The shift toward peripheral areas has been largely driven by the availability of land, which has allowed developers to construct larger, more luxurious residential projects https://www.business-standard.com/finance/personal-finance/69-appreciation-in-6-yrs-peripheries-of-bengaluru-noida-top-prime-areas-124121000444_1.html
In terms of quantum luxury residential unit sales, Delhi-NCR topped with sales of around 5,855 units, a 72% Y-o-Y increase, followed by Mumbai at around 3,820 units, recording 18% Y-o-Y growth https://www.business-standard.com/finance/personal-finance/sales-of-homes-above-rs-4-cr-surge-38-driven-by-delhi-ncr-and-mumbai-124120200249_1.html
Projected sales of 485 million sq ft residential space highlight robust market growth, significant economic impact and consumer confidence in urban real estate. https://www.hindustantimes.com/real-estate/yearender-2024-housing-sales-across-delhi-ncr-mumbai-bengaluru-hyderabad-expected-to-touch-3-05-lakh-units-101733380242150.html
In 2024, the real estate market in India saw a shift towards luxury properties, with demand skyrocketing for homes priced between ₹10 crore and ₹80 crore. https://www.hindustantimes.com/real-estate/yearend-2024-real-estate-emerged-as-a-new-status-symbol-luxury-homes-the-top-investment-choice-of-the-rich-101733244539010.html
As many as 84% of the total 10,200 properties registered in Mumbai in November 2024 were from the western and central suburbs of Mumbai https://www.hindustantimes.com/real-estate/mumbai-real-estate-market-western-and-central-suburbs-emerge-as-key-hotspots-for-real-estate-investment-101733211991775.html?utm_source=linkedin
