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Luxury housing rules the roost in price appreciation & demand in top 7 Indian cities – The Times of India
NEW DELHI: The supply-demand and price appreciation for luxury housing in India’s top seven cities has continued to outpace the same for affordable segment, according to property consultant ANAROCK. Luxury homes (costing over Rs 1.5 crore) in Delhi NCR, Mumbai MMR, Kolkata, Pune, Hyderabad and Chennai have risen 40% since 2022, while affordable housing is up by 26%, it says.“Demand for luxury homes continues to outpace that in other segments because of the consistent appetite for bigger homes by branded developers in superior locations. Our data finds that of the total sales of about 2.9 lakh units in the top 7 cities in the first nine months of 2025, nearly 30% was in the luxury segment. This is particularly remarkable as home prices have surged nationwide due to increased input costs and strong demand in the last few years,” said ANAROCK group chairman Anuj Puri.
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“Prices of these homes in the top seven cities in 2022 averaged out at about Rs 14,530 per square feet. At this point in 2025, they have risen to about Rs 20,300 per sq ft. In these cities, Delhi-NCR’s luxury segment saw the highest jump of 72% in three years – from about Rs 13,450/ sq. ft. in 2022 to about Rs 23,100/sq ft as on date in 2025. At 43%, MMR came in second highest in this budget segment, followed closely by Bengaluru with a 42% increase,” he added.According to ANAROCK, the average price in MMR in the Rs 1.5 crore category back in 2022 was Rs 28,044/sq ft and currently it is Rs 40,200/sq ft. In Bengaluru, the average price of luxury homes in 2022 stood at Rs 11,760/sq ft and now it is Rs 16,700/sq ft.
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Affordable homes — units priced under Rs 40 lakh — saw a modest average price appreciation of 26% in this period. The average price in this category across the top seven cities was Rs 4,220/sq. ft. in 2022. Currently, it averages out at INR 5,299/sq. ft.“At 48%, NCR saw the highest average price jump in the luxury segment – from Rs 3,520/sq ft in 2022 to Rs 5,200 per sq ft in 2025. Budget homes in Hyderabad saw the second-best price appreciation of 35% in this period – from Rs 3,880/sq. ft. in 2022 to Rs 5,235/sq. ft. currently. Notably, the current average affordable prices in Delhi-NCR are slightly lower than in Hyderabad,” says ANAROCK.The current trends indicate luxury segment’s growth trajectory is “eminently sustainable” since it is driven by India’s increasing number of HNIs and ultra-HNISs. The steady appreciation in luxury property values, combined with India’s growing wealth creation and economic stability, also creates a strong foundation for protracted growth in this segment.“The affordable housing segment continues to lag amid lacklustre demand and sales, which eventually also reflect in its modest 26% average price growth. Mid-range and premium segment homes, priced between Rs 40 lakh and Rs 1.5 crore together saw their average price rise 39% across the top 7 cities in this period – from Rs 6,880 per sq ft in 2022 to Rs 9,537 per sq ft in 2025,” ANAROCK says.“NCR is a standout performer in almost all real estate segments in terms of price appreciation, and the appetite for luxury housing here has been remarkable. The fact that it notched up the highest price appreciation of a whopping 72% in the luxury category, 54% in mid-range and premium, and 48% in the affordable segment aligns with the all-round overperforming market dynamics in the region,” Puri added.
UK inflation lifted to its highest since December after a sharp jump in diesel and petrol prices caused by the conflict in the Middle East, according to official figures.
Chancellor Rachel Reeves said the Iran crisis was “not our war, but it is pushing up bills for families and businesses” as a result.
The rate of Consumer Prices Index (CPI) inflation increased to 3.3% in March from 3% in February, the Office for National Statistics said.
The increase was in line with predictions from economists.
Higher motor fuel was the main driver of the acceleration in inflation, increasing by 8.7% month-on-month – the largest increase since June 2022, shortly after the Russian invasion of Ukraine.
The ONS found that the average price of petrol rose by 8.6p per litre between February and March to 140.2p per litre. This marked the highest price since August 2024.
Diesel prices meanwhile increased by 17.6p per litre in March to an average of 158.7p per litre, the highest price since November 2023.
Office for National Statistics chief economist Grant Fitzner said: “Inflation climbed in March, largely due to increased fuel prices, which saw their largest increase for over three years.
“Air fares were another upward driver this month, alongside rising food prices.
“The only significant offset came from clothing costs, where prices rose by less than this time last year.”
The data revealed that the cost of air travel also increased significantly, with inflation of 14.5% compared with the same month last year.
The rise in air fares, which analysts have partly linked to the early timing of the Easter holidays, was the highest since July last year.
Meanwhile, food and non-alcoholic drink prices were up 3.7% year-on-year in March, accelerating from 3.3% inflation in the previous month.
This included another acceleration in the price of sweets and chocolates, which were up 10.6% year-on-year.
Elsewhere, clothing and footwear had a downward pressure on inflation, as prices dipped 0.8% for the month.
Sales and discounting activity pulled inflation in the category to its lowest level since March 2021.
The rise in the overall rate of inflation drives the UK further away from the 2% inflation target set by the Government and the Bank of England.
Ms Reeves said: “We’re acting to protect people from unfair price rises if they occur to bring down food prices at the till, and are boosting long-term energy security — building a stronger, more secure economy.”
James Smith, developed markets economist at ING, said: “The latest rise in UK headline CPI tells us virtually nothing about the scale and duration of the inflation wave to come.
“The Bank of England is still flying blind, with the conflict unresolved, but the limited amount of survey data available so far suggests little cause for alarm on inflation.”
Anna Leach, chief economist at the Institute of Directors, said: “As inflation has come in in line with revised expectations, and given yesterday’s labour market data which showed a fall in vacancies and further downward progress in wage growth, interest rates should hold at next week’s MPC (Monetary Policy Committee) meeting.
“But there remains tremendous uncertainty over the outlook for energy supply and prices.”
The Manx treasury says plans are in place to protect essential services in the wake of the Iran war.
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Malaysia-based Karex produces more than five billion condoms a year and supplies global brands like Durex and Trojan.
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