Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales
6 months 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, and Hyderabad. "“Mumbai’s primary residential market has recorded the highest half-yearly sales volume since H1 2012 with a remarkable 16% year-on-year growth. This notable growth in Mumbai's residential real estate is attributed to a favourable economic climate, rising disposable incomes, a growing preference for larger homes, and it is further aided by Government initiatives under the PMAY scheme to construct 3 cr houses," said Gulam Zia, Senior Executive Director at Knight Frank India. "The residential market has recorded a significant rise of 11% YoY anchored by the premium category, that formed 34% of all sales in H1 2024.

India Growth Luxury Bengaluru Mumbai Housing Market 2024 Units Knight Frank Ncr Yoy Total Sales Rs 1 Crore Knight Frank India Premium Properties Residential Sales Sales Total  market  cr  luxury  booms  realty  residential  sales  total  2024  indias  units  rs  growth  housing  homes  h1  41

History of this topic

Real estate sector faces challenges amid declining home sales and high prices
1 week, 3 days ago

Real estate sector faces challenges amid declining home sales and high prices

Hindustan Times  

India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. After increasing by an average of 21% last year, India's primary housing market may have a small single-digit price increase in …

Year-ender 2024: Residential transactions cross 5.7 lakh mark, property prices jump 60% in 5 years
1 week, 4 days ago

Year-ender 2024: Residential transactions cross 5.7 lakh mark, property prices jump 60% in 5 years

Hindustan Times  

The Indian residential sector clocked 5.77 lakh property transactions in 2024, up by 4% from 5.56 lakh in 2023. Mumbai recorded the highest number of residential transactions worth ₹1.6 lakh crore with over 1.3 lakh units. Bengaluru and Pune followed with ₹0.6 lakh crore of residential transactions with 0.8 lakh and 1 lakh units, respectively. Western India dominated residential transactions …

India’s housing market in de-growth phase, pins hopes on Budget
1 week, 5 days ago

India’s housing market in de-growth phase, pins hopes on Budget

Live Mint  

New Delhi, New home sales in India declined for the first time since the pandemic, as a sharp rise in housing prices and elevated borrowing costs ruined buyers' appetite in 2024 and the real estate industry is now eyeing the upcoming Budget for favourable economic conditions a key to reviving demand conditions. India's residential real estate market, estimated to be …

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat
1 week, 5 days ago

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat

Live Mint  

Come 2025, India’s real estate developers will double down on luxury and premium housing, leaving the affordable segment to catch up. “We are strategically leveraging the robust demand in the luxury real estate segment by curating projects that align with the evolving preferences of modern buyers," said Robin Mangla, president, M3M India. DLF Ltd, India’s largest listed real estate company, …

Housing supply up 44 pc in NCR this year to 53K units; luxury home share in launches 60 pc: Anarock
1 week, 6 days ago

Housing supply up 44 pc in NCR this year to 53K units; luxury home share in launches 60 pc: Anarock

Live Mint  

New Delhi, The Delhi-NCR housing market witnessed a 44 per cent growth in new supply this year to 53,000 units, of which nearly 60 per cent were ultra-luxury homes priced above ₹2.5 crore each, according to Anarock. As per the Anarock data, Delhi-NCR launched 53,000 new housing units in 2024 a significant 44 per cent rise over 2023. According to …

Mint Primer | Why 2024 was a mixed bag for the housing sector
2 weeks, 1 day ago

Mint Primer | Why 2024 was a mixed bag for the housing sector

Live Mint  

Residential sales in the top seven cities saw a slight fall this year compared with 2023, against hopes they would touch a new peak in 2024. The sector’s growth momentum was dented not just by lower sales but also the new supply pipeline, as per Anarock Property Consultants. While sales saw a dip, they were offset by a 16% jump …

India real estate: Housing sales marginally down by 4% in top seven cities, Kolkata and Chennai the most hit: ANAROCK
2 weeks, 2 days ago

India real estate: Housing sales marginally down by 4% in top seven cities, Kolkata and Chennai the most hit: ANAROCK

Hindustan Times  

Housing sales in the top seven Indian cities witnessed a marginal fall of 4% in 2024, with over 4.59 lakh units being sold compared to over 4.76 lakh units in 2023, according to the data of ANAROCK, a real estate consultancy. India real estate update: Housing sales in the top seven Indian cities witnessed a marginal fall of 4% in …

Delhi NCR beats Bengaluru, Mumbai in residential price growth; leads housing price index
2 weeks, 5 days ago

Delhi NCR beats Bengaluru, Mumbai in residential price growth; leads housing price index

Hindustan Times  

Driven by strong end-user demand and investor interest, the Delhi National Capital Region has shown significant appreciation in residential prices with a Housing Price Index of 178 between June to September, a joint study by Housing.com and the Indian School of Business on December 23 showed. Delhi National Capital Region has shown significant appreciation in residential prices with a Housing …

