Luxury Housing Boom in India Expected to Push Home Prices Higher
- brg_news_room
- 4 days ago
- 1 min read
INDIA: India residential property market is projected to see steady price growth as developers increasingly prioritise luxury housing projects. A Reuters poll of property analysts indicates that average home prices in India could rise about 5% annually through 2028, following an estimated 3.6% increase in 2025 based on the Reserve Bank of India House Price Index.
Demand is being driven largely by affluent buyers, encouraging developers to focus on high-end properties typically priced above US$ 108.2 thousand (₹10 million). According to JLL, such homes accounted for 63% of total residential sales in 2025, while demand for lower-priced housing dropped sharply. Analysts expect property prices in major cities including Mumbai, Delhi, Bengaluru and Chennai to rise 5–7% over the next three years, potentially further straining housing affordability.
Source: Reuters
