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
Bengaluru tops in terms of socioeconomic performance; Delhi NCR leads in physical infra https://www.business-standard.com/industry/news/hyderabad-shines-as-fastest-growing-city-driven-by-real-estate-growth-124111900944_1.html
One of the primary reasons behind the growing interest from NRIs is the consistent rise in property prices in Indian cities, notes NoBorker co-founder Saurabh Garg. https://www.cnbctv18.com/real-estate/nri-investment-real-estate-sector-growing-prices-rental-income-india-sector-perspective-sourabh-garg-19510859.htm
NCR has seen an increase of 137% in housing prices on the back of renewed investor confidence, large-scale infrastructure development and rising cost of land https://www.hindustantimes.com/real-estate/noida-greater-noida-gurugram-and-ghaziabad-see-housing-prices-double-in-the-last-five-years-report-101731669127996.html
Mumbai holds the tag of being the costliest real estate market of the country where some apartments have been sold for ₹1.50 lakh per sq ft https://www.hindustantimes.com/real-estate/mumbai-real-estate-market-5-luxury-apartment-deals-that-cost-rs-100-crore-and-above-101731317216085.html
Ultra-luxury home buyers are financially equipped to make quicker decisions. Buyers of affordable homes take longer to book homes https://www.hindustantimes.com/real-estate/buyers-of-homes-worth-rs-3-crore-and-above-take-the-least-time-to-buy-property-report-101731320201851.html
A report by Knight Frank India also said that while 79% Baby Boomers, 80% of Gen X, and 82% of millennials favour homeownership, Gen Z prefer to rent https://www.hindustantimes.com/real-estate/home-loans-emerge-as-top-financing-choice-for-potential-home-buyers-report-101730976713380.html?utm_source=linkedin