Year-ender 2024: Housing sales expected to fall by 21% annually; Hyderabad likely to witness maximum drop in sales
3 weeks ago

Year-ender 2024: Housing sales expected to fall by 21% annually; Hyderabad likely to witness maximum drop in sales

Hindustan Times  

Housing sales are expected to plunge 21 per cent annually across nine major cities during the October-December quarter to 1.08 lakh units, according to a report by PropEquity on December 21. Hyderabad likely to witness maximum drop in sales Housing sales in Hyderabad are estimated to have fallen 47 per cent to 12,682 units during October-December 2024 from 24,044 units …

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

India: Premium Products Outshine Mass Market in H1FY25
1 month ago

India: Premium Products Outshine Mass Market in H1FY25

Deccan Chronicle  

Chennai: While mass market consumption products grew by single digits in H1FY25, premium products saw double-digit growth. While rising disposable incomes in mid and upper-middle-income households supported consumption of premium products, stagnant real wages amidst inflation affected the spending of lower income households. In H1FY25, personal products, footwear, plastic products, restaurants, paints, tractors, real estate and entertainment in the mass …

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 …

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report
1 month 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
1 month 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. …

Avg housing prices up 11pc in Jul-Sep in 8 cities, highest 32pc rise in Delhi-NCR: Report
1 month, 1 week ago

Avg housing prices up 11pc in Jul-Sep in 8 cities, highest 32pc rise in Delhi-NCR: Report

Live Mint  

New Delhi, Dec 2 India's eight major residential markets saw an average 11 per cent increase in prices annually during the September quarter on strong housing demand, with Delhi-NCR witnessing the highest appreciation at 32 per cent, according to a report. "Average housing prices across the top eight markets in India rose 11 per cent Y-o-Y at ₹11,000 per square …

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 …

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey
1 month, 1 week 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
1 month, 1 week 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
1 month, 2 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 …

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment
1 month, 2 weeks 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, 2 weeks 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 …

Real estate prices in Delhi-NCR up by 56% to ₹1.45 crore in H1 FY25, Mumbai rates remain stable
1 month, 3 weeks ago

Real estate prices in Delhi-NCR up by 56% to ₹1.45 crore in H1 FY25, Mumbai rates remain stable

Hindustan Times  

The average home price in top seven cities touched ₹1.23 crore in H1 FY25, up 23% in a year. sold in H1 FY 2024, while H1 FY 2025 saw approximately 77,735 units worth approximately ₹1,14,529 crore sold, the analysis showed. In Hyderabad, H1 FY 2024 saw the average ticket size of sold units at ₹84 lakhs - this increased by …

Average Home Prices In Top 7 Cities Hit Rs 1.23 Crore, Anarock Data Reveals
1 month, 3 weeks ago

Average Home Prices In Top 7 Cities Hit Rs 1.23 Crore, Anarock Data Reveals

ABP News  

Average ticket size of homes sold in the top seven cities in India touched Rs 1.23 crore in the first half of the 2024-25 fiscal year, in comparison to Rs 1 crore in the same period a year earlier. The data showed that average ticket size climbed to Rs 1.21 crore in Bengaluru in H1FY25, in comparison to Rs 0.84 …

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, …

Buyers of homes worth ₹3 crore and above take the least time to buy property: Report
2 months ago

Buyers of homes worth ₹3 crore and above take the least time to buy property: Report

Hindustan Times  

Buyers of ultra luxury homes priced at ₹3 crore and above took the least time to decide on the purchase, approximately 15 days in H1FY 2025, while buyers of apartments priced between ₹50 lakh and ₹1 crore took almost a month to press the buy button, a report by Anarock has said. Buyers of ultra luxury homes priced at ₹ …

Realty Sector Surges 63%, Outperforms Nifty50
2 months ago

Realty Sector Surges 63%, Outperforms Nifty50

The Hindu  

Since the beginning of the year, the realty sector has been one of the best-performing industries. Leading Companies in the Realty Sector: Upbeat Forecast The real estate index has all of the big firms in it, like Godrej Properties, Lodha, DLF, and Prestige Estates. Resurgent Residential Demand Drives Real Estate Growth: While demand in the residential segment is more recent, …

Mumbai real estate: Residential property sales dip 14.79% in September
3 months, 1 week ago

Mumbai real estate: Residential property sales dip 14.79% in September

Hindustan Times  

Mumbai: The sale of residential homes in Mumbai took a beating this September as 14.79% lesser homes were sold during the month compared to September 2023, according to data from the state government’s department of registration and stamps. Property sales dip 14.79% in Sept ’24 A total of 10,693 homes were sold in September last year while this year, the …

