Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report
1 year, 4 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 to June, whereas, Chennai and Kolkata each sold 50 units, same as last year. 1 city across APAC in flexible office space stock; Delhi-NCR 3rd: CBRE Contrastingly, Mumbai and Bengaluru painted a different picture, with luxury home sales falling. Mumbai's luxury home sales fell from 800 units last year to 750 units in the quarter.

India Luxury Bengaluru Delhi Mumbai Housing Units Sold Ncr Cbre  luxury  units  rise  demand  falls  period  report  quarter  homes  bengaluru  housing  cbre  aprjun  sold  sales  half  market

History of this topic

Year-ender 2024: Top luxury housing deals in Bengaluru that had the IT city going the Mumbai way
5 hours, 9 minutes ago

Year-ender 2024: Top luxury housing deals in Bengaluru that had the IT city going the Mumbai way

Hindustan Times  

While Mumbai has long witnessed ultra-luxury real estate transactions, some worth as high as ₹100 crore, Bengaluru is fast catching up with demand for upscale residential properties. While Mumbai has long witnessed ultra-luxury real estate transactions, some worth as high as ₹ 100 crore, Bengaluru is fast catching up with demand for upscale residential properties. Top residential deals in Bengaluru …

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity
3 days, 6 hours ago

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity

Live Mint  

New Delhi, Dec 21 Housing sales are estimated to fall 21 per cent annually across nine major cities during October-December period to 1.08 lakh units on high base effect, according to PropEquity. Housing sales are estimated to fall in Hyderabad by 47 per cent to 12,682 units during October-December 2024 from 24,044 units in the year-ago period. In Bengaluru, sales …

Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol
6 days, 16 hours 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
2 weeks, 1 day 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
2 weeks, 3 days 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 …

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report
2 weeks, 5 days ago

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report

ABP News  

India saw the sale of 2.3 lakh homes valued at Rs 3.8 trillion in the first nine months of 2024, with an average sale price of Rs 1.64 crore per apartment, driven mainly by premium projects, particularly in Delhi NCR, according to global real estate consultancy firm JLL. “With capital values surging and being at an all-time high, close to …

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units
2 weeks, 5 days ago

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units

Hindustan Times  

Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. Year-ender 2024: Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. …

India’s Affluent Buyers Fuel Luxury Housing Boom
3 weeks, 1 day 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 …

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey
3 weeks, 1 day ago

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey

Deccan Chronicle  

Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising cost of living will make owning a property unattainable for most people, a Reuters poll found.While India's middle class tightens its belt, cutting back on everything from tea to two-wheelers due to soaring consumer inflation, the …

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR
3 weeks, 4 days ago

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR

Hindustan Times  

Mumbai real estate market is the most expensive real estate market in the country and purchasing a home in the financial capital is a dream come true for many homebuyers considering that apartments cost as much as ₹20,000 per sq ft to ₹1.50 lakh per sq ft if not more. "With a budget of ₹50 lakh in Mumbai, homebuyers can …

Rate cuts may help optimize home affordability, Kolkata most affordable housing market
4 weeks ago

Rate cuts may help optimize home affordability, Kolkata most affordable housing market

Hindustan Times  

Most real estate markets across the country, especially Mumbai and Pune are expected to approach optimal affordability levels by 2025 with a projected interest rate cut on the horizon, while Kolkata is set to maintain its status as the most affordable market, potentially hitting new peaks, according to JLL’s Home Purchase Affordability Index. Rate cuts may help optimize home affordability …

The key to unlocking India's luxury market
1 month 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 and Delhi among top APAC cities to record highest price growth in the luxury housing segment
1 month ago

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment

Hindustan Times  

Mumbai and Delhi-NCR are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. Mumbai and Delhi are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. The average price for the prime residential market in the …

