高級住宅不動産のインド市場：物件タイプ別、価格帯別、地域別、機会、予測、2019年～2033年

インドの高級住宅不動産市場は、2026～2033年の予測期間中にCAGR 6.12％を記録し、2025年の278億7,000万米ドルから2033年には448億2,000万米ドルに成長すると予測されています。同市場は近年の大幅な動向に加え、大規模な建設プロジェクトによる高級不動産開発投資の増加により、今後も拡大を維持すると予想されます。高級住宅への投資が増加し、贅沢なライフスタイルへの関心が高まっていることから、インドの高級住宅不動産市場は今後数年で拡大すると予想されます。

インドでは、デリー、プネー、ムンバイ、グルグラム、バンガロールといったインドの主要都市が拡大と発展を続けており、都市化が成長に決定的な役割を果たしています。高級住宅プロジェクトは、単に住宅を購入するだけでなく、充実した生活体験を求める購入者のライフスタイルに対応するために出現しています。開発業者は、目の肥えたインドの顧客にアピールするため、高級アメニティや個別サービスを提供するラグジュアリー空間の創造に注力しています。

もう一つの大きな要因は、非居住インド人（NRI）からの投資の流入です。多くのNRIは、インドの高級不動産を安全な投資とみなし、有形資産を提供すると同時に、母国とのつながりを維持する役割も果たしています。多くのNRIや富裕層が、ハリヤナ州グルグラムのDLF社などの開発業者が提供する高級マンションに関心を示しています。

例えば、2024年1月、DLF Limitedはインドのグルグラムで、プロジェクトのプレローンチからわずか3日で1,113戸の高級フラットの販売に成功しました。これは、グルグラムで1年以内に2件目の高級住宅プロジェクトが成功したことを意味し、スマートな設備を備えた高級住宅への関心の高さを浮き彫りにしています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 米国の関税の影響

第4章 エグゼクティブサマリー

第5章 お客様の声

• 購入決定時に考慮される要素
  • 立地と独占性
  • 高級不動産におけるAIの統合
  • プライバシー、セキュリティ、ライフスタイル
  • 投資価値と資産保全

第6章 インドの高級住宅不動産市場の展望、2019年～2033年

• 市場規模分析と予測
  • 金額別
• 市場シェア分析と予測
  • 物件タイプ別
    • ヴィラ
    • アパート/マンション
    • 一戸建て住宅
    • その他
  • 価格帯別
    • 100万～500万米ドル
    • 600万～1,000万米ドル
    • 1,000万米ドル超
  • 地域別
    • 北部
    • 南部
    • 東部
    • 西部と中央部
  • 企業別の市場シェア分析（上位5社・その他 - 金額ベース、2025年）
• 市場マップ分析、2025年
  • 物件タイプ別
  • 価格帯別
  • 地域別

第7章 ポーターのファイブフォース分析

第8章 PESTLE分析

第9章 価格分析

第10章 市場力学

• 市場促進要因
• 市場の課題

第11章 市場動向と発展

第12章 ケーススタディ

第13章 競合情勢

• 市場リーダー上位5社の競合マトリックス
• トップ5プレーヤーのSWOT分析
• 市場トップ10の主要企業の情勢
  • DLF Limited
  • Oberoi Realty Limited
  • Godrej Properties Limited（GPL）
  • Macrotech Developers Limited
  • Embassy Developments Limited
  • Brigade Group
  • Omaxe Limited
  • Hiranandani Communities
  • Prestige Estates Projects Limited
  • Sobha Limited

第14章 戦略的提言

第15章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Luxury Residential Real Estate Market, By Value, In USD Billion, FY2019-FY2033F
• Figure 2. India Luxury Residential Real Estate Market Share (%), By Property Type, FY2019-FY2033F
• Figure 3. India Luxury Residential Real Estate Market Share (%), By Price Range, FY2019-FY2033F
• Figure 4. India Luxury Residential Real Estate Market Share (%), By Region, FY2019-FY2033F
• Figure 5. By Property Type Map-Market Size (USD Billion) & Growth Rate (%), FY2025
• Figure 6. By Price Range Map-Market Size (USD Billion) & Growth Rate (%), FY2025
• Figure 7. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2025

India luxury residential real estate market is expected to witness a CAGR of 6.12% during the forecast period FY2026-FY2033, growing from USD 27.87 billion in FY2025 to USD 44.82 billion in FY2033. The market has experienced substantial growth in recent years and is expected to maintain an expansion in the coming years and owing to increasing investment in the development of luxury real estate properties due to large construction projects. Rising investment in luxury homes and increasing interest towards luxury lifestyle is expected to boost India luxury residential real estate market in upcoming years.

