India's Luxury Real Estate Market Grows Amid Rising Wealth and Buyer Caution

India's luxury real estate market is experiencing significant growth, driven by rising wealth and changing buyer preferences. Premium homes priced above Rs 1 crore accounted for half of residential sales in top cities in 2025, reflecting increased demand for high-end properties offering lifestyle benefits, privacy, and long-term value. While affluent buyers view luxury homes as strategic investments and restorative spaces, many middle-class families remain cautious due to trust issues with developers and concerns over delays and hidden costs. The market shows a clear shift towards premium housing amid limited supply and steady price appreciation.