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India’s luxurious housing phase within the high seven cities recorded gross sales of 1930 items within the March quarter, 28 per cent progress over the identical quarter final 12 months, as per the information of CBRE.
Among the many high seven cities, Delhi-NCR led in quarterly luxurious unit gross sales with round 950 items and 49 per cent share, adopted by Mumbai. Bengaluru recorded the very best progress amongst southern cities, rising from simply 20 items in Q1 2024 to about 190 items in Q1 2025. Hyderabad, Kolkata and Chennai had a 5 per cent share in general luxurious unit gross sales.
Nonetheless, in keeping with Anarock Group, luxurious housing noticed a 24 per cent surge in unsold inventory, rising from 91,125 items in the identical quarter final 12 months to over 1.13 lakh items in Q1 this 12 months, fuelled by strong demand and new provide.
Luxurious housing gross sales share rose from 7 per cent in 2019 to 26 per cent in 2024, and new provide share doubled from 11 per cent to 26 per cent. However, the phase noticed unsold stock pile up on account of elevated provide and cautious investor sentiment amid the continued international financial uncertainty.
Among the many high 7 cities, Chennai and Pune have been the one cities to see their unsold luxurious inventory decline within the interval by 4 per cent and 11 per cent, respectively. Whereas Chennai’s present unsold luxurious inventory is at 2,453 items, Pune’s is at 3,668 items. NCR, Mumbai, Kolkata, Hyderabad and Bengaluru noticed their unsold luxurious inventory rise.
“The build-up of inventory in luxurious housing, which has been the top-performing phase previously 2-3 years, is essentially on account of important provide additions within the final one to 2 years,” mentioned Anuj Puri, chairman, Anarock.
