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India's Housing Boom: Luxury Homes Drive Record Rs 6.65 Lakh Crore Sales

India's housing market is showing surprising strength despite global uncertainties. While the number of units sold has declined, the total value is hitting record highs thanks to luxury properties. Cities like Delhi NCR and Chennai are leading this growth with impressive sales performance. Experts predict this trend will continue with potential double-digit value growth through the current fiscal year.

Key Points: India Housing Sales Value to Hit Rs 6.65 Lakh Crore in FY26

  • Luxury and ultra-luxury housing demand outpaces all other market segments
  • Sales volumes stabilized despite geopolitical tensions and high prices
  • NCR and Chennai lead with 74% and 71% of FY25 sales achieved
  • H1 FY26 sales value reached Rs 2.98 lakh crore, 53% of FY25 total
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India's housing sales value projected to exceed Rs 6.65 lakh crore in FY26, up 19 pc

India's primary housing market projected to grow 19% in FY26, exceeding Rs 6.65 lakh crore as luxury and ultra-luxury home demand surges despite volume slowdown.

"The sales value of the total homes sold is growing. While sales volume plummeted by 14 per cent YoY in FY25, the sales value jumped up 6 per cent - Prashant Thakur, Anarock Group"

New Delhi, Nov 10

The primary housing market sales value in top Indian cities is projected to grow over 19 per cent in FY26 (year-over-year) to exceed Rs 6.65 lakh crore, driven by strong demand for luxury and ultra‑luxury homes, a report showed on Monday.

The sales volumes in the top seven Indian cities have stabilised despite geopolitical tensions, and high prices, adding that more than 1.93 lakh units were sold in these cities in H1 FY26 (April-September), according to the report from real estate services firm Anarock.

The sales value momentum is largely driven by the high-ticket priced homes across cities as demand for luxury and ultra-luxury housing continues to outdo all other segments.

The data showed that cumulative sales value in the H1 FY26 touched Rs 2.98 lakh crore -- already 53 per cent of FY2025's total sales value of Rs 5.59 lakh crore.

"The sales value of the total homes sold is growing. While sales volume plummeted by 14 per cent YoY in FY25, the sales value jumped up 6 per cent to Rs 5,59,290 crore -- the highest since FY22," said Prashant Thakur, Executive Director and Head-Research and Advisory, Anarock Group.

After reaching a peak in overall absorption in FY24, housing sales have tapered down amid various headwinds, Thakur said adding that the current trends indicate potential double-digit sales value growth by the end of the ongoing fiscal, even as overall volumes are expected to either stagnate or see moderate growth by up to 4 per cent.

City-wise analysis showed that National Capital Region (NCR) and Chennai outpaced other cities in H1 FY26 and have achieved 74 per cent and 71 per cent, respectively, of their FY25 sales values.

Meanwhile, Mumbai Metropolitan Region (MMR) achieved 45 per cent of the total sales value it recorded in previous fiscal.

- IANS

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Reader Comments

R
Rohit P
While luxury homes are booming, what about affordable housing? The common middle-class Indian is struggling to buy even a 2BHK in cities like Mumbai and Delhi. The focus seems too skewed towards high-end properties. 🤔
A
Arjun K
NCR and Chennai leading the growth is interesting! As someone from Chennai, I've noticed many new luxury projects coming up in OMR and ECR. The infrastructure development is definitely attracting buyers. 🏗️
S
Sarah B
The data shows sales value growing while volumes are stagnant - this clearly indicates that only expensive properties are selling. Makes me wonder if this is sustainable in the long run for the overall housing market.
V
Vikram M
As a real estate professional in Mumbai, I can confirm the luxury segment is booming! NRIs and high-net-worth individuals are driving this growth. The demand for premium amenities and locations is unprecedented. 💼
K
Kavya N
Good to see the sector performing well, but I hope developers also focus on sustainable and eco-friendly housing. With climate change concerns, green buildings should be the future focus, not just luxury. 🌱

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