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Sales of homes above Rs 4 cr surge 38%, driven by Delhi-NCR and Mumbai


//business-finance.news-articles.net/content/202 .. -cr-surge-38-driven-by-delhi-ncr-and-mumbai.html
Published in Business and Finance on Monday, December 2nd 2024 at 1:00 GMT by Bill Williamson   Print publication without navigation

  • 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

The article from Business Standard discusses a significant surge in the sales of luxury homes priced above Rs 4 crore in India, with a 38% increase noted in the first nine months of 2023 compared to the same period in the previous year. This growth is primarily driven by demand in Delhi-NCR and Mumbai, where buyers are increasingly opting for high-end properties. The trend reflects a broader market shift towards luxury real estate, fueled by factors such as rising disposable incomes, a desire for better amenities, and a post-COVID preference for larger, more luxurious living spaces. The article highlights that this segment of the market is not only resilient but also expanding, with developers focusing on creating ultra-luxury projects to cater to this niche yet growing demographic.

Read the Full Business Standard Article at:
[ 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 ]

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