Of the total of 25 ultra-luxury homes sold in 2024 so far, at least 20 were high-rise apartments worth nearly Rs 1,694 crore. https://www.news18.com/business/real-estate/ultra-luxury-home-sales-hit-rs-2443-crore-in-8-months-mumbai-hyderabad-gurgaon-top-markets-9039903.html#goog_rewarded
Maharashtra Govt to Deliberate on Stamp Duty Relief https://timesproperty.com/news/post/buying-agricultural-land-grow-your-money-alongside-crops-blid7422?offset=1
In terms of sale bookings, Mumbai-based Godrej Properties witnessed pre-sales of Rs 8,637 crore in the April-June quarter while Delhi NCR-based DLF Ltd reported more than three-fold jump in its sale bookings at Rs 6,404 crore during the same period. https://www.moneycontrol.com/news/business/real-estate/major-realty-firms-sell-properties-worth-rs-35000-cr-in-q1fy25-godrej-properties-tops-list-12811670.html
India’s tier-I real estate markets have entered into the ‘transparent’ zone for the first time, driven by institutionalisation of commercial assets and improvement in access to diverse real estate data https://www.business-standard.com/industry/news/global-real-estate-transparency-index-2024-india-ranks-31-uk-leads-list-124082700844_1.html
The ‘Prime Global Cities Index Q2 2024’ report notes that the average annual price increase across 44 key residential markets worldwide was 2.6% in the 12-month period ending June 2024. However, Indian cities have bucked this global trend, with Mumbai, New Delhi, and Bengaluru all registering robust growth in their prime residential property markets. https://www.cnbctv18.com/real-estate/mumbai-and-delhi-lead-global-surge-record-price-hikes-in-prime-residential-markets-19464699.htm
The investments are primarily directed towards office spaces (54 to 56 per cent), unlike earlier when the investments were more focused on the residential real estate sector. https://www.business-standard.com/industry/news/india-s-tier-1-real-estate-market-becomes-transparent-for-the-first-time-124082700933_1.html
Hyderabad’s Kokapet is ranked second with 89 per cent price appreciation https://www.moneycontrol.com/news/business/real-estate/avg-housing-prices-up-90-in-bengalurus-bagaluru-since-2020-79-at-dwarka-expressway-12807332.html
New Metro corridors in Bengaluru and Maharashtra likely to act as a catalyst for the growth of housing, office and retail markets. https://www.hindustantimes.com/real-estate/cabinets-approval-of-three-metro-projects-in-maharashtra-and-bengaluru-expected-to-lead-to-growth-of-real-estate-sector-101723825781050.html
Major real estate transactions and acquisitions after 2020 bolstered the region’s stronghold on residential housing. For example, Birla Estates, the real estate arm of Century Textiles and Industries, has agreed to jointly develop a prime 52-acre land parcel in North Bengaluru with MS Ramaiah Realty LLP. https://www.moneycontrol.com/news/business/real-estate/north-west-bengaluru-residential-prices-expected-to-grow-faster-than-city-average-holds-potential-to-decongest-city-12796345.html
Three Sixty West remains at the pinnacle of Mumbai’s luxury real estate landscape, attracting some of the most prominent figures from various sectors. From business tycoons like Radhakishan Damani and BK Goenka to Bollywood stars such as Shahid Kapoor, the residential complex has become a symbol of elite living. https://www.financialexpress.com/life/lifestyle-radhakishan-damanis-rs-1238-crore-flats-to-bk-goenkas-rs-240-crore-penthouse-list-of-billionaires-and-celebrities-who-bought-houses-in-mumbai-in-2023-24-3579990/