In India, urbanization playing a decisive role in growth, as major Indian cities such as Delhi, Pune, Mumbai, Gurugram and Bangalore continue to expand and develop. Luxury residential projects are emerging to meet the lifestyle of buyers who seek not just a home but a complete good experience living package. Developers are focusing on creating luxury spaces that offer exclusive amenities and personalized services, appealing to discerning Indian clients.

Another significant factor is the influx of investments from non-resident Indians (NRIs). Many NRIs view luxury properties in India as a secure investment, providing a tangible asset while also serving to maintain a connection to their homeland. Many NRI's and High Net Worth Individuals are showing interest in luxury flats provided by developers such as DLF Limited in Gurugram, Haryana.

For Instance, in January 2024, DLF Limited successful sale of 1,113 luxury flats in Gurugram, India in just three days after the project's pre-launch. This marks the second successful luxury residential project launch in the Gurugram within a year, highlighting the strong interest in luxury flats with strong smart amenities.

High Urbanization Growth Rate in India

High urbanization rate in India is having an intense impact on the India luxury residential real estate market. As more people migrate to metro cities in search of better job opportunities and for business expansion and better living conditions, the demand for luxury homes has significantly increased year by year and influencing home buyers for spacious and well-located properties that offer a high standard of living with prime locations and with smart technologies in homes.

Urbanization brings improved infrastructure, including better roads, public transportation, and essential services. This enhanced connectivity and convenience make luxury living in cities even more appealing, as residents can easily access their workplaces, entertainment facilities, and recreational facilities. Rapid urbanization is driving a significant transformation in India's luxury residential real estate market. For instance, in September 2024, Godrej Properties Limited (GPL) announced its successful bid to develop two luxury group home plots in Gurugram, Haryana.

Apartments/Condominiums Segment Dominates the India Luxury Residential Real Estate Market

The rising interest of millennials and Gen Z generation in luxury apartments and homes is a key region for the dominance of apartments/condominiums segment and further it is also acting as a major driver of luxury real estate development. Millennials and Gen Z generation are increasingly seeking high-quality living spaces that reflect their lifestyle and life values in the Indian society. One main factor driving this trend is the desire for unique experiences of luxury properties and modern amenities. Millennials and Gen Z prioritize living environments that offer more than just shelter. They want stylish, well-designed spaces that enhance their quality of life and overall living experience. This includes modern amenities, open layouts, and community features such as fitness centers, rooftop gardens, and social areas that foster connections in the rich society.

Many millennials and Gen Z individuals are drawn to eco-friendly homes that feature sustainable materials, energy-efficient appliances, and green spaces. This emphasis on environmental responsibility is influencing developers to integrate sustainable practices into luxury apartment designs. They often prefer locations in vibrant city centers or trendy neighborhoods where they can access entertainment, dining, and cultural experiences. The combination of luxury and prime location makes these homes particularly attractive in Indian society.

For instance, in August 2024, Godrej Properties Limited (GPL) announced the acquisition in Khalapur, Maharashtra of a 90-acre land, just three days after securing two plots in Greater Noida in an e-auction, which shows the developers interest to meet the growing demand of luxury homes in India.

Reat Estate Property for Rental Income and Social Status

Currently Indians are investing in real estate for rental income, and it has become an appealing strategy for many individuals seeking financial stability and social status. Real estate not only offers the potential for steady income but also serves as a tangible asset that can enhance the overall social standing in society and help to create overall wealth for family.

Owning rental properties provides a reliable source of income in India. Investors can benefit from monthly rent payments, which can contribute to covering mortgage costs, property maintenance, and even generate good number of profits, even in covid time rental income continues and never stop like other sources of income. This passive income stream allows investors to build wealth over time, making real estate an attractive investment compared to other forms of investment. Real estate also allows for diversification of an investment portfolio. By including rental properties, investors can spread risk across different asset classes, reducing reliance on traditional investments like stocks and bonds. This diversification can be particularly appealing during economic downturns, as real estate can provide more stability.

For instance, in 2024, Godrej Properties Limited (GPL) acquired 12 land parcels during the April-December period of this fiscal year, to develop housing projects worth USD 2.83 billion, and plans to buy more in the ongoing quarter to expand business amid strong consumer demand.

