Posted by AI on 2025-07-28 11:45:17 | Last Updated by AI on 2026-09-27 02:28:12
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No longer considered a luxury, premium homes are becoming the norm for many Indian homebuyers, especially in Delhi-NCR and Bengaluru as affordable flats lose their charm.
In the first half of 2025, the sales for flats priced under 1 crore in 7 major cities, including Delhi-NCR and Bengaluru, fell by a staggering 32%. At the same time, there was a rise in demand for premium flats, costing over 1 crore, by 6%. This trend reflects a significant shift in the homebuyer preferences in these cities.
Delhi-NCR and Bengaluru, known for their high-cut-throat markets and competitive lifestyle, have always been on the list of the most expensive cities in the country. With an ever-increasing population and limited space, buyers now prioritize luxury, space, and quality over affordability.
People are willing to stretch their budget to buy a premium home. While affordable flats still account for a significant portion of the market, the focus on premium and luxury homes is only growing.
This trend is further fueled by the increasing affordability of buying premium homes through innovative financing options and the desire to own larger, more luxurious spaces in prime locations.
With a shift towards a global lifestyle, this change in consumer behavior is expected to continue, and we may see the focus on premium homes becoming the norm rather than affordable flats.
Only time will tell if this is a passing trend or the new norm.