
India Luxury Residential Real Estate Market Research Report: Forecast (2025-2030)
India Luxury Residential Real Estate Market - By Type (Flats, Condos, Penthouses, Townhouses, Villas, Mansions, Others (Vacation Homes, Farm Houses, etc.)), By Size (sq. ft.) (1,50...0 - 3,000 sq. ft., 3,000 – 4,500 sq. ft., 4,500 - 6,000 sq. ft., 6,000 – 7,500 sq. ft., 7,500-9,000 sq. ft., Above 9,000 sq. ft.), By Furnishing (Fully Furnished, Semi-Furnished), By Price (1–5 (USD Millions), 5-10 (USD Millions), 10-20 (USD Millions), 20-50 (USD Millions), 50- 100 (USD Millions), Above 100 (USD Millions)), By Configuration (1-2 Bedrooms (BHK), 3-4 Bedrooms (BHK), 5-6 Bedrooms (BHK), 7 & Above Bedrooms (BHK)) and Others Read more
- Buildings, Construction, Metals & Mining
- Jan 2025
- 129
- PDF, Excel, PPT
Market Insights & Analysis: India Luxury Residential Real Estate Market (2025-2030):
The India Luxury Residential Real Estate Market size was valued at around USD 45 billion in 2024 and is projected to reach USD 105 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 15% during the forecast period, i.e., 2025-30. Various factors are associated with this market growth. The increase in demand for second homes and vacation homes is among the key drivers of the India luxury residential real estate industry. The luxury housing sales in the USD 1.2-2.3 Million (₹10-20 crore) segment more than doubled in 2024 to 360 units. A growing middle class with more disposable income and a penchant for leisurely retreats contributes to this trend. The pandemic accelerated such tendencies as individuals sought safe and remote locations away from overcrowded metropolitan areas. Tourist destinations for holiday options including Goa, Haridwar, Dehradun, and others enjoy a heavy demand for luxury second homes in India. For instance, 55% of rich individuals in India have shown serious interest in buying a second luxurious home in popular tourist destinations and coastal regions like Goa. Such a shift offers an opportunity for a lifestyle upgrade and proposed gain for investors could make second homes a sound investment choice.
Report Coverage | Details |
---|---|
Historical Years | 2020-23 |
Base Years
|
2024
|
Forecast Years
|
2025-30
|
Market Value in 2024 | USD 45 Billion |
Market Value by 2030 | USD 105 Billion |
CAGR (2025-30) | 15% |
Top Key Players | Sobha Realty, Oberoi Realty, DLF, Hiranandani Group, Bhutani Infra, Lodha Group, Omaxe, Godrej Properties, Jaypee Group, Brigade Group, Mahindra Lifespaces, Tata Housing, K Raheja Corp, Ajmera Realty & Infra India Ltd., Prestige Group, Panchshil Realty and Others |
Key Report Highlights |
|
*Boost strategic growth with in-depth market analysis - Get a free sample preview today!
Also, the market is increasingly energized by shared ownership models and fractional investment strategies. Fractional ownership permits several investors to acquire a high-value property jointly, thereby making luxury real estate much more accessible. For instance, platforms such as Strata and hBits allow the pooling of funds in India by various investors of various luxury properties so that costs and benefits can be distributed. This model is especially popular in vacation property markets, where buyers achieve high-end properties without having to pay the whole amount. Besides, shared ownership models provide considerable flexibility and lower investment thresholds, allowing a larger range of investor participation. This trend is contributing substantially to market growth by democratizing access to luxury real estate and offering various investment opportunities with capital appreciation and rental income potential.
Moreover, government initiatives are boosting the market demand. Government schemes have played a leading role in the growth of the luxury residential real estate market in India. As per the sources, the Union Budget 2025 is anticipated to put forth various ways aimed at transforming the industry, such as tax breaks for home buyers, Real Estate Investment Trusts (REITs), and higher limits for tax deductions on home loan interests. The measures are meant to enhance the sector, attracting investments. Development of infrastructure is another area being looked into, for which USD 128.5 billion around 3.4% of the GDP, has been allocated in the Union Budget 2024. This further investment helps in connectivity while forming niche living areas for high-end buyers. Also, the Smart City Project plans to develop 100 smart cities and thus presents an opportunity for luxury real estate developers in India. Plus, Pradhan Mantri Avas Yojna addresses the affordable and mid-segment housing space, thereby benefiting the luxury segment by knocking up sentiment in the market.

