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Luxury homes worth $30 bn launched in 4 yrs

The residential market is currently going through slow demand, although growth for luxury housing is moderate, giving buyers the opportunity to negotiate

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The total value of , launched in 2008-2012 was worth US $30 billion, says a Jones Lang LaSalle report. The luxury homes were launched in 182 residential apartments, offering a total space of 25,570 units. These apartments were launched across NCR-Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata.

However, metros like NCR-Delhi, Mumbai, Bangalore and Chennai are leading in terms of market share of these launches, with NCR-Delhi leading (at 44% of the total), followed by Mumbai (21%), Bangalore (11%) and Chennai (10%).

The is currently going through a phase of , although growth for luxury housing looks moderate, giving buyers the opportunity to negotiate.

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