Mumbai: India’s residential real estate market continues to reflect measured and end-user-led growth at the premium end, with luxury housing accounting for only 2 per cent of total national demand, according to the latest Magicbricks PropIndex OND 2025 report. While selective traction for higher ticket-size homes was observed in cities such as Bengaluru, Thane, Pune, Chennai and Kolkata, demand at the top end remained contained, indicating limited speculative activity.
The OND 2025 data shows that interest in premium housing has been concentrated in specific urban pockets, supported by steady income growth, infrastructure upgrades and improved liveability in select micro-markets. However, this demand has not translated into a broad-based surge in luxury buying, with overall market activity continuing to be dominated by mid and upper-mid segments.
Despite price appreciation moderating across most cities during the quarter, higher ticket-size homes in select markets maintained stable absorption, suggesting cautious but consistent end-user participation. The limited share of luxury demand at a national level highlights a disciplined buying environment, where purchases are largely need-driven rather than speculative.
The findings point to a controlled expansion at the top end of the housing market, reinforcing the broader trend of balanced growth across India’s residential sector as it moves into 2026.
