India’s residential real estate market is witnessing a significant shift towards premium housing, with homebuyers increasingly investing in higher-value properties. According to a recent JLL report, sales of homes priced between ₹1.5 crore and ₹3 crore jumped 58% year-on-year during the first half of 2026, making it the fastest-growing housing segment in the country.
Overall residential sales across India’s seven major cities grew 3% to over 1.38 lakh units, while new project launches increased by 9%, reflecting continued confidence among developers. Premium homes priced above ₹1 crore now account for nearly 71% of all residential sales, compared to 62% during the same period last year. At the same time, demand for homes priced below ₹1 crore continued to decline, indicating changing buyer preferences and higher purchasing power.
Among the leading markets, Bengaluru recorded the highest sales volume, while Chennai emerged as the fastest-growing city in terms of percentage growth. Delhi-NCR also posted steady gains, whereas Pune, Hyderabad, Mumbai and Kolkata witnessed slight declines in sales.
Industry experts believe this trend reflects rising aspirations, better affordability among high-income buyers and growing demand for spacious, premium homes with modern amenities. As residential property prices continue to appreciate across major cities, the premium housing segment is expected to remain the primary driver of India’s real estate market in the coming months.
