Ramesh Ranganathan, CEO of K Raheja Corp Homes, said, "The demand for residential properties has experienced an upswing, driven by expanding cityscapes, rising incomes, and growing aspirations, and we expect a 15-20% growth as compared to last year." The luxury real estate sector is witnessing a remarkable surge in the introduction of new residential projects, with price tags spanning from ₹23 crore to as high as ₹15 crore, Ranganathan stated.
Units priced over ₹2 crore saw a jump of 75% in Q3CY23, Knight Frank India said.
"Our recent offering in Powai has been recieved well and we have registered an incremental sales growth of nearly 10%." said Niranjan Hiranandani, managing director at Hiranandani group.
According to Anarock Compared with last Diwali prices have gone up between 5 to 15% depending on the project, micro market and cities, developers said.
"In general, we have seen prices in Bangalore go up by 10%-15% over the last year and a similar trend to a lesser degree has been observed in our other key markets such as Mumbai and Hyderabad," statedIrfan Razack, chairman and managing director at Prestige Projects Estates.
Bu hikaye Financial Express Mumbai dergisinin November 10, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin November 10, 2023 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
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