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Housing Index in India increased to 122 points in the first quarter of 2025 from 120 points in the fourth quarter of 2024. This dataset provides - India NHB Residex - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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India Luxury Furniture Market size was valued at USD 3.27 Billion in 2024 and is projected to reach USD 4.79 Billion by 2032, growing at a CAGR of 4.88% from 2026 to 2032.
Key Market Drivers:
Rapid Growth of High-Net-Worth Individuals (HNWIs): The growing expansion of high-net-worth individuals (HNWIs) in India is pushing up demand for luxury furniture and premium home goods. According to the Reserve Bank of India's (RBI) Household Finance Report 2023, the number of dollar millionaires in India increased by 32.7% in 2023, to 796,000. The growing affluent population has resulted in increased spending on luxury home décor and furnishing products.
Booming Luxury Real Estate Sector: The booming luxury real estate market in India's major cities is driving significant demand for high-end furniture. According to the National Housing Bank (NHB) RESIDEX, luxury home sales in India's top eight cities climbed by 84% in 2023, with over 65,000 luxury units sold for more than INR 1.5 crore apiece.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Housing Index in India increased to 122 points in the first quarter of 2025 from 120 points in the fourth quarter of 2024. This dataset provides - India NHB Residex - actual values, historical data, forecast, chart, statistics, economic calendar and news.