New Delhi, Nov 26 || Luxury housing demand in India’s top seven cities has outpaced other segments over the past three years, with average prices for homes priced above Rs 1.5 crore rising about 40 per cent from Rs 14,530 per sq. ft. in 2022 to Rs 20,300 per sq. ft. in 2025, a report said on Wednesday.
The luxury housing segment continues to rule the residential market in India's top 7 cities - not only in new supply and absorption but also in price appreciation, the report from real estate services firm ANAROCK said.
Delhi‑NCR led gains in the luxury segment, posting a 72 per cent jump to Rs 23,100 per sq. ft., while Mumbai Metropolitan Region and Bengaluru saw gains of 43 per cent and 42 per cent respectively.
Affordable homes priced less than Rs 40 lakh saw just 26 per cent average price appreciation. NCR saw the highest price growth of 48 periods in this segment as well during the same period.