Page 7 - Luxury Housing

Over 75% HNIs want to buy over Rs 5 cr properties in 2 years: Survey

Around 75 per cent wealthy people will look to buy luxury properties, worth more than Rs 5 crore, over the next two years in big cities as well as holiday destinations, according to a survey. India Sotheby's International Realty, one of the leading brokerage firms in luxury real estate space, has conducted a survey of over 200 HNIs (High Net worth Individuals) and ultra-HNIs to gauge the mood of the luxury real estate buyers across India's top 8 cities/regions -- Delhi-NCR, Mumbai, Kolkata, Bengaluru, Hyderabad, Pune, Chennai, and Goa. "An overwhelming 76 per cent respondents said they would look to buy real estate in the coming two years," according to the report 'Luxury Housing Outlook-2022'. This signals a very strong turnaround in sentiments for real estate amongst the wealthy in India, it added. Out of the 76 per cent wanting to buy real estate, 89 per cent would prefer luxury homes (city apartments, city bungalows and holiday homes), while the rest 11 per cent prefer premium

Delhi: DLF sells properties worth Rs 1,500 cr in new luxury housing project

Realty major DLF Ltd said it has sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital, reflecting strong demand for luxury apartments.

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

Bungalows and villas edge out apartments as dream houses in Covid times

Emerging need for more space, greenery, light, ventilation and privacy are driving demand. If you're buying one, ensure the title is clear and the plans are duly sanctioned

From luxury cars to business jets, small-town tycoons aiming big

With growing revenues and surging aspirations, demand for luxury products growing in Tier 2, 3 cities

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

Delhi falls to 32nd in Knight Frank's global prime property index

New Delhi's rank declined to 32nd among global cities in terms of prime residential properties

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

A Rs 1,001 cr house for Mr Damani and other marquee realty buys in Mumbai

DMart promoter Radhakishan Damani has reasons besides snob value for buying plush Malabar Hill property, say experts

Puravankara forays into Mumbai with Rs 450-cr ultra-luxury project

Puravankara has already launched two luxury projects under its World Home Collection brand in Bengaluru and Chennai

Luxury segment accounts for half of unsold houses: Lodha Developers

About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore

Covid-induced price correction sees luxury homes making a comeback

Lower interest rates, stamp duty rebates in some states, flexible payments and most importantly, more time to visualise and create a dream home spur consumer interest

Bengaluru to Delhi: Demand for premium homes drives residential sales in Q2

In Mumbai, reduced stamp duty and low interest rates get customers interested in property

Puravankara to build luxury housing in three cities, to invest Rs 850 cr

In these three housing projects, Puravankara would develop a total of 1,460 units with a built up area of 2.2 million sq ft and an estimated cost of around Rs 850 crore.

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

Builders bet on affordable homes as luxury sales dip

Signs of revival after note ban and Rera impact, say developers