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank
1 month ago

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank

Live Mint  

India’s real estate sector is experiencing a boom fueled by robust economic growth, infrastructure upgrades, and evolving lifestyle aspirations. In Q3 2024, the city recorded an 11.5 per cent year-on-year increase in luxury real estate prices, which now average $953 per square foot. Shishir Baijal, Chairman and Managing Director of Knight Frank India, emphasised, "India's residential real estate sector is …

Bengaluru Residential Market Heats Up: Q2FY25 Sales Cross Rs 15,739 Cr
1 month ago

Bengaluru Residential Market Heats Up: Q2FY25 Sales Cross Rs 15,739 Cr

The Hindu  

The Bengaluru residential market grew remarkably in the second quarter of fiscal year 2024–25. Bengaluru Residential Market Trends: Area & Budget Wise As an additional point of interest, the research notes the fact that during the quarter spanning July to September, around 86% of all real estate transactions were concentrated in the price category of less than one crore. Views …

Inside Bengaluru’s ‘Billionaire Street’: Here’s why it’s the city’s costliest and a magnet for business titans
1 month, 1 week ago

Inside Bengaluru’s ‘Billionaire Street’: Here’s why it’s the city’s costliest and a magnet for business titans

Live Mint  

Koramangala 3rd Block, known as ‘Billionaire Street,’ has emerged as one of Bengaluru’s most prestigious addresses. One of the standout deals in Bengaluru’s real estate history took place here when Quess Corp MD Ajit Isaac acquired a 10,000-square-foot plot for ₹67.5 crore, setting a new benchmark in the area. Market Dynamics and Pricing Trends Data from Housing.com shows an upward …

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

Bengaluru's Rental Housing Market Rejuvenates: Experts Say
2 months ago

Bengaluru's Rental Housing Market Rejuvenates: Experts Say

Hindustan Times  

Bengaluru's rental housing market returns to normalcy, with average rent per month increasing by 4% in 2024 compared to 2023. While the rate of increase has stabilized, it is still higher than pre-pandemic levels. The market is expected to see annual increases in rentals to the tune of 4-8%, while property prices are expected to register a rise of 5-10%. …

₹1200 crore luxury high-rise project coming up near Sarjapur in Bengaluru
2 months, 4 weeks ago

₹1200 crore luxury high-rise project coming up near Sarjapur in Bengaluru

Hindustan Times  

NBR Group, a leading Bengaluru-based real estate developer, is thrilled to announce the acquisition of a prime 9.65-acres land parcel in the prestigious Sarjapur-Mullur suburb of Bengaluru. The ambitious project will feature an impressive saleable area of approximately 9 lakh square feet, with an anticipated gross development value exceeding Rs1200 crore. "This project marks a significant expansion for NBR Group …

India's Luxury Real Estate Market 2024 Trends
3 months, 1 week 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 …

Affordable Cities in India in 2024: The Least and the Most
3 months, 1 week ago

Affordable Cities in India in 2024: The Least and the Most

The Hindu  

Affordable Cities in India in 2024: Finding an affordable city in India can be a game-changer, especially in 2024 when the cost of living has been varying significantly. 2024: The Most Affordable Cities in India A recent analysis was done by a market source investigating the price-to-income ratio and the EMI-to-income ratio in various cities of the country. According to …

Bangalore Real Estate Boom: Sales Surge 30% in Q2 2024
3 months, 1 week ago

Bangalore Real Estate Boom: Sales Surge 30% in Q2 2024

The Hindu  

Bangalore Real Estate experienced a double-digit surge in the second quarter of 2024. The obstacles faced by Bangalore Real Estate: The Bangalore real estate market encountered numerous obstacles this year, such as water shortages and inundation. Bangalore Real Estate: Affordability Challenges Rising housing prices are affecting affordability, especially for first-time buyers. Sources in Bangalore real estate have shared their views, …

‘India will double its luxury car sales by 2030’
3 months, 2 weeks ago

‘India will double its luxury car sales by 2030’

