representative image New Delhi: Sale of stately home According to a report by , the price of Rs 4 crore and above has seen a year-on-year increase of 37.8% during January to September this year. CBRE South Asia,
Total sales of luxury homes during the first nine months of this year stood at 12,625 units, compared to 9,160 units in the same period last year.
Anshuman Magazine“We also expect growing demand in the high-end and premium segments along with traditional mid-range markets like Noida, Bengaluru, Pune and Are.” As the market shifts from bungalows to modern apartments and penthouses, Chennai will increasingly become a hotbed of luxury projects.
Delhi-NCR, Mumbaiand Hyderabad emerged as key markets, accounting for nearly 90% of total luxury housing sales across the seven cities
Delhi-NCR topped the list with sales of 5,855 units, a growth of 72% year-on-year, followed by Mumbai with 3,820 units, a growth of 18% year-on-year. Is.
Hyderabad has seen the sale of 1,540 luxury homes.
Pune recorded a significant increase in luxury sales activity with 810 units sold in the same period.
Additionally, Kolkata witnessed a 1.6-fold increase in luxury residential sales.
Steady demand has encouraged developers to introduce new projects and additional phases, adding about 215,000 units to the market.
Buoyed by strong market dominance, Mumbai, Pune and Hyderabad collectively accounted for 64% of cumulative unit launches from January-September 24. Mid-range projects accounted for about 44% of total sales in the first nine months of 2024, followed by high-end and affordable projects.
In the July-September 24 quarter, sales exceeded nearly 68,400 units, with over 62,000 new units launched.
The cumulative share of apartment launches for Mumbai, Pune and Hyderabad was 65%. Similarly, Mumbai, Pune and Bengaluru also account for 65% of the total sales in the same quarter. Mumbai tops the sales with 32% share, followed by Pune with 18%, Bengaluru with 15% and Delhi-NCR with 12%.
