Luxury home sales in top Indian cities jump 27%
The Business Guardian|July 19, 2024
India’s luxury housing market witnessed a significant surge in the first half of 2024, with sales jumping 27% yearon-year according to a report by CBRE South Asia, a real estate consulting firm.
Luxury home sales in top Indian cities jump 27%

This translates to roughly 8,500 units sold compared to 6,700 units during the same period in 2023.

The report defines luxury housing as properties priced at ₹4 crore (approximately $500,000) and above. DelhiNCR, Mumbai, and Hyderabad emerged as the top performers, accounting for nearly 84% of total luxury housing sales in the top seven Indian cities. Notably, Pune saw a remarkable surge in luxury home sales, with a near six-fold increase year-on-year to around 1,100 units.

This story is from the July 19, 2024 edition of The Business Guardian.

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This story is from the July 19, 2024 edition of The Business Guardian.

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