India’s Delhi-NCR Leads 40% Price Surge In Domestic Luxury Homes

India’s luxury property market is undergoing a profound transformation, characterised by explosive domestic demand for spacious, high-end residences.

A new analysis confirms that luxury homes (priced above ₹1.5 crore) have seen average values jump by a remarkable 40% across the top seven Indian cities since 2022.

The shift is being spearheaded by the rapid growth of India’s HNI and Ultra-HNI population, who are consistently prioritising branded, feature-rich developments in superior urban locations.

The standout performer nationally is the Delhi-NCR region, where luxury home prices recorded a staggering 72% appreciation over the same period—the highest among all major metros. High-cost hubs like the Mumbai Metropolitan Region (MMR) and Bengaluru followed closely, showing 43% and 42% rises respectively.

With nearly 30% of total residential sales volume now falling within the luxury segment, this persistent appetite for premium living reinforces the view that India’s luxury property sector is in a phase of sustainable, long-term growth driven by indigenous wealth creation.