Mumbai's luxury real estate market is thriving with Macrotech Developers selling a 15,000 sq ft apartment in Lodha Sea Face for Rs 187 cr. This transaction highlights Worli's appeal due to its prime location and high value.
Luxury real estate transactions surged in India before the fiscal year's end, with ticket sizes ranging from ₹10 crore to over ₹100 crore. Experts attribute this to several factors including capital gains reinvestment limits and market volatility.
Mumbai developers are focusing on premium residential properties as the market recovers, with high-value transactions ranging from Rs 5 crore to Rs 35 crore.
Three high-value housing deals totaling Rs 300 crore have been closed in Delhi's Golf Links area. GMR, an auto dealer, and Naresh Gujral are among the buyers.