India's luxury housing market saw a 10% YoY sales surge in Q1 2024, with Mumbai leading the demand. Driven by rising incomes and spending power, the segment is poised for continued growth.
Indian home prices are projected to increase by 4-6% this year, driven by rising incomes. CRISIL Ratings anticipates interest rate cuts to spur housing demand and sales.
India's ultra-rich are investing more in residential real estate, with 32% of their portfolio allocated to this sector, showing a shift in preferences and a growing appetite for luxury homes.
Casagrand Suncity, Chennai, sold over 900 units in 5 days. The 40-acre township, endorsed by Silambarasan, features Roman architecture, 130+ amenities and opulent apartments.
India's real estate market has flourished in 2023, particularly in luxury housing, with increased sales and strong demand across multiple segments, signaling ongoing growth.
Sales of luxury homes valued at Rs 4 crore and above rose 97% over the previous year in major Indian cities from January to September 2023.
India's luxury real estate market is experiencing high demand, with a 24% increase in the average cost of luxury housing units this year. Factors driving this growth include changing consumer behavior, a growing middle class, and the incorporation of smart technology and eco-friendly features in luxury homes.
Christie's International Real Estate enters Indian market, partnering with Himmat & Rohini Singh LLP to offer ultra-luxury homes and cater to increasing demand.
North Bangalore's residential market is booming with new apartments and luxury villas, offering options for all budgets. Premium and luxury housing options are concentrated around Hennur Road and Thanisandra, while mid-range options are available near the airport.
Flipkart's CEO Binny Bansal buys 10,000 sqft Bengaluru house for Rs 32 Cr
Pune's residential property market saw 4-6% price growth in 2016, driven by high demand and IT/ITeS sector growth, with affordable housing emerging as a key trend.
Actor Ranbir Kapoor reportedly purchased a Pali Hill apartment for ₹35 crore, significantly above the market value of ₹11 crore. The 2,460 sq ft flat boasts luxurious amenities.
In the first half of the year, India's major cities witnessed the launch of 1.32 lakh homes, a 5% increase compared to last year. New launches have declined in Q3.
Bollywood actor Imran Khan has paid tribute to his grandfather, Nasir Hussain, by naming his renovated ancestral home 'NH Bungalow'. The housewarming party was a star-studded event.
Meydan Group and Lodha Developers Ltd will collaborate to develop a $5.7 billion residential project in Dubai's Mohammad Bin Rashid City, featuring 1,500 homes and various amenities.
With the decline in gold prices, investors are opting for gold over real estate, causing a shift in investment patterns.
Rajkot's real estate market is rapidly growing in Gujarat, with consistent property value appreciation. Demand for 2 BHK units and luxury homes is on the rise.
A proposed 1% TDS on homes exceeding Rs. 50 lakh, outlined in Budget 2013, is set to take effect in June, potentially impacting luxury housing sales.
Blackstone anticipates a substantial profit of approximately ₹210 Cr from its joint venture with Embassy Property Developments in Bangalore, marking a significant Indian real estate investment.
Demand for luxury homes in India is surging, driven by NRIs, evolving lifestyles, and festive offers. Major cities see high demand for homes exceeding ₹20 crore, prompting developers to launch luxury projects.
Continued population growth in India creates a pressing need for additional housing, with major cities demanding over 2.1 million new units by 2016.
Gulshan Homz announces the launch of Gulshan Ikebana, a luxurious residential project at Sector 143B, Noida Expressway, featuring extensive high-rise apartments and numerous amenities.
The realty market witnesses a resurgence in demand for luxury homes, not just in prime locations like Bangalore and Mumbai but also in tier-II and tier-III cities like Nagpur and Ahmadabad.
Luxury homes meet high fashion: Sabyasachi Mukherjee to design 6 limited edition homes in Alibagh worth ₹1+ crore each
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.