The Trends and Shifting Geography of India’s Premium Housing Market Report

The luxury housing sector in India is experiencing robust growth, with high-end apartments and villas proliferating in urban centers. These properties often feature world-class amenities and architectural designs that rival global standards. The demand for such premium housing is driven not just by the wealthy Indian elite but also by a growing class of high-net-worth individuals, expatriates, and international investors recognising India’s potential for real estate appreciation.

India’s economic performance has been notable in recent decades, particularly following the economic liberalisation of 1991. This growth has propelled certain regions, particularly the western and southern states, to outperform others. According to a recent report in 2024 by the Economic Advisory Council to the Prime Minister (EAC-PM). The southern states, including Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu, collectively contribute approximately 30 percent of India’s GDP, highlighting their substantial economic influence.

This economic prosperity is reflected in the rising income levels, especially among the top 10% of earners. By 2022-23, this group, comprising roughly 92 million individuals, held a 57.7% share of the national income, with an average annual income of 1.35 million/13.5 lakhs IN₹ (~US$ 16,349). This affluent segment forms a significant target group for the luxury residential market, particularly those properties priced at or above 10 million/1 crore IN₹ (~US$ 121,103).