Why Everyone in India Suddenly Wants a ₹1 Crore Home
India’s housing market in 2025 is no longer just about affordable flats or small 2BHKs. The real buzz is around premium homes—and the numbers prove it.
According to JLL, 62% of all residential sales in the first half of 2025 were homes priced ₹1 crore and above. That’s a big jump from 51% during the same period in 2024. Another report by Knight Frank confirms the trend, showing that 49% of homes sold in H1 2025 were above ₹1 crore, marking a 17% year-on-year growth in the premium housing segment.
So, what’s really going on? Why are more Indians now chasing crorepati homes instead of budget apartments?
Delhi-NCR and Bengaluru Lead the Race
Among Indian cities, Delhi-NCR saw the sharpest rise in home prices (+17%), while Bengaluru followed closely at +14%. This shows that people in these metros are ready to pay more for bigger spaces, better amenities, and premium lifestyles.
From Affordability to Aspiration
For years, Indian real estate was driven by affordability. But now, buyers—especially millennials and upper-middle-class families—are looking at homes as a symbol of aspiration, status, and lifestyle. Bigger balconies, modern interiors, private amenities, and premium locations are now “must-haves” instead of luxuries.
Why the Shift Towards Premium Homes?
- Rising incomes and job growth in sectors like IT, finance, and startups.
- Post-pandemic lifestyle changes, with people valuing spacious, high-quality homes.
- Investment mindset, as luxury properties in prime areas are seen as safer, long-term assets.
- Developers focusing on luxury projects, offering world-class amenities and better community living.
The Takeaway
India’s real estate is no longer just about owning a house—it’s about owning the right kind of house. Premium and luxury homes are now setting the tone, showing that the market is moving beyond affordability towards aspiration and long-term value.
If this trend continues, the next few years may redefine what “homeownership” means for India’s growing middle and upper-middle class.
👉 To stay updated on real estate trends, news, and insights, check out IREADA – Empowering Real Estate Agents, Builders, and Developers to Transform, Innovate, and Lead the Future of Real Estate in India.
