Luxury Housing Sales: There has been a huge surge in the demand for luxury housing in the year 2023. During the nine months from January to September, sales of luxury homes costing more than Rs 4 crore have almost doubled by 97 percent. The country’s real estate consulting company CBRE South Asia has said these things in its report.
CBRE South Asia has released a report named India Market Monitor (India Market Monitor Q3 2023) on the trends in the housing markets of the residential sector of the top seven cities of the country. According to the report A total of 9,246 houses priced above Rs 4 crore have been sold in the nine months between January and September of the year 2023. Whereas a total of 4,689 houses were sold during the same period in 2022. In which maximum sales of luxury homes have been seen in Delhi-NCR.
A total of 3409 housing units worth more than Rs 4 crore have been sold in Delhi NCR from January to September 2023. Whereas in the same period in 2022, a total of 1,511 units were sold. Hyderabad has also seen a huge surge in luxury housing sales. A total of 1,660 housing units were sold in the same period in 2023, while a total of 138 units were sold in 2022. 332 luxury homes have been sold in Pune whereas 82 luxury homes were sold in 2022. In Mumbai, 3,252 luxury homes were sold in the first nine months of 2023, while 2,398 luxury homes were sold in 2022.
According to the report, if Delhi NCR, Mumbai and Hyderabad are included, 90 percent of luxury housing sales have been seen in these cities. In which Delhi NCR’s share is 37 percent. Mumbai’s is 35 percent, Hyderabad’s is 18 percent and Pune’s is 4 percent.
Anshuman Magazine, Chairman-CEO of CBRE India, South-East Asia, Middle East and Africa, said that demand has increased in the premium housing segment. Also, the demand for premium luxury segment is going to increase further. In fact, due to global macroeconomic instability, HNIs and NRIs can invest in this segment to protect their investments.
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