The Hindu  

India will sell more than 1,00,000 luxury cars a year by 2030, up from 48,500 sold last year, said Balbir Singh Dhillon, Head, Audi India. ‘‘Luxury segment in the Southeast Asian market, even in reasonably developing countries, not obviously the size of India, account for 5-6% of the total car market and in some countries, including Taiwan, it goes up …

25 ultra luxury housing deals worth ₹2443 crore transacted across top cities
3 months, 2 weeks ago

25 ultra luxury housing deals worth ₹2443 crore transacted across top cities

Hindustan Times  

A total of 25 ultra-luxury homes priced more than ₹40 crore were sold in Mumbai, Hyderabad, Gurugram and Bengaluru in the first eight months of 2024 for a collective sales value of approximately ₹2,443 core, Anarock data showed. A total of 25 ultra-luxury homes priced more than ₹ 40 crore were sold in Mumbai, Hyderabad, Gurugram and Bengaluru in the …

India’s luxury housing sales rise; what is driving premium real estate demand?
3 months, 3 weeks ago

India’s luxury housing sales rise; what is driving premium real estate demand?

Live Mint  

Housing sales in India hit an 11-year high of 1.73 lakh units between January and June, according to a report by global real estate consultants Knight Frank. The luxury housing segment contributed around 41 per cent of the real estate sector's sales growth from January to June. Delhi-NCR sold around 3,300 luxury homes in the first half of 2024, a …

Bengaluru's top real estate deal: Residential property sells for ₹47 crore in Indiranagar
3 months, 3 weeks ago

Bengaluru's top real estate deal: Residential property sells for ₹47 crore in Indiranagar

Hindustan Times  

In a high-end real estate transaction in Bengaluru's Indiranagar locality, a residential property has been sold for ₹47.5 crore, property registration documents accessed through proptech platform Zapkey showed. Bengaluru real estate: Residential property sells for ₹ 47 crore in Indiranagar As per details cited in the said documents, the 8,800-square feet land parcel housing an independent residential unit spanning a …

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study
3 months, 3 weeks ago

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study

ABP News  

Indians are increasingly demanding for rental units in the range of Rs 20,000 to Rs 30,000 per month, a latest study revealed. The rent range of Rs 10,000 to Rs 20,000 was the second highest in demand at 22 per cent in the domestic housing market. Meanwhile, Delhi saw individuals preferring units with a rent range of Rs 50,000 to …

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report
3 months, 3 weeks ago

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report

Hindustan Times  

Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30%, a report by Credai, Colliers and Liases Foras has said. Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30% Positive homebuyer sentiment and …

Bengaluru's Bagaluru, Whitefield ranked 1st, 3rd in highest housing price appreciation
3 months, 4 weeks ago

Bengaluru's Bagaluru, Whitefield ranked 1st, 3rd in highest housing price appreciation

Hindustan Times  

Housing prices in Bengaluru's Bagaluru rose highest by 90 per cent since 2020, while Dwarka Expressway in Delhi-NCR ranked 4th with 79 per cent average appreciation, according to Anarock. READ | Bengaluru police debunk viral 'free ride for women' hoax, say no late-night lift service available NCR's Dwarka Expressway is in the 4th position with a 79 per cent price …

Bengaluru real estate: Here's a look at the top luxury property deals reported in the IT capital this year
4 months ago

Bengaluru real estate: Here's a look at the top luxury property deals reported in the IT capital this year

Hindustan Times  

While Mumbai is synonymous with the uber luxury property segment in India, high-end residential units have seen growing demand in Bengaluru of late. Top luxury property deals reported in the Bengaluru this year Earlier this year, Ajit Isaac, chairman and managing director of Bengaluru-based company Quess Corp, had bought a 10,000 sq ft property worth ₹67.5 crore in Koramangala area, …

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA
4 months, 2 weeks ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times  

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

Delhi-NCR real estate market: Affordable housing sales share dips to 24% in H1 2024, luxury sales touch 45%
4 months, 3 weeks ago

