Luxury Real Estate Soars In India With Demand From Nris And Hnis; Top Builders Lead The Way
India's premium real estate market is seeing rising demand, and high-net-worth individuals and non-resident Indians are driving the market. These buyers want secure and high-yielding investments.
According to ANAROCK’s annual residential report 2024, there are many new housing projects priced above Rs. 2.5 crores. These included:
- 59% of projects in Delhi NCR
- 18% of projects in Hyderabad
- 12% of projects in MMR
It showed the rising demand for high-end homes among NRIs and wealthy buyers.
Large developers are meeting the growing need for luxury homes. They have strong track records for on-time delivery and are known for their compliance-driven operations.
India’s largest listed player, DLF, for FY 25 had Rs. 21,223 crores, its all-time high sales booking. It is up 44% year-on-year compared to Rs. 14,778 crores in FY24. Godrej Properties reported Rs. 29,444 crores in sales in FY25, marking a year-on-year growth of 31%.
Signature Global (India) Ltd had pre-sales of Rs. 10,209 crores, a 42% year-on-year increase. Macrotech Developers had sales bookings of Rs. 17.630 crore, which is a 21% growth on the previous fiscal year.
Experts said that these top brands cater to the changing desires of wealthy buyers and NRIs. Top-listed players have a large portion of the market. They are reshaping it and reinforcing their top spots.
Buyer confidence is high, says Ravi Aggarwal, Co-founder and Managing Director of Signature Global. NRIs and HNIs want luxury homes. They have more faith in top builders who have solid track records. He says buyers are choosing top brands. Developers are building homes that meet customer needs. These give good returns and a great lifestyle.
Rahul Thomas, Whole-time Director, Suraj Estate Developers, said that luxury homes in India are once again becoming popular. NRIs and HNIs want homes that are safe and go up in value. They are looking for more than just space. They want privacy, legacy addresses, and the best quality. He thinks the big builders can meet their needs.
Saurabh Runwal, Director at Runwal Realty, said the surge reflects growing NRI and HNI needs. He said it is because of the ‘credibility premium.’ Buyers want to be sure their homes will be delivered on time.
They want homes that are compliant with laws, and these have to be of value in the long term. Runwal said the change is being led by trusted developers who are redefining what luxury living means.
Mumbai has the most luxury homes. Cities like Gurugram, Bangalore, and Hyderabad are also coming up. Gurugram is now a top place for these homes. Builders like places such as Southern Peripheral Road and Dwarka Expressway here. These have good roads and are becoming more modern.
Ashok Kapur, Chairman of Krishna Group, said the demand from NRIs and HNIs shows the move to elite living. He said builders are aware of the trend and are offering homes of world-class design with on-time delivery. Their high-end lifestyle matches what buyers want.
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