India Luxury Residential Real Estate Market Driver:
Increasing Number of High-Net-Worth Individuals Driving Demand – In 2024, high-net-worth individuals (HNI) and ultra-high-net-worth individuals (UHNI) significantly increased in India. There are over 850,000 HNI, defined as individuals with investable assets of USD 1 million and above. The number is expected to rise further to 1.65 million by 2027. Also, there were about 13,600 UHNI in India in 2024, marking an annual increase of 6%. A growth of 50% is expected by 2028, which is considerably ahead of the global average growth of 30%. The booming luxury residential real estate has been driven by an increasing number of HNIs & UHNIs in the country. Demand was driven by luxury buyers seeking spacious homes that offer premium amenities catering to their multitasking lifestyles. Also, they look for investable luxurious residential properties for diversification of funds that would generate excellent returns as well. Real estate developers have now shifted their focus toward high-end projects to meet this growing demand in altering the real estate landscape to appeal to HNIs and UHNIs.
India Luxury Residential Real Estate Market Opportunity:
Growing Demand in Urban Hotspots – In 2024, the luxury housing sector, comprising houses priced upwards of USD 0.46 million observed a 53% increase in sales year-on-year across the top seven metropolitan cities. Key cities like Mumbai, Pune, and Bengaluru accounted for over 90% of the sales in luxury housing units. The Delhi-NCR was at the forefront with a staggering growth of 90% year-on-year, while Mumbai registered a gain of 32%. Pune saw considerable demand with the sale of 825 luxury units. This has opened various opportunities for market players for investments in the market to build new projects catering to this booming demand coming from affluent buyers in urban hot spots. Likewise, these types of properties like luxury apartments and villas in prime locations offer state-of-the-art facilities like private pools, smart home automation systems, and extensive green spaces that are likely to attract buyers looking to upgrade from their present standard of living.
India Luxury Residential Real Estate Market Challenge:
Hold-Ups Regarding Authorizations & Permits Impending Growth – Delays in authorizations and permits create huge obstacles to the growth of the luxury residential as well as commercial real estate market in India. Permissions required from local authorities often see delays, which in turn extend the timelines of the projects and increase the costs. For instance, in Mumbai, it took about 60 days on average to obtain a construction permit which is now reduced to 40 days, still more than the average of 30 days globally. These holds become demotivating news for potential buyers and mitigate the growth of the market. Compliance requirements along with other governmental bottlenecks can, however, be extensive, complex, and time-consuming. Both these considerations are necessary for ensuring the growth of the luxury real estate sector and the timely completion of real estate projects.
India Luxury Residential Real Estate Market Trend:
Increasing Popularity of Branded Residences – The Luxury Residential Real Estate Market in India tends to be shifting toward branded residences. These high-end properties are designed in collaboration with world-renowned brands ranging from Ritz-Carlton to Four Seasons, and Rustomjee, and are marked by flamboyant architecture, world-class amenities, and world-class service standards. In 2024 the attributes of branded residences began appealing to affluent buyers in top metropolitan cities. Such a demand springs from the fact that they are indicative of quality, exclusivity, and better resale value. For instance, in Mumbai, branded luxury home sales between USD 2.3-5.78 Million shot up by 143%. These exquisite living spaces denote the wealth and social lifestyle of the rich and ultra-rich.
India Luxury Residential Real Estate Market (2025-2030): Segmentation Analysis
The India Luxury Residential Real Estate Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–2030 at the national level. Based on the analysis, the market has been further classified as:
Based on Type:
- Flats
- Condos
- Penthouses
- Townhouses
- Villas
- Mansions
- Others
Out of them, the Villas segment leads the India Luxury Residential Real Estate Market with approx. 65% of the total market share. Villas are meant for the wealthy buyer, providing privacy, space, and exclusivity on the premise of ample properties, swimming pools, and picturesque gardens. In desired areas extending from the coast to upscale neighborhoods, they offer greater attractiveness. Customization allows owners to tailor their villas to their tastes and lifestyles. Architecturally elegant and distinctively styled, villas symbolically convey status. Modern amenities, green technologies, and luxury add to their aesthetic allure. These factors make villas a significant segment of India luxury residential real estate industry, catering to high-net-worth individuals.
Based on Size (sq. ft.):
- 1,500 - 3,000 sq. ft.
- 3,000 – 4,500 sq. ft.
- 4,500 - 6,000 sq. ft.
- 6,000 – 7,500 sq. ft.
