Rich appetite raises luxury home sales
Financial Express Mumbai|February 15, 2024
LUXURY PRICED APARTMENTS 4 crore and above recorded a 75% year-on-year (y-o-y) growth in sales to 12,935 units in 2023 from 7,395 in the year-ago period, a report said on Wednesday.
RAGHAVENDRA KAMATH

The percentage share of the luxury segment in the overall residential unit sales stood at 4% in 2023, nearly doubling its proportion of 2% in the previous year, said a report by CBRE South Asia.

Among the major 7 cities, Delhi-NCR recorded the highest growth with an annual increase of 197%, jumping to 5,530 units in 2023 from 1,860 units a year earlier. This was followed by Pune and Hyderabad, posting a yearly growth of about 144% and 64%. The country's financial capital Mumbai saw its luxury home sales rising to 4,190 units, an annual jump of 24%.

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