Hyderabad records over 54,000 home sales worth more than ₹33,000 crore so far in 2024: Report
3 months, 3 weeks ago

Hyderabad records over 54,000 home sales worth more than ₹33,000 crore so far in 2024: Report

Hindustan Times  

Hyderabad has registered a total of 54,483 homes sales valued at ₹33,641 crore between January-August 2024. While this reflects a 17% year-on-year growth in the value of homes during the month, the number of registrations recorded a 1% moderation, said an analysis by real estate consultancy Knight Frank India. The Hyderabad residential market encompasses four districts - Hyderabad, Medchal-Malkajgiri, Rangareddy, …

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 …

‘India will double its luxury car sales by 2030’
4 months 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
4 months 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?
4 months, 1 week 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 …

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list
4 months, 2 weeks ago

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list

Hindustan Times  

Mumbai and New Delhi have recorded an annual increase in their real estate prices at 13% and 10.6% respectively, while Bengaluru has witnessed a modest 3.7% rise. Mumbai and New Delhi have recorded a sharp annual increase in their real estate prices at 13% and 10.6% respectively The Prime Global Cities Index is a valuation-based index tracking the movement of …

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

Hyderabad real estate market: Housing sales touch ₹58,000 crore in H1 2024
5 months ago

Hyderabad real estate market: Housing sales touch ₹58,000 crore in H1 2024

Hindustan Times  

Hyderabad recorded a five-year high during the first half of 2024 with ₹58,481 crore in total home sales value, according to a joint report by CRE Matrix and Credai Hyderabad. The two brackets accounted for ₹4,727 crore and ₹4,861 crore respectively in home sales value during H1 2024. The under ₹1 crore segment saw the highest number of units sold …

Hyderabad Homebuyers Drive ₹58,841 Crore Market in H1 2024
5 months ago

Hyderabad Homebuyers Drive ₹58,841 Crore Market in H1 2024

The Hindu  

During the first half of 2024, Hyderabad homebuyers bought 38,660 properties for Rs. Locality Wise Share by Hyderabad Homebuyers: In North West Hyderabad consisting of Serilingampally, Kukatpally, and Patancheru, 25,909 units worth ₹36,276 crores were bought by Hyderabad Homebuyers. Out of the total Hyderabad Homebuyers, South West Hyderabad region covering Mehdipatnam, Rajendra Nagar and Shamshabad sold 4,957 units accounting for …

Hyderabad real estate: High-end housing demand up; ₹1-2 crore units secure over 50% share
5 months, 1 week ago

Hyderabad real estate: High-end housing demand up; ₹1-2 crore units secure over 50% share

Hindustan Times  

Hyderabad’s high-end housing segment, comprising homes priced between ₹1-2 crore, has grown to account for almost half of the city’s residential sales and launches, a joint report by CBRE and CREDAI Telangana has said. High-end housing demand rises in Hyderabad; ₹ 1-2 crore units secure over 50% share According to the report, sales in the ₹1-2 crore segment, which held …

Delhi-NCR real estate market: Affordable housing sales share dips to 24% in H1 2024, luxury sales touch 45%
5 months, 1 week 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 …

Hyderabad's property registrations touch ₹12,000 crore in Q2 2024
5 months, 2 weeks ago

Hyderabad's property registrations touch ₹12,000 crore in Q2 2024

Hindustan Times  

Hyderabad's property registrations increased 11% year-on-year to 19,574 transactions, amounting to a total of ₹11,953 crore during the April-June period of 2024, according to a report released by proptech firm Square Yards on July 25. Homebuyers in Hyderabad are opting for bigger and costlier homes, report says The registered home sales value grew 27% annually while the number of transactions …

Luxury Housing Sales Up 40 PC in June Qtr
5 months, 3 weeks 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, 3 weeks 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 …

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY
5 months, 3 weeks ago

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY

Hindustan Times  

Hyderabad registered a total of 7,014 residential properties amounting to ₹4,288 crore in the month of June 2024, according to a report released by property consultancy Knight Frank India on July 15. Hyderabad registers 7,014 housing units worth ₹ 4,288 crore in June 2024 During the first half of the year, a cumulative 39,220 residential units worth ₹24,287 crore were …

Hyderabad experiences decline in residential sales in Q2 2024: Report
5 months, 3 weeks ago

Hyderabad experiences decline in residential sales in Q2 2024: Report

The Hindu  

Hyderabad experienced a significant drop in new residential launches during the April-June quarter of 2024. A recent report by PropTiger.com revealed that the city recorded sales of 12,296 residential units in Q2 2024, a 14% decrease from Q1 2024, which saw 14,298 units sold. The report, titled ‘Real Insight Residential-April-June 2024,’ highlighted that housing sales across India’s eight prime residential …

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units
5 months, 4 weeks 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, 4 weeks 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, 4 weeks 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
6 months 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
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 …

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