- 7,500-9,000 sq. ft.
- Above 9,000 sq. ft.
Segments of 3,000-4,500 sq. ft. lead the India Luxury Residential Real Estate Market, with 40% of the total market share. High-net-worth individuals and ultra-high-net-worth individuals prefer properties falling therein in India due to their size, which offers both luxury and practicality while being inviting. The settings for such properties provide very luxurious amenities, smart home technologies, and environmentally friendly designs. Placing one's investments in this segment of the market would have to be in urban hotspots like Mumbai, Delhi-NCR, Bengaluru, and Hyderabad, where a fine combination of convenience, prestige, and modern living exists. On one hand, the desire for high-standard living remains high as the homes blend in charm with coziness and exclusivity.
India Luxury Residential Real Estate Industry Recent Development:
- December 2024: Oberoi Realty acquired 81 acres of land in Alibaug near Mumbai and plans a luxury hotel and villa project. In the 72.45 acres, equivalent to 2,93,207 sq meters, the company intends to construct approximately 150 high-end luxuries, fully serviced, branded residential villas, consuming FSI of roughly 1,20,000 square meters.
Gain a Competitive Edge with Our India Luxury Residential Real Estate Market Report
- India Luxury Residential Real Estate Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- India Luxury Residential Real Estate Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Frequently Asked Questions
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- India Luxury Residential Real Estate Market Trends & Deployments
- India Luxury Residential Real Estate Market Dynamics
- Growth Drivers
- Challenges
- India Luxury Residential Real Estate Market Opportunities & Hotspots
- India Luxury Residential Real Estate Market Value Chain Analysis
- India Luxury Residential Real Estate Market Regulations and Policy
- India Luxury Residential Real Estate Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type
- Flats- Market Size & Forecast 2020-2030, USD Million
- Condos- Market Size & Forecast 2020-2030, USD Million
- Penthouses- Market Size & Forecast 2020-2030, USD Million
- Townhouses- Market Size & Forecast 2020-2030, USD Million
- Villas- Market Size & Forecast 2020-2030, USD Million
- Mansions- Market Size & Forecast 2020-2030, USD Million
- Others (Vacation Homes, Farm Houses, etc.)
- By Size (sq. ft.)
- 1,500 - 3,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- 3,000 – 4,500 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- 4,500 - 6,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- 6,000 – 7,500 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- 7,500-9,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- Above 9,000 sq. ft.- Market Size & Forecast 2020-2030, USD Million
- By Furnishing
- Fully Furnished- Market Size & Forecast 2020-2030, USD Million
- Semi-Furnished- Market Size & Forecast 2020-2030, USD Million
- By Price
- 1–5 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- 5-10 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- 10-20 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- 20-50 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- 50- 100 (USD Millions) - Market Size & Forecast 2020-2030, USD Million
- Above 100 (USD Millions)- Market Size & Forecast 2020-2030, USD Million
- By Configuration
- 1-2 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
- 3-4 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
- 5-6 Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
- 7 & Above Bedrooms (BHK)- Market Size & Forecast 2020-2030, USD Million
- By Region
- North India
- South India
- East India
- West India
- By Company
- Competition Characteristics
- Market Share and Analysis
- By Type
- Market Size & Analysis
- Fully Furnished India Luxury Residential Real Estate Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2020-2030, USD Million
- By Size (sq. ft.)- Market Size & Forecast 2020-2030, USD Million
- By Price- Market Size & Forecast 2020-2030, USD Million
- By Configuration- Market Size & Forecast 2020-2030, USD Million
- By Region- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Semi-Furnished India Luxury Residential Real Estate Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2020-2030, USD Million
- By Size (sq. ft.)- Market Size & Forecast 2020-2030, USD Million
- By Price- Market Size & Forecast 2020-2030, USD Million
- By Configuration- Market Size & Forecast 2020-2030, USD Million
- By Region- Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- India Luxury Residential Real Estate Market Strategic Imperatives for Growth & Success
- Competition Outlook
- Company Profiles
- Sobha Realty
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Oberoi Realty
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- DLF
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Hiranandani Group
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Bhutani Infra
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Lodha Group
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Omaxe
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Godrej Properties
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Jaypee Group
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Brigade Group
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Mahindra Lifespaces
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Tata Housing
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- K Raheja Corp
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Ajmera Realty & Infra India Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Prestige Group
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Panchshil Realty
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Deployments
- Financial Details
- Others
- Others
- Sobha Realty
- Company Profiles
- Disclaimer
