India luxury housing boom cuts $1 million buying power in top metros

Cities climb rankings even as space for $1 million shrinks

India’s prime residential market kept surging in 2025, pushing prices up year-on-year and shrinking how much home buyers can purchase with $1 million in Mumbai, Delhi, and Bengaluru. Yet all three cities improved their global luxury housing rankings, signaling continued wealth creation and strong demand for premium locations despite tighter affordability.