The consultant conducted a survey of nearly 700 high-net-worth individuals (HNIs) and ultra-HNIs to assess their sentiments towards India’s economic growth prospects, their investment strategies and prospects for the luxury housing market.
In its latest report, ‘The India Luxury Residential Outlook 2026’, released on Sunday, India Sotheby’s International Realty (ISIR) mentioned that as many as 67 percent of HNIs and UHNIs remain firmly optimistic about India’s growth story despite global headwinds.
In terms of economic outlook, 72 percent of HNIs and UHNIs expect GDP growth to remain within the range of 6 to 7 percent in FY27.
When asked whether the current strength in the luxury residential real estate market would decline in the period 2026-2027, the survey found that 56 percent answered in the affirmative.
“Sentiment points to a cooling in the market, with more than half expecting a moderation in the outlook for luxury real estate in FY27,” the report said.
Amit Goyal, Managing Director, ISIR, noted that India’s luxury home market performed well in major cities like Delhi-NCR Mumbai, Goa and Alibaug by 2025.
“The year 2026 started with quiet confidence, after a defining year for the Indian luxury real estate market,” he added.
Goyal highlighted that buyer composition has also evolved meaningfully.
“In addition to established business families, a new generation of wealth creators – startup founders, next-generation entrepreneurs and senior professionals – entered the market, supported by strong stock gains and a record IPO cycle,” he said.
ISIR is one of the leading real estate advisors for luxury real estate.
Ashwin Chadha, CEO of ISIR, said: “India’s growth and wealth creation have evolved overnight, enabling a strong and sustained luxury real estate boom, supported by resilient capital markets and increasing income formalization.” With over 350 billionaires controlling nearly $2 trillion in wealth, the demand for custom homes remains structural, not cyclical.
“The momentum continues, but in moderation,” Chadha said.
One of the other findings from the survey is that 67 percent of wealthy investors expect real estate returns of up to 15 percent on an annual basis.
The report states that 53 percent of respondents invested in luxury real estate for capital growth, while 47 percent purchased for their own use.
Commenting on the report, Aakash Ohri, Managing Director and Chief Business Officer, DLF Home Developers Ltd said, “The idea of luxury real estate in India has evolved remarkably. Lifestyle and amenities are no longer optional; they are central to the living experience. Today’s affluent buyer is not just looking for a home, but an ecosystem that reflects global living standards and offers convenience, efficiency and everyday indulgence.” Luxury homes are now largely price inelastic, he added.
Sidharth Chowdhry, Managing Director of Dalcore Projects Pvt Ltd, said luxury real estate in India is undergoing a paradigm shift, moving from traditional notions of opulence to a more evolved definition that focuses on design history, brand credibility and curated living.
He noted that branded properties in India command a premium of 30 to 40 percent over non-branded properties.
Published on January 25, 2026
#Indias #luxury #housing #market #cool #FY27 #ISIR #survey #HNIs