Delhi-NCR real estate market: Affordable housing sales share dips to 24% in H1 2024, luxury sales touch 45%

Hindustan Times  

Out of NCR's total housing sales of approximately 32,200 units in H1 2024, over 45% share was in the luxury segment, and 24% in the affordable segment. Gurugram saw the highest luxury sales in Delhi-NCR at approximately 10,365 units, followed by Noida and Greater Noida together at 3,550 units Of the total luxury sales in NCR in H1 2024, Gurugram …

Bengaluru Tops Indian Real Estate: Q2 2024 Sales Report
4 months, 3 weeks ago

Bengaluru Tops Indian Real Estate: Q2 2024 Sales Report

The Hindu  

Bengaluru tops Indian real estate in q2 2024 on the sales and launches front. Notably, however, the total unit launches in the first half-yearly period of 29,153 units have already crossed 60 percent of the maximum unit launches recorded in a year, the report explained on Bengaluru tops Indian real estate in Q2 2024. At the same time, it was …

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches
4 months, 4 weeks ago

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches

Hindustan Times  

Bengaluru has emerged as the premier residential real estate market in India with 18,548 housing units sold and 16,537 homes launched during the April-June period of the ongoing calendar year, according to JLL Research. Bengaluru tops housing sales and launches pan India in Q2 2024 The IT capital accounted for approximately 21% of the total residential launches and around 23% …

Luxury Housing Sales Up 40 PC in June Qtr
5 months ago

Luxury Housing Sales Up 40 PC in June Qtr

Deccan Chronicle  

Chennai: Luxury housing sales were up 40 per cent in the June quarter and 27 per cent in the first half of the calendar year. During the Apr-June’24 quarter, the luxury housing segment across the top cities registered a 40 per cent increase in sales. Luxury housing sales were up 27 per cent to 8500 units against 6700 units in …

Luxury housing sales increase by 27% in the Jan-June period in 2024; Delhi-NCR tops list
5 months ago

Luxury housing sales increase by 27% in the Jan-June period in 2024; Delhi-NCR tops list

Hindustan Times  

More than 8500 luxury housing units were sold in the January to June 2024 period compared to around 6,700 units during the same period last year registering an almost 27% increase in sales. Delhi-NCR, Mumbai, and Hyderabad emerged as prominent markets, accounting for nearly 84% of the total luxury housing sales of units priced more than ₹4 crore across the …

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units
5 months, 1 week ago

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units

Hindustan Times  

Real estate developers' focus on the premium housing segment priced between ₹3-5 crore led to launches growing by around 170% year-on-year, luxury segment priced above ₹5 crore followed with 116% growth. Real estate developers' focus on the premium housing segment led to launches growing by around 170% year-on-year, luxury segment followed with 116% growth, a report by JLL said New …

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report
5 months, 1 week ago

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report

Hindustan Times  

Mumbai saw sales of luxury homes, priced ₹10 crore and above, touch ₹12,300 crore during the January to June period which was an 8% increase over the first half of the 2023 calendar year, according to a report by India Sotheby's International Realty and CRE Matrix. Mumbai’s luxury housing sales grew 8% in H1 2024 to touch ₹ 12,300 crore …

Real estate sales in H12024: Mumbai luxury housing deals drive growth, most buyers in 35-55 age bracket
5 months, 1 week ago

Real estate sales in H12024: Mumbai luxury housing deals drive growth, most buyers in 35-55 age bracket

Live Mint  

The real estate market of India is going through premiumisation and the luxury housing segment accounted for 41 per cent of sales growth in the first half of 2024, according to a Knight Frank India real estate sector report. Mumbai's luxury realty sector recorded a cumulative highest-ever half-yearly sales from luxury housing at ₹12,300 crore in the first half of …

