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Ultra-luxury home sales strong in 2024, Mumbai dominates market with 84% share
The Daily Guardian
|September 09, 2024
Despite rising property prices, the sale of ultra-luxury homes, those priced over Rs 40 crore, has continued to thrive in 2024, ANAROCK observed in a recent report.
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As per the report, the average ticket price of homes priced above Rs 40 crore has witnessed a 2 per cent rise in the last 8 months--from Rs 1,00,208 per sq. ft. in 2023 to Rs 1,02,458 per sq. ft. in August 2024 According to the observation, a total of 25 such homes were sold across Mumbai, Hyderabad, Gurugram, and Bengaluru in the first eight months of the year, generating a collective sales value of approximately Rs 2,443 crore.
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