India Luxury Residential Market Set to Hit USD 102 Billion

India's luxury residential market is projected to grow from USD 38.02 billion in 2024 to USD 101.92 billion by 2029. This expansion is driven by a trend where affluent families purchase multiple apartments within a single development to facilitate multi-generational living, allowing different generations to stay connected while maintaining individual privacy.

Real estate developers including DLF, TARC, and Oberoi Realty report high demand for adjacent residences or entire floors. In September 2025, four ultra-luxury apartments at DLF's The Camellias were registered for more than Rs 270 crore, with buyers including the promoters of Dhanuka Agritech. Market data indicates that homes priced above Rs 100 crore experienced a 14 percent price increase.

Mumbai and Gurugram remain the primary hubs for these transactions, while Hyderabad is emerging as a key market in Jubilee Hills and Banjara Hills. Non-Resident Indians provided significant support to the sector, investing approximately USD 13.1 billion in 2023.