Luxury Housing

The luxury sector is over-indexed, with homes priced at Rs 2-3.5 crore growing at a faster rate

Luxury homes are mostly located in upscale neighbourhoods and provide facilities like expansive decks, project amenities like swimming pools, spacious parking and terrace gardens

Real estate major DLF has witnessed a record breaking pre-formal launch sales of more than Rs 8,000 crores for its luxury high-rise ;The Arbour' project in just 3 days

Many people want to upgrade their homes after the Covid-19 pandemic confined them indoors, industry executives say. Working from home has also led to a demand for larger apartments

Mumbai's rank has improved to 37th from 92nd in a global list of movement in prices of luxury homes as the city saw an appreciation of 6.4 per cent during 2022 calendar year, according to Knight Frank India. In a virtual conference, property consultant Knight Frank on Wednesday released its 'The Wealth Report 2023'. "The value of Prime International Residential Index (PIRI 100) that tracks the movement in luxury house prices across the world increased by 5.2 per cent YoY (year-on-year) in 2022," Knight Frank said. In the report, the consultant has analysed prime property price performances in 100 cities, and sun and ski locations globally. Out of 100, 85 locations recorded positive or flat price growth in 2022. "Globally, Mumbai's prime property market has witnessed a price appreciation of 6.4 per cent which moves up the city to 37th position on the PIRI 100 in 2022 as opposed 92nd in 2021," the consultant said. Prime properties in Mumbai are expected to witness an appreciation of

Deduction can be availed of under Section 54 and Section 54F in the same assessment year, thereby enhancing total limit, say tax experts

The impact will be short-term, and the boost in budgetary allocations towards infrastructure will keep the demand robust

The sample size of the survey is more than 500 HNIs and UHNIs

The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades

Experts attribute the trend to stamp duty cut by Maharashtra govt, reduction of prices by developers saddled with unsold inventory

The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country

Curated properties high on amenities catch fancy of a younger, moneyed India

14% of 184,000 units sold in the top seven Indian cities in the period were luxury homes

Sales of luxury homes priced over Rs 10 crore in Mumbai jumped more than two-fold during 2021 at Rs 20,255 crore, on the back of low interest rates on home loans and increased demand for bigger flats.

The company has launched Shapoorji Pallonji SKYRAA - a luxury residential project in Thane

Around 75 per cent wealthy people will look to buy luxury properties, worth more than Rs 5 crore, over the next two years in big cities as well as holiday destinations, according to a survey. India Sotheby's International Realty, one of the leading brokerage firms in luxury real estate space, has conducted a survey of over 200 HNIs (High Net worth Individuals) and ultra-HNIs to gauge the mood of the luxury real estate buyers across India's top 8 cities/regions -- Delhi-NCR, Mumbai, Kolkata, Bengaluru, Hyderabad, Pune, Chennai, and Goa. "An overwhelming 76 per cent respondents said they would look to buy real estate in the coming two years," according to the report 'Luxury Housing Outlook-2022'. This signals a very strong turnaround in sentiments for real estate amongst the wealthy in India, it added. Out of the 76 per cent wanting to buy real estate, 89 per cent would prefer luxury homes (city apartments, city bungalows and holiday homes), while the rest 11 per cent prefer premium

Realty major DLF Ltd said it has sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital, reflecting strong demand for luxury apartments.

If the current uptrend in demand persists, prices could begin to inch up

Emerging need for more space, greenery, light, ventilation and privacy are driving demand. If you're buying one, ensure the title is clear and the plans are duly sanctioned

With growing revenues and surging aspirations, demand for luxury products growing in Tier 2, 3 cities