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Luxury homes of ₹50 cr or more in high demand
The New Indian Express
|March 27, 2024
SALES of ultra-luxury housing units, priced ₹50 crore and above, rose 51% year-on-year in value to ₹4,319 crore in 2023, according to real estate consultant JLL India.
The data showed that 45 homes, priced ₹50 crore and above, were sold last year as against 29 homes sold in 2022.
Notably, out of the 45 luxury homes sold in 2023, 14 homes were in the price segment of ₹100 crore and above, with the majority (79%) of them in Mumbai. The momentum in this niche segment remains high as in the first two months of 2024, at least four homes priced at 50 crore and above have been sold with a combined worth of ₹397 crore.
This story is from the March 27, 2024 edition of The New Indian Express.
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