West and South India is Leading Luxury Residential Real Estate Market

The luxury residential real estate market in the West and South India is mainly driven by the continued growth of the service sector, IT sector, thriving businesses, high number of high net worth individuals, and the increasing rate of industrial activities. This expansion is attracting significant professionals and their families, creating a robust demand for high-end housing. Cities such as Mumbai, Pune, Bengaluru, and Hyderabad, the IT sector among few other sectors, has seen explosive growth and continues growing. These cities are home to numerous tech companies and startups, leading to a surge in high-paying jobs. As a result, many professionals are looking for luxury apartments and homes that offer modern amenities and a convenient lifestyle close to their workplaces. The demand for upscale residential options has prompted developers to focus on creating high-quality projects in these key areas.

For Instance, in January 2024, Shapoorji Pallonji and Company Private Limited launched a total of 276 luxury homes with smart facilities in Pune, Maharashtra with an estimated sales value of around USD 71.86 million.

Future Market Scenario (FY2026 - FY2033F)

Increasing Investment from NRI's in Indian metropolitan cities such as Mumbai, Gurugram, Pune and Delhi are expected to drive overall India luxury residential real estate market in future.

Boom of IT industry and increasing numbers of startups in India resulting in growing overall number of employees shifting in big cities to work and settle with family. It is making a positive impact on growth of India luxury residential real estate market.

Increasing rate of urbanization and high interest of GEN Z generation towards luxury lifestyle is expected to thrive Indian market.

Heavy investments and large luxury construction projects by top real estate companies such as DLF Limited and Oberoi Realty Limited in India are also driving the demand.

Key Players Landscape and Outlook

Companies in the market are investing in different activities to advance the luxury residential real estate sector in India. Companies are highly investing on large luxury housing projects in metropolitan cities and acquiring land from government to build high class infrastructure. In addition, key participants are efficiently engaged to promote luxury houses. Furthermore, companies are adopting different growth strategies including partnerships, joint ventures, collaborations, mergers and acquisitions and expanding business in India.

For Instance, in January 2024, DLF Limited entered into an agreement to acquire 29-acre land from government in Gurugram to build luxury properties.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of the U.S. Tariffs

4. Executive Summary

5. Voice of Customers

• 5.1. Factors Considered in Purchase Decisions
  • 5.1.1. Location and Exclusivity
  • 5.1.2. AI Integration in Luxury Real Estate Property
  • 5.1.3. Privacy, Security and Lifestyle
  • 5.1.4. Investment Value and Wealth Preservation

6. India Luxury Residential Real Estate Market Outlook, FY2019-FY2033F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Property Type
    • 6.2.1.1. Villas
    • 6.2.1.2. Apartments/Condominiums
    • 6.2.1.3. Single Family House
    • 6.2.1.4. Others
  • 6.2.2. By Price Range
    • 6.2.2.1. USD 1 Million to 5 Million
    • 6.2.2.2. USD 6 Million to 10 Million
    • 6.2.2.3. USD Above 10 Million
  • 6.2.3. By Region
    • 6.2.3.1. North
    • 6.2.3.2. South
    • 6.2.3.3. East
    • 6.2.3.4. West and Central
  • 6.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2025)
• 6.3. Market Map Analysis, FY2025
  • 6.3.1. By Property Type
  • 6.3.2. By Price Range
  • 6.3.3. By Region

7. Porter's Five Forces Analysis

8. PESTLE Analysis

9. Pricing Analysis

10. Market Dynamics

• 10.1. Market Drivers
• 10.2. Market Challenges

11. Market Trends and Developments

12. Case Studies

13. Competitive Landscape

• 13.1. Competition Matrix of Top 5 Market Leaders
• 13.2. SWOT Analysis for Top 5 Players
• 13.3. Key Players Landscape for Top 10 Market Players
  • 13.3.1. DLF Limited
    • 13.3.1.1. Company Details
    • 13.3.1.2. Key Management Personnel
    • 13.3.1.3. Products and Services
    • 13.3.1.4. Financials (As Reported)
    • 13.3.1.5. Key Market Focus and Geographical Presence
    • 13.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 13.3.2. Oberoi Realty Limited
  • 13.3.3. Godrej Properties Limited (GPL)
  • 13.3.4. Macrotech Developers Limited
  • 13.3.5. Embassy Developments Limited
  • 13.3.6. Brigade Group
  • 13.3.7. Omaxe Limited
  • 13.3.8. Hiranandani Communities
  • 13.3.9. Prestige Estates Projects Limited
  • 13.3.10. Sobha Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

14. Strategic Recommendations

15. About Us and Disclaimer