Page 6 - Luxury Homes

Average monthly rent of luxury homes up 8-18% in last 2 yrs in top 7 cities

Average monthly rentals in posh residential colonies across seven major cities rose 8-18 per cent in last two years while capital value appreciated by 2-9 per cent, according to Anarock. Real estate consultant Anarock noted that demand for luxury residential properties -- for buying and renting -- in upscale colonies has increased across the seven cities namely Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. As per the data, Mumbai's Worli saw the highest rental growth of 18 per cent to Rs 2.35 lakh per month from Rs 2 lakh per month in 2020 for luxury homes of minimum 2,000 square feet area. Bengaluru's Rajaji Nagar witnessed the highest capital appreciation of 9 per cent with average prices increasing to Rs 6,200 per square feet in 2022 from Rs 5,698 per sq ft in 2020. "Most prominent luxury housing markets witnessed double-digit growth in rentals in the last two years," Anarock Chairman Anuj Puri said. "Pre-COVID, average 2-year lux

At home, in your swimming pool: How to splash in this luxurious indulgence

If you have the space and the money, add this place to relax and exercise

If you are scouting for a property deal in the luxury segment, strike now

If the current uptrend in demand persists, prices could begin to inch up

Dawn of roaring twenties seen as Dubai's luxury home sales soar

The business hub's pattern mirrors other global cities, says Knight Frank

Dubai left behind as world's prime property hotspots bloom again

The wealthiest home buyers who fled virus lockdowns for Dubai have helped spur demand for luxury homes earlier this year, but the improvement hasn't been uniform

Study analyses home loan trends to find affordable housing is Covid proof

About 60% of sales by value, 90% by volume were driven by affordable segment, for which less than Rs 35 lakh of loans each were taken

Bengaluru slips to 40th spot globally in price rise of luxury homes: Report

Bengaluru has slipped four positions to rank 40th globally in annual price appreciation of luxury residential properties, according to real estate consultant Knight Frank

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

Adar Poonawalla rents London mansion for $69,000 a week, says report

The mansion is one of the largest residences in the neighborhood and measures about 25,000 square feet (2,322 square meters), the equivalent of about 24 average English homes

Embassy bets big on ready-to-move luxury homes after selling 75% inventory

Looks to sell balance 25% in 1-2 years, says will get the structure of future projects ready before marketing so that customer get touch-and-feel

Delhi is India's fastest-growing hotspot for luxury homes, shows report

Auckland in the Australasia region topped the global index with 12.9 per cent price appreciation in the July-September quarter, compared to the same period last year

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

Unsold luxury homes grow 10%, stock still a fraction of affordable: Anarock

Affordable homes make up 36% of the unsold housing stock, while luxury segment's shares is 14%

Asia most expensive region for luxury buying; Mumbai cheapest city: Report

Mumbai offers exceptional value across almost all luxury categories, says Julius Baer's first Global Wealth and Lifestyle Report.

Delhi among fastest growing luxury residential markets, says Knight Frank

A recent report by ANAROCK suggests as many as 16,100 new units have been launched in the luxury segment priced over Rs 1.5 crore across the top seven cities in India in the first half of CY19

Around 58% luxury apartments still unsold in Mumbai, says Icra report

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

India's inventory of unsold luxury homes falls 12% to 43,000 units in Q1

Among the top cities, Bengaluru led from the front, recording a significant 49 per cent reduction in unsold luxury stock within a year - from 6,370 units in Q1 2018 to 3,260 units in Q1 2019

Mumbai had highest unsold luxury homes inventory at 23,930 units in Q1FY19

Overall unsold stock of luxury homes declines by 12% year-on-year in Q1 2019

Luxury properties make a good bet, but only if you are buying for self use

Don't get into high-end homes to make quick money, as the market is currently witnessing a correction and there is less capital appreciation in the short term