Luxury projects make cautious comeback amid slump in realty
5 years, 1 month ago

Luxury projects make cautious comeback amid slump in realty

Live Mint  

Luxury projects are slowly making a return as developers compete for a niche segment of wealthy homebuyers, even as affordable and mid-segment housing dominate the property market. Bengaluru-based Prestige Group is set to develop a luxury residential project in Pali Hill, Bandra, one of the most expensive locations outside south and central Mumbai, said a person familiar with the plans. Projects in south and central Mumbai have reduced to a trickle and buyers of luxury homes are now inclined towards ready-to-move projects, with least delivery risk. Managing director Ashish Puravankara said though the number of luxury project launches has dropped drastically in the last few years, there are customers at different price points.

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History of this topic

Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol
3 weeks, 3 days ago

Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol

India TV News  

The year 2024 marked a significant shift in India’s real estate market, with luxury homes emerging as the ultimate status symbol for the country’s wealthy. Record-breaking deals across cities This year witnessed record-breaking transactions in the luxury real estate market. Several factors are driving the affluent class towards luxury real estate: Wealth growth: The 2024 Hurun Rich List reported a …

Meet Rishi Parti, man who bought Rs 190 crore ultra-luxury penthouse in Gurugram
Trending News
1 month ago

Meet Rishi Parti, man who bought Rs 190 crore ultra-luxury penthouse in Gurugram

India Today  

In a record-breaking transaction, a luxury penthouse in DLF Camellias on Gurgaon’s Golf Course Road has been sold for Rs 190 crore, setting a new benchmark for high-rise condominium deals in India. As per reports, the 16,290-square-foot penthouse fetched an impressive Rs 1.2 lakh per square foot on the super area and Rs 1.8 lakh per square foot on the …

Mumbai real estate: Check out these 5 deals priced at ₹100 crore and more in this luxury project in Worli
1 month ago

Mumbai real estate: Check out these 5 deals priced at ₹100 crore and more in this luxury project in Worli

Hindustan Times  

The Mumbai real estate market's luxury segment has been on fire since the pandemic, with luxury apartments worth over ₹100 crore selling like hotcakes. Mumbai real estate market's luxury segment has been on fire since the pandemic, with luxury apartments worth over ₹ 100 crore selling like hotcakes In the last six months, at least five transactions with a price …

India’s Affluent Buyers Fuel Luxury Housing Boom
1 month, 1 week ago

India’s Affluent Buyers Fuel Luxury Housing Boom

Live Mint  

Mumbai leads the Luxury Housing Surge with Rs. 114,529 crore sales in first half of FY 2024-25: Report Mumbai Leads Luxury Housing Surge Mumbai, December 02: The luxury housing market in India is witnessing a remarkable surge, driven by a growing preference for exclusivity, enhanced lifestyles, and premium living spaces. "The luxury housing market in India is evolving beyond just …

The key to unlocking India's luxury market
1 month, 2 weeks ago

The key to unlocking India's luxury market

Live Mint  

The Indian luxury market, one of the world’s fastest growing, is a key target for both homegrown and international brands looking to increase their market share in the coming new year. “India has always been a value-driven market," says Edward Lalrempuia, a fashion stylist who works with some of the country’s leading fashion and beauty brands. Amit Aggarwal, one of …

Mumbai real estate market: 5 luxury apartment deals that cost ₹100 crore and above
Trending News
1 month, 4 weeks ago

Mumbai real estate market: 5 luxury apartment deals that cost ₹100 crore and above

Hindustan Times  

Mumbai real estate market has witnessed some of the costliest luxury apartment deals across the country of which a few properties have been sold for ₹1.50 lakh per sq ft and above. 1 Apartments sold for ₹ 198 crore in Oberoi’s Three Sixty West project in Worli In a recent transaction, promoter of wires and cables manufacturer RR Kabel Ltd, …

India's Luxury Real Estate Market 2024 Trends
3 months, 3 weeks ago

India's Luxury Real Estate Market 2024 Trends

The Hindu  

India’s Luxury real estate market is seeing steady demand because more and more people are finding it affordable due to economic prosperity. Desire for Larger Spaces Pushing Luxury Real Estate Market: Market trends indicate that there is a greater need for bigger living areas with top-notch facilities situated in a premium location than ever before. Luxury Real Estate Market: How …

Mumbai real estate luxury market deal: Promoter of Ebco Pvt Ltd buys apartment in Oberoi 360 West for ₹115 crore
4 months, 1 week ago

Mumbai real estate luxury market deal: Promoter of Ebco Pvt Ltd buys apartment in Oberoi 360 West for ₹115 crore

Hindustan Times  

Ashley Nagpal, promoter of Ebco Pvt Ltd, a furniture fittings and accessories firm, and his wife Bianca Nagpal have purchased a 7,139 sq ft apartment in Mumbai's Worli area for ₹115 crore, according to the documents accessed by Zapkey Ashley Nagpal, promoter of Ebco Pvt Ltd, a furniture fittings and accessories firm, and his wife Bianca Nagpal have purchased a …

