Page 3 - Luxury Homes

Wealthy Indians tap into bathroom luxury with $18,500 smart toilets

India is emerging as a hotspot for Kohler, Toto and Hansgrohe, the German manufacturer renowned for its taps and showers

Sale of luxury homes, priced Rs 4 cr and above, rises 53% in 2024: CBRE

Luxury homes, each costing Rs 4 crore and above, were in much demand last year with sales rising 53 per cent to 19,700 units across seven major cities, according to CBRE. In the 2023 calendar year, the sales of housing units, each priced Rs 4 crore and above, stood at 12,895 units. Sales of luxury homes in this price category were maximum in Delhi-NCR at 10,500 units during 2024 as compared to 5,525 units in the preceding year. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "The residential real estate market is driven by strong fundamentals underpinned by robust end-user demand. We expect this momentum to continue, with both sales and new housing unit launches to remain steady in the coming quarters." Furthermore, Magazine noted that many cities traditionally associated with mid-end developments, such as Noida, Bengaluru, Pune, and Chennai, are increasingly witnessing a shift towards high-end projects. Commenting on the report, ..

ASK Property, India Sotheby's launch Rs 1,000 cr fund for luxury housing

ASK Property Fund and India Sotheby's International Realty on Tuesday announced the launch of a Rs 1,000-crore equity fund for making investments in luxury residential projects. In a joint statement, ASK Property Fund and India Sotheby's International Realty said they have done a "strategic collaboration to launch India's first luxury real estate investment platform ASK Curated Luxury Assets Fund". ASK Property Fund is the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group. ASK Curated Luxury Assets Fund is registered with the Securities and Exchange Board of India as a Category II Alternative Investment Fund under the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations). The purpose of this fund is to invest in residential projects in India in the luxury segment, the statement said. The fund's objective is to generate superior risk-adjusted returns for investors by investing in high-end residential projects in top cities, .

DLF to invest Rs 8,000 crore to build super-luxury project in Gurugram

Realty major DLF will invest around Rs 8,000 crore to develop an ultra-luxury housing project in Gurugram as it seeks to encash strong demand for premium homes. Last month, DLF did a pre-launch of its 17-acre super-luxury housing project 'The Dahlias' at DLF 5, Gurugram, after obtaining all regulatory approvals and has received a good response from customers. The company will develop around 420 apartments in this project, which is the second ultra-luxury offering from DLF after the successful delivery of 'The Camellias'. According to sources, DLF will invest around Rs 8,000 crore over the next 4-5 years on the construction of this new project, comprising nearly 50 lakh square feet of area. In a conference call with analysts held recently, DLF's Managing Director Ashok Tyagi informed that the company is expecting Rs 26,000 crore in revenue from this new super-luxury project in Gurugram based on the current pre-launch price. "In RERA, what we have filed now is the revenue of Rs 26,0

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

Shahi Exports' Harish Ahuja pays $27 mn for home in London's Notting Hill

The property offering more than 20,000 square feet of space is a short walk from Kensington Gardens

Here's how India's elite homeowners have now become slumdog millionaires

The arc of the bankruptcy law in India bends toward power, not justice, and here, there is a power vacuum

89% of all ultra-luxury homes sold since 2022 were in Mumbai alone: Anarock

In 2022, 13 ultra-luxury homes were sold, with 11 of them in Mumbai and two in Delhi NCR

Fuelled by high demand, QTS level in India at a historic low: Knight Frank

The demand for luxury homes continues to drive the Indian residential market, but the affordable segment is shaky

DLF sales jump over 3X to Rs 6,404 cr in Q1 on high demand for luxury homes

Realty major DLF's sales bookings jumped over three-fold to Rs 6,404 crore during the first quarter of this fiscal on strong demand for its luxury housing properties. The company had sold properties worth Rs 2,040 crore in the year-ago period. DLF has given guidance to achieve Rs 17,000 crore worth of sales bookings for the entire 2024-25 financial year as against nearly Rs 15,000 crore in the preceding year. According to its latest investor presentation, the company's sales bookings in the April-June quarter were driven by its luxury project 'DLF Privana West' at Sector 76/77, Gurugram that saw sales of Rs 5,600 crore. In its super-luxury housing project 'The Camellias' at DLF 5, Gurugram, the company sold 4 units for Rs 251 crore. On Thursday, DLF reported a 23 per cent increase in its consolidated profit to Rs 645.61 crore in the first quarter of this fiscal. Its net profit stood at Rs 527 crore in the year-ago period. Total income rose to Rs 1,729.82 crore during the April-J

Amid high demand, real estate developers ramp up uber-luxury projects

Luxury home sales in India surged by 75 per cent last year

Selling time for unsold real estate inventory down by nearly one-third: JLL

The consultancy released the findings based on an analysis of seven cities -- Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata -- over the last eight quarters

Celebrity homes open for visits: How you can check into gilded lifestyle

Actor Shah Rukh Khan's luxurious Delhi home is available for booking on Airbnb

DLF to enter Mumbai, Goa this year with luxury homes; All details here

Expects 22-25% of its total sales in 2024-25 to come from NRIs

Property brokerage firm InvestoXpert revenue up 56% in FY24 on better sales

Real estate brokerage firm InvestoXpert's revenue rose 56 per cent in the last fiscal to Rs 56 crore as it facilitated sales of properties valued more than Rs 2,000 crore on strong housing demand. Its revenue stood at Rs 36 crore in 2022-23. In a statement, Noida-based InvestoXpert said the company facilitated sales amounting to Rs 2,050 crore during the last fiscal, up 95 per cent year-on-year. The better performance in sales translated into robust revenue growth, it added. Vishal Raheja, Founder & MD of InvestoXpert said, "This achievement underscores our commitment to excellence and innovation in the real estate sector. As we look ahead, we are confident in our ability to continue this upward trajectory, with ambitious targets set for the upcoming financial year". He said the demand for luxury homes has risen significantly. Raheja said the second and fourth quarters collectively accounted for almost 70 per cent of the business, underscoring the seasonal variations in the real

Luxury homes' share in total sales nears affordable for first time: Report

Demand for luxury units has consistently increased in the last five years

Janhvi Kapoor opens Chennai family home for Airbnb's 'Icons' experience

Nestled in lush greenery, the Kapoor family home in Chennai spans over four acres

Sale of homes priced above Rs 4 cr comprises 5% of total, says report

Mumbai top in the sale of such homes in March quarter, demand falls in Delhi NCR from a year ago

A bar in your home: When you want to say 'cheers' up, close, personal

If you live in a bungalow or an apartment, you can set up your drinking hole

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