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 hotel and 150 high-end fully serviced, branded villas as part of the project.
Bu hikaye Financial Express Kochi dergisinin December 30, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Kochi dergisinin December 30, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Sebi Relaxes Settlement Norms for Dormant Accounts
SEBI ON MONDAY said it has eased norms for the settlement of client funds in trading accounts that have remained inactive for 30 days.
PSBs turn net sellers of govt securities
STATE-OWNED BANKS HAVE turned net sellers of government bonds (G-Secs) amid a widening liquidity deficit, said traders.
RBI should ease its tight grip on rupee, says Viral Acharya
FORMER RESERVE BANK of India deputy governor Viral Acharya said the central bank should ease its tight grip on the rupee, a view that comes amid uncertainties over whether the new governor will maintain his predecessor's policy of limiting currency swings.
Rupee at lifetime low as equities slide; tilt bearish
THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.
PSBs' share in 'fair value' investments declines, private banks report gains
STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.
Bank shares plunge up to 8% amid weak business updates
Historically, the third quarter is not a great one for banks
D2C firm Frido set to be ₹200-cr brand
ARCATRON MOBILITY'S DIRECT-TO-CONSUMER (D2C) arm Frido is on track to become a ₹200-crore brand.
Former executives at OYO, upGrad launch mobility platform
MAYANK KUMAR, FORMER CEO of upGrad, and Ayush Mathur, a former senior leader at OYO, have launched a new mobility platform for blue-collar workers called BorderPlus.
Adani Group lines up petchem foray
Adani Petrochem and Thailand's Indorama will hold 50% stake each in the JV
RIL arm launches Raskik Gluco Energy drink, adding fizz to hydration market
● Beverage to rival Tata Consumer, Dabur products
