The 'bigger is better' and the address must me famous, say real estate industry executives
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?
The survey predicted home prices in large urban centres Mumbai, Delhi and Bengaluru rising 6.0%, 7.0% and 7.0% next year, respectively
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
The number of unsold luxury homes fell the sharpest, 24%, in the Mumbai Metropolitan region
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 homes are mostly located in upscale neighbourhoods and provide facilities like expansive decks, project amenities like swimming pools, spacious parking and terrace gardens
But ensure repair expenses don't erode initial gain; also carry out title check
The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country
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.
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
South-Central Mumbai localities in October had luxury home sales worth Rs 500 crore; demand grows for South Delhi properties
Delhi is at 27th spot while Mumbai is at 32nd position, the consultant said in its 'Prime Global Cities Index Q2 2020' report
Seoul was the weakest-performing global city in the year till September
Total value of unsold inventory in central Mumbai is estimated to be Rs 45,000 crore, while that for Mumbai city stands at Rs 83,000 crore
While Delhi luxury prices went down by 3.1 per cent
The most expensive home sold in January was a townhouse in Mayfair that fetched £15.7 million