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Hindustan Times
11-07-2025
- Business
- Hindustan Times
Luxury housing sales surge 85% in H1 2025, Delhi-NCR leads: CBRE-ASSOCHAM report
India's luxury housing segment witnessed an 85% year-on-year (YoY) growth in the first half of 2025, with nearly 7,000 high-end residential units sold across the top seven cities, according to a joint report by CBRE South Asia Pvt. Ltd. and ASSOCHAM. India's luxury housing segment witnessed an 85% year-on-year (YoY) growth in the first half of 2025, with nearly 7,000 high-end residential units sold across the top seven cities. (Representational photo)(Pixabay) Titled 'The New Paradigm in Indian Housing', the report was launched at the CBRE-ASSOCHAM Real Estate Conference 2025, held under the theme Ease of Doing Business: Unlocking Sustainable Growth. The top seven cities are Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Hyderabad, and Chennai. Also Read: Luxury housing sales, priced at ₹4 crore and above, increase by 53% in 2024 across the top seven cities Delhi-NCR dominates with over half of all luxury sales Leading the luxury surge, Delhi-NCR clocked sales of approximately 4,000 luxury units during January–June 2025, contributing 57% share to the total luxury segment. The region also recorded a threefold increase in sales compared to the same period last year, the report said. Mumbai followed with 1,240 units sold, an 18% share, marking a 29% YoY growth. "Traditionally mid-segment dominated markets like Pune and Chennai made their presence felt, jointly contributing around 5% of the luxury housing sales in H1 2025," the report said. Between January and June, 7,300 luxury units launched The report said that in H1 2025, over 7,300 luxury units were launched, reflecting a 30% YoY increase. Delhi-NCR, Mumbai, and Hyderabad accounted for over 90% of these new launches, underscoring their continued dominance in the high-end housing market. "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. Housing is no longer just shelter, it's an engine for inclusive growth," Manish Singhal, secretary general of ASSOCHAM, said. Also Read: Bengaluru techies on home buying: Purchase a flat to live, not show; think Android, not Rolex What's leading the luxury home sale surge? The report said that the surge in luxury housing is being driven by high-net-worth individuals (HNIs), ultra-HNWIs, and non-resident Indians (NRIs). These groups are increasingly turning to premium real estate in India as a stable asset class amidst global uncertainties and a strong U.S. Dollar. Buyers are prioritising homes with exclusive amenities, long-term value, and superior construction quality. 'The remarkable rise in luxury housing, both in demand and supply, reflects a structural shift in homebuyer preferences,' said Gaurav Kumar, managing director of Capital Markets and Land, CBRE India. 'India's residential market has entered a phase of strategic resilience, supported by strong macro fundamentals and a growing focus on lifestyle, transparency, and quality.' According to the report, around 132,000 units were sold and 138,000 new units were launched across the top seven cities in H1 2025.
Time of India
07-05-2025
- Lifestyle
- Time of India
Experience-driven entertainment reshaping India's retail landscape
Live Events A new wave of experience-driven entertainment is reshaping India's retail landscape, with over 70% of consumers across age groups showing a clear preference for active, participatory shift is highlighted in the newly released CBRE & Invest India Retail Entertainment Survey 2024-25, titled 'Retail Level-Up – The Entertainment Edition.' Jointly conducted by CBRE South Asia Pvt. Ltd. and Invest survey findings reveal that activities such as bowling, amusement parks, rock climbing, escape rooms, and children's play zones rank high among consumer choices, with bowling alleys and amusement parks cited as the most frequented entertainment options. These formats outpaced passive alternatives like art exhibitions, museums, and nationwide study—based on feedback from over 700 respondents across Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai, Pune, and Kolkata—underscores the rising demand for immersive, participatory entertainment. Notably, Gen Z showed a strong preference for high streets (35%) and standalone experience centres (31%), indicating a diversification away from traditional habits also point to significant opportunity: nearly 90% of respondents expressed willingness to spend up to INR 4,000 per month on entertainment, with INR 1,000–2,000 being the most popular range. A substantial 65% of respondents preferred entertainment options that include or can be combined with food and beverage activities that respondents said they engaged in at least once every 3–4 months included stand-up comedy, gaming arcades, bowling, kids' play zones, and theme parks. Around 29% of the respondents visit an entertainment center at this frequency, showcasing a recurring interest in curated entertainment formats.'The entertainment sector's evolution is reshaping retail real estate in India,' said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE. 'Experiential formats like Family and Children's Entertainment Centres are now central to mall strategies, offering developers a clear path to future-proof assets through innovative tenant mixes.'Ram Chandnani, Managing Director, Advisory & Transaction Services, CBRE India, added, 'High-quality entertainment centres are performing equally well in metros and Tier-II cities. Developers are now focusing on placemaking through experiential dining, green zones, large-format stores, and regular community events that elevate footfall and customer engagement.'As India's retail landscape continues to evolve, the study highlights how developers and retailers must prioritize dynamic, experience-driven models to meet the growing demand for active entertainment across age groups and geographies.
