Luxury Home Prices

Luxury home sales surge 37.8% across top seven cities in Jan-Sept 2024

Overall, about 225,000 units were sold across the top seven Indian cities during the period, says CBRE

Sale of Mumbai luxury homes, priced over Rs 10 cr, up 8% to Rs 12,300 cr

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

Krisumi to invest Rs 2,000 crore for 1,051 new luxury homes in Gurugram

The project will have a total developable or built-up area of 2.3 million square feet. It is expected to be completed in December 2029

Home prices to rise steadily, affordable housing to be scarce: Poll

Economic growth in India, Asia's third-largest economy is expected to continue outpacing its major peers

Godrej Properties sells 1,050 luxury homes for over Rs 3K cr in Gurugram

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

Top 10 cities with the biggest rise in luxury home prices in Q4 2023

Despite high prices, more Indians want to buy a 3 BHK home: FICCI-Anarock

This is despite the fact that 55% of Indians believe their disposable income had been 'majorly' impacted by inflation

Address to amenities: What to look for when you buy a luxury apartment?

The 'bigger is better' and the address must me famous, say real estate industry executives

Realty reality: Will luxury housing in India lose its sheen in 2024?

Luxury housing in India witnessed a record-breaking year in 2023 as the sales of such homes touched an all-time high. Now, is the demand for these costlier homes likely to continue in 2024 as well?

India home prices to outstrip inflation, driven by high end of market: Poll

The survey predicted home prices in large urban centres Mumbai, Delhi and Bengaluru rising 6.0%, 7.0% and 7.0% next year, respectively

Suraksha Realty directors buy Rs 100 cr sea-facing luxury flats in Worli

The brothers have bought the top-floor apartments in the super luxury project Naman Xena, located on the 26th and 27th floors of the tower

Unsold inventory of homes priced above Rs 2.5 cr down, says Anarock

The number of unsold luxury homes fell the sharpest, 24%, in the Mumbai Metropolitan region

Home prices costlier by 8% in India, Delhi-NCR sees steepest hike of 16%

Delhi-NCR saw the highest increase in residential prices at 16% year-on-year, followed by Kolkata and Bengaluru with 15% and 14% increase, respectively.

Luxury housing fuelling growth in Indian realty market, say experts

Luxury homes are mostly located in upscale neighbourhoods and provide facilities like expansive decks, project amenities like swimming pools, spacious parking and terrace gardens

Older house can offer price and location advantage, say experts

But ensure repair expenses don't erode initial gain; also carry out title check

At home in super luxury: the rise of a real estate trend

The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country

Sales of Mumbai house priced above Rs 10 cr double to Rs 20,255 cr: Report

Sales of luxury homes priced over Rs 10 crore in Mumbai jumped more than two-fold during 2021 at Rs 20,255 crore, on the back of low interest rates on home loans and increased demand for bigger flats.

What sets luxury apart from premium in the residential realty market

Luxury housing isn't just about the Italian marble or German modular kitchen. It embraces impeccable amenities, flawless maintenance, high-speed lifts, tight security, an efficient concierge and more

Luxury apartment sales make a comeback in big cities; stamp duty cut helps

South-Central Mumbai localities in October had luxury home sales worth Rs 500 crore; demand grows for South Delhi properties

Price appreciation of luxury property: Bengaluru ranked 26th in the world

Delhi is at 27th spot while Mumbai is at 32nd position, the consultant said in its 'Prime Global Cities Index Q2 2020' report