New Delhi, March 23 -- India's premium residential landscape is witnessing significant growth, fueled by innovative designs and increasing demand for luxury living spaces in both urban centres and emerging metros.

According to ANAROCK Research, luxury housing (units priced above Rs 1.5 crore) account for almost 17 per cent of all new residential launches in India as of 2024.

Notably, tier-2 and tier-3 cities account for 12 per cent of these projects, signalling a shift in buyer preferences and market focus. Cities like Chandigarh, Ludhiana, Kochi, Indore, and Ahmedabad have emerged as strong players in the luxury real estate segment due to rapid urbanization and enhanced infrastructure.

Affluent buyers in these developing cities are se...