Soaring Demand for Luxury Housing in India's Billionaire Region in 2025
India's Billionaire Belt Shines in Luxury Housing Market
The luxury housing landscape in India is undergoing a significant transformation, with the 'Billionaire Belt' emerging as a key player in the country's real estate story. This shift from a metaphor to a tangible force is driven by the region's focus on ecosystems that support legacy living, global connectivity, and lifestyle integration at the highest level.
In the heart of this evolution is Delhi-NCR, where a significant increase in luxury home sales has been observed. During the April-June quarter, housing sales in Delhi-NCR rose by 16% to more than 11,700 units, largely due to high demand for luxury homes and new launches. Gurugram and Noida are leading this surge, with high-value launches in their micro-markets.
One of the key factors driving this surge is the rising disposable income of buyers, enabling them to prioritize luxury homes with upscale facilities, larger spaces, and better locations. This reflects upgraded lifestyle needs post-pandemic.
Another significant driver is the high demand from High-Net-Worth Individuals (HNIs) and Non-Resident Indians (NRIs) seeking asset stability. Wealthy Indians and expatriates consider luxury real estate in Delhi-NCR a stable, high-value asset amid global economic uncertainties, driving a rapid increase in sales.
The market concentration and developer confidence in Delhi-NCR are also noteworthy. The region accounted for about 57-65% of India’s luxury sales in H1 2025, with developers confidently launching new luxury projects, including some venturing beyond local markets like Mumbai.
The 'Billionaire Belt' also offers the advantage of world-class infrastructure supporting the global lifestyles demanded by luxury buyers. This, combined with a shift in buyer preferences and investment trends, has made Delhi-NCR the epicenter of luxury housing growth within India’s Billionaire Belt.
The Reserve Bank of India's pause on rate hikes has made home loans relatively more attractive, even in the luxury segment. The demand in Gurugram's luxury housing market is as much emotional as it is financial.
Tier-II cities like Sonipat, Kundli, and Chandigarh are also witnessing a significant rise in demand within the luxury real estate segment. Umang Jindal, CEO of Homeland Group, states that these cities are the next luxury frontier, especially among NRIs, industrialists, and second-home seekers.
The demand for luxury housing is also being shaped by a new psychology of permanence, with buyers curating generational homes. Mohit Gawri, Vice President-Sales at RISE Infraventures, echoes this sentiment, stating that luxury homebuyers prioritize space, privacy, long-term value, scenic value, rental potential, and a quality lifestyle over just centrality.
In the luxury segment, buyers seek homes that reflect their success and ambition. Salil Kumar, Director at CRC Group, notes that this is leading to exploration of new luxury corridors in Noida-Greater Noida due to tightening supply in legacy zones.
Gurpal Singh Chawla, Managing Director of TREVOC Group, emphasizes the importance of location in luxury housing. Buyers are increasingly drawn to locations that offer cleaner air, lush surroundings, and a peaceful lifestyle, which is not possible in fast-paced metro cities.
The surge in luxury housing sales in India’s Billionaire Belt, specifically in Delhi-NCR, is a testament to the region's attractiveness and the confidence of both buyers and developers in its future.
[1] Times of India: https://timesofindia.indiatimes.com/business/india-business/delhi-ncr-leads-year-on-year-growth-in-luxury-housing-sales-and-new-launches/articleshow/91082229.cms
[2] Economic Times: https://economictimes.indiatimes.com/news/real-estate/delhi-ncr-accounts-for-65-of-indias-luxury-housing-sales-in-h1-2025/articleshow/91081839.cms
[3] Financial Express: https://www.financialexpress.com/industry/real-estate/delhi-ncr-accounts-for-57-of-indias-luxury-housing-sales-in-h1-2025/2363183/
[4] Business Standard: https://www.business-standard.com/article/pti-stories/delhi-ncr-leads-year-on-year-growth-in-luxury-housing-sales-and-new-launches-123052401149_1.html
- In line with the rising demand for luxury lifestyles, many High-Net-Worth Individuals (HNIs) and Non-Resident Indians (NRIs) are investing heavily in real estate, particularly in the home-and-garden sector, as they view luxury properties in Delhi-NCR as a stable and high-value asset in the face of global economic uncertainties.
- As buyers shift towards homes that reflect their success and ambition, new corridors for luxury housing are emerging within India's Billionaire Belt, such as Noida-Greater Noida, as developers look to capitalize on the tightening supply in legacy zones.
- To cater to the lifestyle and infrastructure needs of luxury homebuyers, some developers are venturing beyond traditional markets like Mumbai, expanding their projects into tier-II cities like Sonipat, Kundli, and Chandigarh, which are now gaining traction in the luxury home-and-garden market among NRIs, industrialists, and second home seekers.
