With NCR’s pollution levels soaring, interest in second homes in hill stations like Dehradun, