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Business Standard
14-07-2025
- Business
- Business Standard
Delhi-NCR luxury home sales soar 209% in H1 2025, all flats above ₹6 cr
If you've been watching the real estate space for signals on where India's wealth is heading, here's a telling one: Delhi-NCR recorded a 209.4% spike in luxury home sales in the last one year—3,960 homes priced at ₹6 crore and above were sold in just the first half of 2025, up over three times from 1,280 units last year, according to a new CBRE-Assocham report. What's driving this luxury housing surge? Here are the key factors at play: Rising disposable income: Aided by accommodative monetary policy and rising incomes in the salaried and entrepreneurial class. Desire for larger, well-located homes: Post-pandemic lifestyle upgrades are here to stay—homebuyers now prioritise space, amenities, and prime locations. Developer confidence and quality: Developers are focusing more on transparency, experience, and high-end finishes—boosting buyer trust. Stable interest rates: RBI's pause on rate hikes has made home loans relatively more attractive, even in the luxury segment. 'The standout growth of luxury and premium housing indicates rising consumer confidence and lifestyle aspirations,' said Gaurav Kumar, MD - Capital Markets and Land at CBRE India. Where are the big jumps happening? Delhi-NCR: 3,960 units sold in Jan–June 2025 vs 1,280 a year ago Mumbai: 1,240 units sold vs 950 Bengaluru: 200 units sold vs 80 Chennai & Kolkata: Both saw more than 2.5x growth Hyderabad & Pune: Bucked the trend with slight drops "The housing boom, coupled with policy evolution, highlights the need for reforms that ease approvals, redefine affordable housing in urban India, and incentivise sustainable development," Manish Singhal, Secretary General, ASSOCHAM, said. Total sales in the top seven cities rose to 6,950 units in January-June 2025 from 3,750 units in the corresponding period of the preceding year. Commenting on the data, Jash Panchamia, Executive Director at Jaypee Infratech Ltd, said, "The sharp surge in demand for premium residential properties during the first half stands as a clear testament to the fact that the appetite of homebuyers continues to remain robust and resilient across the leading real estate micro-markets in the country." The various reform measures announced in the Union Budget and the RBI's accommodative monetary policy stance have played a pivotal role in enhancing the overall disposable income levels of the average household, he added.
Time of India
12-07-2025
- Business
- Time of India
Luxury housing sales surge 85% in H1 2025: Report
NEW DELHI: India's luxury housing market witnessed a sharp acceleration in the first half of 2025, with sales rising 85% year-on-year to nearly 7,000 units across the top seven cities, according to a joint report by CBRE South Asia and ASSOCHAM . This surge underscores growing appetite among high net-worth individuals (HNIs), ultra-HNIs and non-resident Indians (NRIs), seeking premium assets amid macroeconomic resilience and a stronger U.S. dollar. Leading the charge was the Delhi-NCR market, which accounted for 57% of total luxury sales with approximately 4,000 units, registering a threefold increase over the previous year. Mumbai followed with 1,240 units (18% share), reflecting a 29% year-on-year growth. Cities like Chennai and Pune—traditionally dominated by mid-income housing—also entered the luxury orbit, contributing around 5% of the overall sales. Gaurav Kumar, managing director (Capital Markets and Land), CBRE India, said, "The remarkable rise in luxury housing, both in demand and supply, reflects a structural shift in homebuyer preferences and reaffirms India's position as a high-potential market for global and domestic investors alike." In tandem with sales, new luxury launches also rose 30% year-on-year to approximately 7,300 units during January-June 2025. Over 90% of these were concentrated in Delhi-NCR, Mumbai and Hyderabad, signaling a focused push by developers to cater to evolving buyer preferences. The overall housing market also remained buoyant, with ~1,32,000 units sold and ~1,38,000 units launched across the top cities, reflecting balanced demand and supply dynamics.
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Business Standard
11-07-2025
- Business
- Business Standard
Luxury home sales up 85% in 7 cities in first half of 2025: Report
As many as 7,000 luxury homes, priced Rs 4 crore to Rs 6 crore, were sold in India's top seven cities between January and June, marking an 85 per cent annual increase, said a report on Friday. Delhi-NCR (National Capital Region) clocked 57 per cent of the sales, thereby becoming the market leader, according to the report jointly released by CBRE South Asia, a US-based commercial real estate services and investment firm, and Indian business chamber ASSOCHAM. As many as 4,000 luxury homes were sold in Delhi-NCR, marking a threefold increase from the previous year. Mumbai was next by clocking sales of 1,240 units, comprising 18 per cent of the total and growing 29 per cent from the previous year. Industry experts attributed the sales rise to several factors. Rising aspiration: 'India's residential market has entered a phase of strategic resilience. The standout growth of luxury and premium housing indicates rising consumer confidence and lifestyle aspirations,' said Gaurav Kumar, managing director, capital markets and land, CBRE India. Wealth preservation: High net worth individuals, ultra-HNIs and Non-Resident Indians are investing in luxury real estate to have assets that will be safe amid global uncertainties and a strong US dollar. The report said 7,300 luxury homes were launched in the first half of 2025, marking a 30 per cent increase. Delhi-NCR, Mumbai and Hyderabad accounted for over 90 per cent of these launches. 'The housing boom highlights the need for reforms that ease approvals and incentivise sustainable development. Housing is no longer just shelter; it's an engine for inclusive growth,' said Manish Singhal, secretary general of ASSOCHAM. With increasing urbanisation accelerating and disposable incomes on the rise, experts expect the luxury housing segment to remain on a strong growth trajectory.
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Business Standard
27-05-2025
- Business
- Business Standard
Bengaluru among top 12 global tech hubs as AI talent hits 1 million
Bengaluru has been named one of the top 12 global tech 'powerhouse' cities in CBRE's Global Tech Talent Guidebook 2025, joining heavyweights like San Francisco, London, Beijing, and Tokyo. The city's tech talent pool has now surpassed one million, placing it among the world's leading technology hubs out of 115 markets surveyed. The report classifies markets as Powerhouse, Established, or Emerging based on talent size, competitiveness, and cost. Bengaluru leads in India's AI talent boom Bengaluru leads India in AI talent and is emerging as a serious competitor to US tech strongholds. Between 2018 and 2023, the city's tech employment grew by 12 per cent, driven by its robust startup ecosystem, 28 unicorns, and investments in AI, data science, and product engineering. Favourable demographics also play a role: 75.5 per cent of Bengaluru's population is of working age—the fourth-highest ratio among the top 12 hubs. This segment grew by 2.4 per cent between 2019 and 2024, ensuring a sustained talent pipeline. In 2024, Bengaluru attracted 140 venture capital (VC) deals worth $3.3 billion, including 34 deals in AI. The presence of leading educational institutions and Global Capability Centres (GCCs) has helped anchor strategic functions locally. Anshuman Magazine, chairman & CEO of CBRE India, South-East Asia, Middle East & Africa, said, 'Bengaluru's rise to global tech powerhouse status reflects India's strategic depth in digital innovation and talent readiness. What's even more promising is the parallel growth unfolding in cities like Delhi-NCR, Mumbai, Ahmedabad, and Jaipur—each contributing uniquely to India's resilient tech ecosystem.' Delhi-NCR and Mumbai stand out The report also highlights Delhi-NCR and Mumbai as key innovation hubs. In 2024, Delhi-NCR closed 183 VC deals worth $1.9 billion, including 42 in AI. Mumbai recorded $4.9 billion in funding across 167 deals, making it one of India's most capital-rich corridors. Emerging cities like Ahmedabad and Jaipur are also gaining traction. Ahmedabad's growth is supported by GIFT City, expected to host 550 firms and employ over 20,000 people. Jaipur, with its strong educational base and lower costs, is attracting startups and IT firms seeking operational efficiency. AI talent drives global corporate strategy Ada Choi, head of research - APAC at CBRE, noted, 'The size and depth of a city's tech talent pool are increasingly influencing corporate location strategies and real estate demand. As companies pursue transformative technologies like AI, they are casting a wider net globally. Bengaluru and other Indian cities are well-positioned to benefit from this shift.' The report added that labour and real estate remain the largest costs for non-manufacturing tech firms. India, US lead in global AI talent Globally, AI-focused tech investment reached $129 billion in 2024. The Asia-Pacific region is home to three of the world's largest tech talent pools: Beijing, Bengaluru, and Shanghai—each with more than one million workers. India and the US continue to lead in AI development talent. As companies expand their search for cost-effective and skilled workforces, Bengaluru is increasingly seen as a strategic tech destination—not just an outsourcing hub.
Time of India
20-05-2025
- Business
- Time of India
Vaishnavi Group expands commercial real estate footprint in Bengaluru to 6 mn sq. ft.
Real estate development firm Vaishnavi Group plans to expand its commercial real estate (CRE) footprint in Bengaluru to 6 million sq. ft. over the next 3–4 years. With 2.2 million sq. ft. of existing Grade A commercial developments, the group aims to add another 3.5 million sq. ft. to cater to the growing demand for premium office spaces in the region. The expansion is part of Vaishnavi Group's larger vision to be a dominant player in South Bengaluru, where strong demand for high-quality office spaces continues to rise. The group recently completed Vaishnavi Senate, a 500,000 sq. ft. Grade A commercial office development located off the Outer Ring Road on Bannerghatta Road. Darshan Govindaraju, Executive Director at Vaishnavi Group said, "As an organisation, we are constantly exploring high-growth markets to develop Grade A assets across various real estate segments. While the Central Business District of Bengaluru has been a long-standing focus, the launch of our latest commercial project in Bannerghatta marks a significant milestone in expanding our CRE portfolio. It also reflects our commitment to offering lifestyle-centric, future-ready spaces that cater to evolving business needs and customer expectations.' A recent CBRE India Office Figures Q1 2025 report underscored Bengaluru's leadership in the Indian office market, with 4.8 million sq. ft. leased in Q1 2025. The city accounted for the highest share of gross absorption among nine major metros, followed by Delhi-NCR and Mumbai. Live Events With over 25 years of experience, 18 million sq. ft. of residential, commercial and retail developments delivered across Bengaluru and Mysore, and over 10 million sq. ft. of projects in various stages of development.
