The surge in demand for luxury property saw sales hit ₹4,316 crore during the first 11 months, higher than the total residential sales in 2023 at nearly ₹4,036 crore, as per Anarock Research.
The trend of luxury property buys is expected to continue in 2025.
"The luxury segment is poised for sustained growth, driven by several factors including the increasing number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) in India," said Prashant Thakur, regional director & head - research, Anarock.
The steady appreciation in luxury property values, combined with India's growing wealth creation and economic stability, is creating a strong foundation for sustained growth in this segment, he added.
Recently Mumbai-based Oberoi Realty acquired 81 acres of land in the coastal town of Alibaug near Mumbai. The company plans to develop luxury five-star hotels and 150 high-end fully serviced, branded villas as part of the project.
Denne historien er fra December 30, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 30, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
Infy: Improvement in discretionary demand
● Expects strong revenue growth of 5-7.9% in FY26
Sensex adds 454 pts, Nifty ends near 23,350; banks, metals, financials lead
BENCHMARK SENSEX SPURTED by 454 points and Nifty closed above 23,300 on Monday following gains in banking, financial and power stocks amid firm global trends.
Trump 2.0
India has to play its strategic cards well as campaign rhetoric often differs from governing realities
Q-comm boom leaves brands in queues
This has made their evaluation and onboarding processes more stringent.
Central Bank of India profit jumps 33%
CENTRAL BANK OF India on Monday reported a 33% year-on-year rise in its net profit to ₹959 crore for the quarter ended December.
Bachchan's ₹83-crore deal: Mumbai property market sizzles again
Stars Heating Up City Realty
Nazara raises ₹495 cr from existing investors
GAMING AND ESPORTS company Nazara Technologies raised ₹495 crore through a preferential share issue to Axana Estates.
Govt allows 1 MT of sugar exports after gap of a year
● Traders welcome move; sugar firms' share prices rise
Kotak Bank to Maintain Its Margins
Aided by a rate-cut cycle & led by growth in high-yielding assets