DLF to enter Goa market, to launch luxury villas for ₹40 to 50 crore
5 months, 1 week ago

DLF to enter Goa market, to launch luxury villas for ₹40 to 50 crore

Hindustan Times  

Delhi-NCR-based listed real estate developer DLF is expected to launch 62 ultra luxury villas in Goa priced between ₹40 crore and ₹50 crore in the second half of the financial year 2024-2025, company sources told HT.com Delhi-NCR based listed real estate developer DLF is expected to launch 62 ultra luxury villas in Goa priced between ₹ 40 crore and ₹ …

Mumbai sells record ₹12,300 cr of luxury homes in Jan-June period as buyers upgrade to bigger apartments
6 months ago

Mumbai sells record ₹12,300 cr of luxury homes in Jan-June period as buyers upgrade to bigger apartments

Live Mint  

Luxury homes in Mumbai, India's most expensive real estate market, clocked record sales of ₹12,300 crore in the first half of 2024 on the back of growing demand for high-end properties, with Worli cornering more than a third of the purchases. In comparison, about ₹11,400 crore of luxury homes - priced ₹10 crore and above - were sold in the …

Why is there a rush to own luxury apartments in Oberoi Realty's Three Sixty West project in Mumbai?
7 months, 1 week ago

Why is there a rush to own luxury apartments in Oberoi Realty's Three Sixty West project in Mumbai?

Hindustan Times  

What’s common between Bollywood actors Shahid Kapoor and Abhishek Bachchan, D'Mart's Radhakrishna Damani and Everest Masala Group’s promoter, Vratika Gupta, founder of a well-known decor brand? They are all owners of sea facing luxury apartments in Oberoi Realty's Three Sixty West located in Mumbai's posh Worli area. Oberoi Realty's luxury project Three Sixty West in Mumbai has witnessed 19 transactions …

Luxury homes priced over ₹4 crore record 10% Y-o-Y growth in Jan-March 2024 across top seven cities
8 months, 1 week ago

Luxury homes priced over ₹4 crore record 10% Y-o-Y growth in Jan-March 2024 across top seven cities

Hindustan Times  

Luxury housing units priced more than ₹4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. Luxury housing units priced more than ₹ 4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. As per the data for sales of housing units …

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand
9 months, 2 weeks ago

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand

Hindustan Times  

Luxury homes priced ₹50 crore and above have seen a surge in sales value from ₹2,859 crore in 2022 to ₹4,319 crore in 2023, an increase by almost 1.5X. Luxury homes priced ₹ 50 crore and above have seen a surge in sales value from ₹ 2,859 crore in 2022 to ₹ 4,319 crore in 2023, an increase by almost …

Luxury serviced apartments come calling
11 months, 2 weeks ago

Luxury serviced apartments come calling

The Hindu  

The trend of serviced apartments that started more than a decade-and-a-half ago in Chennai has been growing at 10-15% each year. Though this specific category has no data pertaining to the number of players, real estate developers point out that luxury serviced apartments yield good returns. Many developers especially in the outskirts of Chennai are silently giving away a block …

Mumbai's Luxury Property Market Soars To Unprecedented Heights
11 months, 4 weeks ago

Mumbai's Luxury Property Market Soars To Unprecedented Heights

News 18  

The Indian real estate sector has undergone a significant transformation in recent years, with a spotlight on the flourishing luxury housing segment. Among the major cities, Mumbai has emerged as one of India’s fastest-growing luxury real estate markets. In the first half of 2023, Mumbai’s luxury property market showcased a robust surge in sales, boasting an impressive growth rate of …

Mumbai dominates ultra-luxury real estate with 53 homes sold above ₹40 Crore
1 year, 1 month ago

Mumbai dominates ultra-luxury real estate with 53 homes sold above ₹40 Crore

Hindustan Times  

Mumbai: 58 ultra-luxury homes priced above ₹40 crore were sold across seven major cities till November 2023, accumulating a total sales value of ₹4,063 crore. Anuj Puri, Chairman of Anarock Group, noted, “Demand for both luxury and ultra-luxury properties has surged since the pandemic, with HNIs and ultra-HNIs buying such homes for investment, personal use, or both. The upsurge in …

Rethinking lifestyle trends
1 year, 4 months ago

Rethinking lifestyle trends

The Hindu  

Luxury living is no longer associated with exclusive amenities and a multitude of activities alone. Earlier, a gymnasium in an apartment complex, a rooftop infinity pool, Italian marble floorings, and upscale German kitchen designs were considered the hallmark of luxury housing. If reports are to be considered, the first quarter of 2023 reported a total sale of 4,000 luxury housing …

Luxury segment housing sales rise in top seven cities of India: Survey
1 year, 5 months ago

