H1 FY 2025, down from 33 days in FY 2021. Data from Anarock highlights that luxury homes priced at ₹3 crore and above have the shortest conversion time, averaging just 15 days in the same period.
As housing continues to solidify its position as India's most preferred investment choice, the lead-to-conversion time has become a key indicator of
