Forbes India explores luxury real estate trends, driven by high-net-worth individuals and booming equity markets. It showcases opulent homes and architectural innovations.
Karan Bhagat buys two sea-view units in Oberoi Realty’s Three Sixty West for over Rs 170 crore, among other high-end transactions in Mumbai’s luxury market.
Real estate developers are aggressively acquiring land in India, particularly in major cities, driven by high housing demand. This trend is expected to continue in 2024, with Tier-1 and developing areas remaining hotspots.
DLF, Macrotech, and Godrej Properties are highlighted as top real estate firms in a recent Burgundy Private Hurun India report. The sector shows promising growth prospects.
Mumbai developers like Oberoi Realty, Godrej Properties, and Hiranandani Group are acquiring land in Ayodhya, driving property price increases by 179% post-temple opening.
Mumbai land prices, already the highest in India, are expected to continue their 15 percent decline this year due to high borrowing costs and the need for developers to sell.
Shares of Mumbai-based real estate firms fell sharply following reports of a proposed stamp duty hike by the Maharashtra government, prompting concerns over market demand.