Luxury segment housing sales rise in top seven cities of India: Survey

The Hindu  

CBRE South Asia Treal estate consulting firm announced the findings of the January-June ’23 residential sector survey data highlighting trends in the top seven cities in India. A similar trend prevailed during the April-June ’23 quarter in the luxury housing segment across the top cities registering a 121% Y-o-Y increase in sales. It saw sales of 3,100 luxury housing units …

Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report
1 year, 5 months ago

Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report

Hindustan Times  

The demand for luxury housing in India rose in the April to June period, according to a report. 3,100 luxury housing units - priced at ₹ 4 crore and above - were sold in the quarter, compared to 1,400 in the year-ago period. Pune's luxury home sales inched up from nil last year to 150 units this year in April …

REAL ESTATE LUXURY INVESTMENT SEEING GEOGRAPHICAL EXPANSION BEYOND METROS AND HOTELS
1 year, 6 months ago

REAL ESTATE LUXURY INVESTMENT SEEING GEOGRAPHICAL EXPANSION BEYOND METROS AND HOTELS

Deccan Chronicle  

The Indian real estate market has always been fertile ground for astute investors in search of long-term financial prosperity, with the luxury real estate sector evolving of late as a favourable investment growth avenue. Reduced Cost of Land Another factor encouraging luxury real estate investment outside of the metro areas is the availability of land at relatively lower prices. Demand …

The lust for luxury brands
1 year, 6 months ago

The lust for luxury brands

Deccan Chronicle  

This lust for expensive goods is a global phenomenon; has affected India too. Suryajit Singh, scion of the erstwhile royal family of Kapurthala and Managing Partner at JMC, a global luxury brand management consultancy that provides commercial growth strategies to brands across industries, names two reasons for the increased spending on luxury goods. Further, trends show that Gen-Z shop more …

Luxury real estate beckons Hyderabad
1 year, 9 months ago

Luxury real estate beckons Hyderabad

Deccan Chronicle  

HYDERABAD: In March, India's largest real estate group DLF had sold 1,137 flats in luxury high-rise residential project, each worth around Rs 7 crore, in Gurugram in just three days! "The whole Hyderabad luxury real estate game will change in the next two to three years. Iris by Raghava is a super luxury project with four million square feet of …

Consumers ready to spend over ₹15 crore on luxury properties
1 year, 11 months ago

Consumers ready to spend over ₹15 crore on luxury properties

The Hindu  

When it comes to luxury homes, consumers are picking up spacious properties and are willing to spend over ₹15 crore to buy such spaces. There is a definitive shift in the mindset of home buyers who want to move from independent houses to high end luxury apartments which is driving the demand,” said Ceebros Managing Director C. Subba Reddy. Its …

Luxury property prices up 8-10%, Delhi NCR, Mumbai top list: Report
1 year, 11 months ago

Luxury property prices up 8-10%, Delhi NCR, Mumbai top list: Report

Hindustan Times  

Prices of luxury properties appreciated by 8-12 per cent during the last year across major cities and has breached the 2015 peak level, according to India Sotheby's International Realty. Delhi's India Gate and Mumbai's Marine Drive In its annual 'Luxury Outlook Survey 2023', India Sotheby's International Realty revealed that 61 per cent of High-Net-worth Individuals and Ultra High-Net-worth Individuals are …

Real estate: Benefits of investing in luxury properties now
2 years, 8 months ago

Real estate: Benefits of investing in luxury properties now

Live Mint  

Real estate has long been considered a relatively safe investment. If invested after a thorough analysis of the local real estate market, luxury properties are bound to prove an excellent investment instrument. As the real estate sector is looking at a full-scale revival, the luxury property market is also presenting awesome opportunities for investment in 2022. While the economy is …

The changing dynamic of luxury housing in India
2 years, 10 months ago

The changing dynamic of luxury housing in India

The Hindu  

The pandemic was a silver lining for residential real estate. The fact that people are considering a good investment opportunity as a strong reason for buying luxury real estate points to a bullish outlook on luxury home prices. The rise of the work-from-home phenomenon among UHNIs, led to a strong demand for high-end properties that may serve as catch-all compounds, …

Find your Luxurious Abode with HT Luxury Living
3 years, 1 month ago

Find your Luxurious Abode with HT Luxury Living

Hindustan Times  

Home is a sacred space that belongs to you. Hindustan Times has collaborated with reputed developers in Delhi NCR & Himachal Pradesh to bring you their best luxury offerings. Whether it's an apartment or penthouse or villa, you can gaze through a wide range of properties in different parts of NCR & Himachal Pradesh — Noida, Ghaziabad, Gurgaon, Greater Noida, …

Trump Tower builder dumps luxury for cheap homes as India slows
5 years, 2 months ago

Trump Tower builder dumps luxury for cheap homes as India slows

Live Mint  

A Trump Tower developer in Mumbai, India’s financial hub, is shifting focus to cheaper apartments and office space as a credit squeeze crimps demand for posh properties. “All our new investment is going in affordable and office,” Lodha said in an interview at the company’s premium World Towers residential project in Mumbai on Thursday. It is something which we need …

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