Sale Of Houses Worth Over Rs 4 Crore Up By 97%, Delhi-NCR Accounts For...
NDTV
The report said Delhi-NCR, Mumbai, and Hyderabad accounted for 90 per cent of the total luxury housing sales in the period.
Sale of luxury homes worth Rs 4 crore and more jumped 97 per cent year-on-year in the seven major cities of India between January and September 2023, a report from real estate firm CBRE said today.
The report said Delhi-NCR, Mumbai, and Hyderabad accounted for 90 per cent of the total luxury housing sales in the period. Delhi-NCR accounted for 37 per cent of the sales, Mumbai for 35 per cent, and Hyderabad for 18 per cent. Pune accounted for the remaining 4 per cent.
Several factors propelled the surge in luxury housing sales, including a robust economy, burgeoning disposable incomes, an aspiration for enhanced living standards, and a dearth of luxury residences in major metropolitan areas.
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