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Demand for luxury homes, each priced Rs 10 crore and above, remained strong with sales rising 8 per cent in January-June to around Rs 12,300 crore, according to a report by India Sotheby's International Realty and CRE Matrix. Sales stood at Rs 11,400 crore in the first half of the 2023 calendar year. In the report, India Sotheby's International Realty and CRE Matrix noted that the surge at the high end of the market aligns with an ongoing bullish trend in residential property sales overall, reflecting the exuberance and confidence in the Indian economy. India Sotheby's International Realty, one of the leading transaction and advisory firms for luxury homes, and data analytics firm CRE Matrix released the report on Mumbai's luxury housing market (including both primary and secondary market) for the first half of this year on Thursday. Out of the total sales, the primary luxury segment saw sales worth Rs 8,752 crore while the secondary (resale) market saw record sales of over Rs 3,50
Realty firm Godrej Properties Ltd (GPL) on Monday said it has sold over 1,050 homes worth over Rs 3,000 crore within three days of launch of its new project at Gurugram, in Haryana. This reflects strong sales momentum in the residential segment. Gurugram has seen a number of successful launches of housing projects in the last 18 months, where apartments got sold within a matter of few days. The project 'Godrej Zenith' is located in Sector 89, Gurugram. "This is Godrej Properties' most successful ever launch in terms of the value and volume of sales achieved," the company said in a regulatory filing. This project is GPL's largest residential development in Gurugram. "The company has recorded a 473 per cent YoY (year-on-year) increase in sales in Gurugram in FY24 and has a strong launch pipeline for FY25 which includes new project launches planned in Sector 103, Sector 43, and Sector 54," GPL said. This is the second time in Gurugram, and the fourth time pan India, that GPL has rec