Luxury home sales soared by 40% in Q1 2024, while affordable housing sales dipped 20%. High-net-worth individuals and evolving lifestyle preferences drive luxury real estate demand in cities like Greater Noida and Gurgaon.
India's luxury housing market is booming, driven by rising incomes, NRI investment, and a preference for upscale living. Sales of luxury homes have tripled in five years, with key cities like Delhi-NCR and Mumbai leading the surge.
Branded residences are gaining popularity in India, with developers partnering with international brands like Armani and Four Seasons to offer ultra-luxury living experiences to high-net-worth individuals.
Farmhouses are gaining popularity among high-net-worth individuals as a status symbol and networking hub. Driven by lower land costs and relaxed regulations, demand is surging in metropolitan areas like Delhi and Mumbai, transforming these properties into venues for exclusive gatherings and events.