Archive · 8 Aug 2025
AI Reveals Shifting Homebuyer Preferences: ₹50L-₹1Cr Homes Top
The housing market is changing.
Homes costing between ₹50 lakh and ₹1 crore are the most popular.
Fewer people are buying cheaper homes.
More people want expensive houses.
It takes a little longer for people to buy a house now, but luxury homes are selling fast.
Companies are using AI to predict what buyers want and help them find it.
Homes priced ₹50 lakh–₹1 crore are the most popular, accounting for 35% of demand in 2024.
Demand for homes under ₹25 lakh decreased from 16% in 2022 to 14% in 2024.
Homes priced above ₹1 crore saw a surge in popularity, reaching 32% of the market in 2024.
The average time from inquiry to booking increased slightly from 25 days in 2022 to 28 days in 2024.
Luxury homes have a significantly shorter booking time, averaging 16 days.
- Who
- Homebuyers and ANAROCK, a real estate consultancy.
- What
- Shifts in homebuyer preferences and market trends in the Indian real estate market.
- When
- 2022 to 2024.
- Where
- India.
- Why
- To understand changes in buyer behavior and market dynamics, and to improve conversion efficiency.
- Popular Price Range (2024)
- ₹50 lakh - ₹1 crore
- Market Share of ₹50L-₹1Cr Homes (2022)
- 28%
- Market Share of ₹50L-₹1Cr Homes (2024)
- 35%
- Increase in Demand for ₹1+ Cr Homes (2023-2024)
- 18% to 32%
- Average Inquiry to Booking (2022)
- 25 days
- Average Inquiry to Booking (2024)
- 28 days
- Luxury Property Booking Time
- 16 days
Sources
Rs 50 lakh–1 cr homes emerge as top choice, ANAROCK data shows changing buyer trends
Budget homes' demand drops as homes priced between Rs 50 lakh and Rs 1 crore predominate from 2022 to 2024