Page 5 - Luxury Homes

Demand for luxury homes overtakes affordable ones for first time in India

The number of homes sold in India in July-September quarter this year touched a six-year-high: Knight Frank

Luxury homes see highest average price appreciation since 2018: Anarock

Hyderabad recorded the highest jump of 42 per cent in the average price of luxury homes between 2018 and the first six months of 2023

Sales of luxury homes in India rose 130% in January-June period: CBRE

The surge in demand was primarily driven by a growing preference for enhanced amenities and more spacious living areas

Sales of luxury homes priced above Rs 10 cr in Mumbai up 49%: Report

Sales of residential properties, priced above Rs 10 crore, in Mumbai's primary and resale market rose 49 per cent in value terms to Rs 11,400 crore during the January-June period on strong demand, according to India Sotheby's International Realty and CRE Matrix report. During the year-ago period, the sales of luxury homes in Mumbai stood at Rs 7,660 crore. Real estate consultant India Sotheby's International Realty, and data analytic firm CRE Matrix on Monday released a report on Mumbai luxury housing market for H1 CY'23. The report noted that the demand for luxury apartments in the financial capital was mainly driven by industrialists, Bollywood celebrities and high-salaried employees. As per the data, sales of luxury housing in the primary (fresh launch) market surged by 83 per cent to Rs 8,817 crore during January-June period, as compared to Rs 4,816 crore in the same period of the previous year. However, the sales in the secondary (re-sale) market were down 9 per cent to Rs 2,

Choose luxury flooring that will lift up your home's aesthetics

The material you use should match the decor of your spaces and it should be easy to maintain

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

K Raheja Corp sells luxury homes worth Rs 1,100 cr in single project

Realty firm K Raheja Corp on Friday said its housing arm has sold properties worth Rs 1,100 crore in its luxury residential project at South Mumbai during the March quarter. K Raheja Corp Homes, the residential business of K Raheja Corp group, delivered a record breaking, pre-formal launch sales revenue of Rs 1,100 crore, through its single project Raheja Modern Vivarea in under 90 days, in the fourth quarter of last fiscal, the company said in a statement. Raheja Modern Vivarea, located in Mahalaxmi micro-market, was launched in the last quarter of FY23. The project, having 10 lakh square feet of total saleable area, will house only 2 towers. The demand for luxury residential properties have surged during the last two years.

Luxury housing sales in Indian cities surge 151% in Q1 2023: Report

Delhi-NCR, Mumbai, Hyderabad, Pune and Kolkata lead in such property transactions

Luxury segment housing sales up by 151%, Delhi-NCR leads with 216% growth

The post-pandemic rise in ownership of luxury housing is believed to be a result of a changed mindset of the homebuyers

Damani's close associates buy 23 flats for Rs 1,200 crore in Mumbai: Report

Each apartment is about 5,000 sq ft in size and has been sold for Rs 50-60 crore

Budget 2023: Capital gains cap at Rs 10 crore to hit luxury home sales

The finance minister on Wednesday proposed to limit deductions from capital gains on investment in residential houses under Sections 54 and 54F to Rs 10 crore

Luxury property prices up 8-12% in 2022; surpasses 2015 peak level: Survey

The sample size of the survey is more than 500 HNIs and UHNIs

Godrej Properties buys 18.6 acre land in Mumbai to build luxury homes

Godrej Properties has bought an 18.6 acre land parcel at Kandivali, in Mumbai for around Rs 750 crore to develop a luxury housing project. On Friday, Godrej Properties informed about the land transaction but did not disclose the total deal value. Market sources and property consultants said the land deal was struck at around Rs 750 crore. Godrej Properties, which is part of business conglomerate Godrej Group, is one of the leading real estate companies in the country. The company has been aggressively buying land outrightly and also entering into joint development agreements (JDAs) with landowners to create future development pipelines. As per the regulatory filing, Godrej Properties expects sales revenue of about Rs 7,000 crore from this upcoming 18.6-acre project, which would have a developable potential of about 3.72 million square feet. The project will comprise primarily premium residential apartments with supporting retail spaces. Godrej Properties highlighted that this is

Villas to luxury apartments: Picking homestays over hotels is more fun

The rising trend in travel and hospitality offers guests privacy and comfort for a cheaper price

Mukesh Ambani purchases beach-side Palm Jumeirah villa in Dubai for $163 mn

The billionaire has been snapping up properties overseas, increasingly looking westward for second homes

TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end

The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades

Bollywood stars, corporate bosses fire up Mumbai, Delhi luxury house mkts

Experts attribute the trend to stamp duty cut by Maharashtra govt, reduction of prices by developers saddled with unsold inventory

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

Designer homes, immune to pandemic blues, are inviting new interest

Curated properties high on amenities catch fancy of a younger, moneyed India

As pandemic eases, celebrities buy multi-crore apartments in Mumbai

Madhuri Dixit-Nene has bought a home worth Rs 48 crore in Indiabulls Blu located at Worli. Vivek Agnihotri has bought an apartment worth Rs 17.9 crore in Versova