Page 4 - Luxury Homes

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

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

These 10 cities saw the highest growth in luxury residential prices according to the Knight Frank's Prime Global Cities Index Q42023. >

French luxury home decor brands turn their attention to Indian market

Over 30 luxe interior design brands from France showcased their creations to tap a new and growing class of rich Indians

Shapoorji Pallonji eyes Rs 500 cr revenue from 180 luxury units in B'luru

Shapoorji Pallonji Real Estate on Thursday launched more than 180 luxury homes in Bengaluru with a revenue potential of around Rs 500 crore. In a statement, the company said it has launched 'Sequoia', the last tower at its project Parkwest 2.0 in Binnypet, Bengaluru. The project Parkwest 2.0 has a total saleable area of over 18.4 lakh square feet. The company will develop over 180 luxury apartments in this last tower, having a saleable area of 4.3 lakh square feet and "presenting a revenue potential of nearly Rs 500 crore". Venkatesh Gopalakrishna, MD & CEO of Shapoorji Pallonji Real Estate said, "Sequoia, the last tower at Parkwest 2.0, is a testament to our meticulous planning and unwavering dedication to craftsmanship." Bengaluru is one of the major real estate markets in India. As per the data compiled by housing brokerage firm, PropTiger, the sales of residential properties rose 44 per cent last year to 44,002 units from 30,467 units during 2022. The new supply of housing

Luxury housing sales in India jumped 75% in 2023, threefold in Delhi: CBRE

The share of luxury homes, priced at or above Rs 4 crore, in total sales, also doubled in 2023

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

Raymond Q3 results: PAT jumps to Rs 185 cr on branded apparel, realty boost

It had logged a net profit of Rs 96.60 crore in October-December FY23, according to a regulatory filing by the company

DLF sales bookings jump 2-fold to Rs 13,316 cr in Apr-Dec on high demand

Realty major DLF Ltd's sales bookings jumped two times annually to Rs 13,316 crore during the first nine months of this fiscal, mainly on high demand for its luxury housing properties in Gurugram. During the April-December period of the previous fiscal, the company's sales bookings stood at Rs 6,599 crore. In the 2022-23 fiscal, DLF's sales bookings stood at a little over Rs 15,000 crore, and it is likely to clock higher numbers in the current fiscal. On Wednesday, the company reported a more than three-time increase in its sales booking to Rs 9,047 crore in the December quarter as against Rs 2,507 crore in the year-ago period. This is the highest quarterly sales booking achieved by the company. The record sales bookings in the third quarter were mainly driven by sales of 1,113 luxury apartments in Gurugram for Rs 7,200 crore within three days of the pre-launch last month. In the third quarter of 2023-24, DLF launched three new projects --two in Gurugram and one in ...

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?

Capital appreciation key to buy luxury realty for 44% of rich people: ISIR

Capital appreciation will be the key motivation for 44 per cent of wealthy people to buy luxury properties over the next 24 months, according to India Sotheby's International Realty (ISIR) survey released on Thursday. Real estate consultant ISIR released its annual 'Luxury Outlook Survey 2024' with a sample size of over 500 High Net Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs). "Despite an almost 40 per cent rise in property prices over the last 24 months and increase in mortgage rates, 71 per cent of respondents expressed an intent to buy real estate in the next 12-24 months, showcasing significant confidence in the market," ISIR said. Capital appreciation has overtaken lifestyle upgrades, as the primary motivation for real estate investment (44 per cent), the consultant said, adding that this signals a return of investors to the market. "Our survey findings indicate a renewed and heightened interest among investors who now view real estate as a compelling

Sales of homes up to Rs 50 lakh dip 16% last year; total sales 10-yr high

Sales of homes costing up to Rs 50 lakh fell 16 per cent last year to nearly 98,000 units across eight major cities due to a rise in property prices and high mortgage rate, according to Knight Frank India. Nevertheless, overall housing sales, comprising all price points, rose 5 per cent annually to 3,29,907 units during 2023 across the top eight cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Pune, Hyderabad and Ahmedabad. New supply in homes costing up to Rs 50 lakh dropped 20 per cent in 2023 year-on-year. This also resulted in fall in sales of affordable homes. The overall sales reached a 10-year high, driven by higher demand in the mid-income and luxury home segments. Real estate consultant Knight Frank India on Wednesday released its report through a webinar, showing that sales of residential properties priced Rs 50 lakh and below fell to 97,983 units last year from 1,17,131 units in 2022. As a result, the share of affordable homes in total

Gurugram sees up to 45% price rise for premium homes in last one yr: Report

Prices of premium homes -- under construction and ready -- have increased up to 45 per cent in Gurugram in the last one year, according to Savills India. Real estate consultant Savills on Saturday released a report showing that prices of completed housing units have risen by 28-45 per cent in Gurugram during the last one year. Rates of under construction homes were up 12-45 per cent. In Noida, the prices rose by 27-36 per cent for completed units and 23-47 per cent for under construction residential properties. In Gurugram, the Savills report showed that New Gurugram and Dwarka Expressway were the top performing micromarkets with an annual growth of 45 per cent and 21 per cent, respectively in average capital values of under construction properties. Golf Course Road and Golf Course Extension Road & Souther Peripheral Road registered the highest average capital value appreciation for ready-to-move properties with a year-on-year increase of 45 per cent and 39 per cent, ...

India saw sale of luxury homes double in first 9 months this year: CBRE

CBRE said that the home sales in the festive season this year are expected to be the highest in three years

Luxury home sales costing above Rs 1.5 cr in Delhi-NCR jump 2-fold: Anarock

Delhi-NCR has witnessed over two-fold jump in sales of luxury homes priced above Rs 1.5 crore to 13,630 units in January-September this year on better demand and supply, according to Anarock. Real estate consultant Anarock's data showed that 6,210 luxury homes were sold during January-September last year. The trend was more or less similar across seven major cities tracked by Anarock. Sales of luxury residential properties jumped more than two times to 84,400 units across seven major cities during January-September this year from 39,300 units in the corresponding period of the last year. Anarock Chairman Anuj Puri said the luxury housing segment has been growing rapidly on demand surge after the COVID pandemic. The supply in this segment too has improved. Post-COVID, the concept of home ownership has strengthened. People are also upgrading to better and bigger homes. As per the Anarock data, Hyderabad saw over three-fold surge in sales of luxury homes to 13,630 units during ...

Amid lower demand, new supply of affordable homes dipping in India: Anarock

On the other hand, the supply of luxury homes is rising as developers are focusing on earning higher margins and profits