Over the last three years, India’s high-end housing market has grown faster than any other. The prices of homes priced above Rs 1.5 crore have gone up the most. According to new data from ANAROCK Research, the prices of luxury homes in the seven biggest cities have gone up by an average of 40%. This shows that the premium real estate market is growing at an unprecedented rate.
Delhi–NCR has been moving up faster than any other area. The market went from Rs 13,450 per square foot to an amazing Rs 17,500 per square foot. to Rs 23,100 per square foot in 2022. 2025, in feet. This trend beats even high-value markets like the Mumbai Metropolitan Region (MMR), which logged a 43 per cent rise, and Bengaluru, which followed closely with a 42 per cent increase.
Average prices for high-end homes in the top cities went up from Rs 14,530 per sq. to Rs 20,300 per square foot in 2022. ft. in 2025, which is a huge increase that can’t be matched in any other type of home. At Rs 40,200 per square foot, MMR still has the highest luxury rates in the whole country. places like Chennai, Pune, Hyderabad, and Kolkata are behind but still in the rise stage, at 0.75 ft.
What’s Making Things Better?
Anuj Puri, Chairman of the ANAROCK Group, says that the rise is due to people’s continued desire for large, well-located projects from reputable builders. In the first nine months of 2025, 2.87 lakh units were sold in the top seven towns. Almost 30% of those were luxury homes, he said. “That’s never happened before.”
As wealth grows in the United States and the number of HNIs and ultra-HNIs grows, expensive homes are becoming more popular, both as lifestyle purchases and as safe investments in times of global insecurity.
The price of cheap homes set below Rs 40 lakh, on the other hand, only went up by 26%. In this area too, NCR was the leader with a 48% increase, though its prices are still a little lower than Hyderabad’s.
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Mid-range and luxurious residences don’t change.
In the middle and high price range (Rs. 40 lakh to Rs. 1.5 crore), prices rise up 39%, from the price Rs. 6.880 per square foot to Rs. 9.537 per square foot in 2022 and 2025. With a value rise of at the upmost price by 62%, Bengaluru has gained much in this research. It was a good sign that consumers were still looking for homes between Rs 1 crore and Rs 1.5 crore.
Also, a lot of other places, like Hyderabad, NCR and MMR, saw big gains. This shows how strong this area is.
The Indian housing market is still moving quickly, from the most expensive areas in MMR to the areas in NCR that are going up the fastest. This is because people are more optimistic about the economy, the population has changed, and buying standards have changed since the pandemic.
