Premium Homes Above Rs 1 Crore Account for 50% of India Housing Sales in 2025: Knight Frank

Knight Frank India, in its latest report on India’s office and residential market, has highlighted a major shift in the housing sector, with homes priced above Rs 1 crore accounting for 50 percent of total residential sales across the top eight cities in 2025.

Out of 3,48,247 units sold during the year, 1,75,091 units were in the Rs 1 crore-plus category, marking a 14 percent year-on-year increase. The data reflects a clear transition in buyer preference toward premium housing, even as overall annual sales remained stable at elevated levels.

In contrast, the sub-Rs 50 lakh segment recorded a sharp 17 percent decline, with sales falling to 73,694 units in 2025. This category now represents just 21 percent of total sales, compared to nearly 37 percent in 2022. The mid-segment, priced between Rs 50 lakh and Rs 1 crore, also declined 8 percent year-on-year to 99,422 units, indicating continued moderation in demand below the Rs 1 crore price bracket.

Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India, said, “The fact that homes priced above INR 1 crore now constitute half of total residential sales is a defining milestone for the sector. Demand is increasingly being led by financially secure end-users upgrading to better-quality homes. Improved affordability metrics, rising incomes and long-term urban confidence have enabled buyers to move up the value curve, reshaping the composition of demand.”