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger
5 months, 1 week ago

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger

Hindustan Times  

Housing sales in the top eight cities fell 6% during the April-June period of 2024 compared to the previous quarter and new launches came down with both homebuyers and developers adopting a wait-and-watch approach ahead of the Lok Sabha polls, a quarterly analysis by digital real estate brokerage firm PropTiger.com showed. Housing sales in the top eight cities fell 6% …

Mumbai sells record ₹12,300 cr of luxury homes in Jan-June period as buyers upgrade to bigger apartments
5 months, 1 week 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 …

Bengaluru Real Estate Prices have soared by 57% increase
5 months, 2 weeks ago

Bengaluru Real Estate Prices have soared by 57% increase

The Hindu  

Bengaluru Real Estate prices have jumped by 57% as per a report which has been released by Anarock. Bengaluru real estate In H1 2024, the housing sales were higher than the new launches with approximately 34,100 units being sold which was an 11% increase compared to the previous year. The report added that this represents a potential diversification of the …

Bengaluru's residential property prices jumped 57 per cent in the last 5 years: Report
5 months, 2 weeks ago

Bengaluru's residential property prices jumped 57 per cent in the last 5 years: Report

Hindustan Times  

Residential property prices in Bengaluru have jumped 57 per cent in the last 5 years, as per 'Bengaluru's Real Estate - Your Gateway to Opportunity' report released by ANAROCK. The housing sales in Bengaluru exceed new launches in the first half of 2024 with about 34,100 units sold - up 11 per cent over H1 2023. The average office rentals …

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales
5 months, 2 weeks ago

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales

Business Standard  

India's residential real estate market is experiencing a surge in activity, fueled by a robust economy and growing demand for luxury living. A new report by Knight Frank, titled "India Real Estate: Residential and Office, revealed that the first half of 2024 witnessed a significant jump in residential unit sales across India's top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, …

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
5 months, 2 weeks ago

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline

Hindustan Times  

Housing sales hit an 11-year high with 1.73 lakh units sold across the top eight Indian cities. NCR and Mumbai accounted for almost half of premium category sales in H1 2024, a new report by Knight Frank India showed. Home sales surged by 11% YoY to touch 1.73 lakh units sold across the country’s top eight markets in H1 2024, …

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises
6 months ago

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises

News 18  

With more supply hitting the top 7 cities’ markets, overheated housing rents are stabilising. Latest Anarock data shows that average residential rental prices across key markets in these cities saw a 2-4% quarterly rise in Q2 2024 to date over the preceding quarter. Sohna Road and Dwarka saw their respective quarterly rents increase by 3% and 2% in Q2 2024; …

Why is there a rush to own luxury apartments in Oberoi Realty's Three Sixty West project in Mumbai?
6 months, 3 weeks 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 …

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth
7 months, 1 week ago

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth

Hindustan Times  

Average housing prices increased by 10% annually during Q1 2024 on the back of strong residential demand. While each of the top eight cities witnessed annual price appreciation, average housing prices in Bengaluru, Delhi NCR, Ahmedabad, and Pune registered double digit growth, a report has said. Bengaluru witnessed the maximum price increase of 19% Bengaluru witnessed the maximum price increase …

Share of luxury homes' sales now almost at par with affordable housing units
7 months, 2 weeks ago

Share of luxury homes' sales now almost at par with affordable housing units

Hindustan Times  

The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing has seen a sharp decline, dropping to 20% from 37% in the same period, data shared by Anarock has shown. The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing …

Luxury Home Sales Up 10 per Cent, Hyderabad Sees 2x Growth
7 months, 3 weeks ago

Luxury Home Sales Up 10 per Cent, Hyderabad Sees 2x Growth

Deccan Chronicle  

Chennai: Sales of luxury homes witnessed 10 per cent growth in the March quarter, while Hyderabad saw the highest growth of 110 per cent. The luxury segment housing units priced Rs 4 crore and above recorded a 10 per cent growth during Jan-Mar ’24. According to CBRE, new launches in the luxury segment saw 64 per cent growth during the …

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