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Sale of luxury homes, priced ₹4 cr and above, up 53% in 2024
Hindustan Times West UP
|January 16, 2025
Luxury homes, each costing ₹4 crore and above, were in much demand last year with sales rising 53% to 19,700 units across seven major cities, according to CBRE.
NEW DELHI: In the 2023 calendar year, the sales of housing units, each priced ₹4 crore and above, stood at 12,895 units.
Sales of luxury homes in this price category were maximum in Delhi-NCR at 10,500 units during 2024 as compared to 5,525 units in the preceding year.
Anshuman Magazine, chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "The residential real estate market is driven by strong fundamentals underpinned by robust end-user demand. We expect this momentum to continue, with both sales and new housing unit launches to remain steady in the coming quarters."
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