India’s Residential Real Estate Market Eyes 12% Growth Amid Surging Luxury Housing Demand
The winds of change are sweeping through India's residential real estate sector. In a landscape long dominated by affordable housing headlines and policy reforms, a new growth story is emerging—one driven by rising demand for luxury homes and sustained developer strength. According to a recent CRISIL Ratings report, India’s residential real estate market is poised for a steady 10–12% annual sales growth in value terms over the next two years, with luxury housing accounting for a major portion of this upswing. So, what’s fueling this transformation—and more importantly, what does it mean for investors, developers, and homebuyers? A Shift in the Market: Premium Homes Are Taking the Lead For years, the affordable and mid-income segments were the backbone of India’s housing market. But the pandemic, changing lifestyles, and rising disposable incomes have reshaped that narrative. Buyers today are not just seeking shelter — they want larger spaces, better a...