Premium Housing Booms As Properties Above Rs 1 Crore Witness Strong Growth: JLL Report
Four major markets of Bengaluru, Mumbai, Pune and the NCR — each surpassed 10,000-unit sales in the quarter.
High-end housing market comprising properties priced at Rs 1 crore and above is experiencing notable growth, according to a latest report by JLL.
However, residential sales volume decreased by around 13% to 1,34,776 units in H1 2025 compared to the same period last year, it added.
"This is especially evident in the Rs 3–5 crore category, which saw demand increase by approximately 14% compared to H1 2024, while the Rs 5 crore and above segment registered an 8% growth in demand during the same period," said JLL.
JLL highlighted that the growing popularity of high-end and premium residential properties, combined with escalating real estate prices, has dampened activity in the mass housing sector. "This shift is clearly reflected in the substantial 32% year-on-year decline in sales of homes priced below Rs 1 crore during H1 2025," it added.
"The steady growth in luxury home sales indicates rising buyer affluence, evolving lifestyle aspirations, and a heightened demand for larger, premium living spaces. This increasing focus on premium properties has overshadowed activity in the mass housing segment," said Samantak Das, chief economist and head of research and REIS, India, JLL.
"While sales in the Rs 1 crore and above category homes grew by approximately 6% compared to H1 2024, the sub-Rs 1 crore segment experienced a significant 32% decline during the same period," said Das.
India's Top Cities By Sales
Despite the overall decline in sales in H1 2025, India's top seven cities maintained quarterly growth momentum during Q2 2025, recording 69,630 unit-sales.
Four major markets of Bengaluru, Mumbai, Pune and the National Capital Region — each surpassed 10,000-unit sales in the quarter, collectively accounting for around 77% of total Q2 sales, JLL added.
The luxury segment showed exceptional quarterly performance, with homes priced above Rs 5 crore experiencing substantial 42% quarter-on-quarter growth, while demand in the Rs 3-5 crore range increased by 28% compared to the previous quarter, it further added.
According to JLL, Q2 2025 marked a post-pandemic record with approximately 29% of sales coming from properties launched during the same quarter.
"Kolkata, Chennai and Bengaluru were the cities to have recorded significant growth in H1 2025 launches, compared to first half of last year.” said Siva Krishnan, senior managing director (Chennai & Coimbatore), head - residential services, India, JLL.
Meanwhile, home prices across India's seven major cities continued to climb in Q2 2025, with yearly increases between 5% and 17%. The NCR saw the highest jump at 17%, while Bengaluru followed at 14%.
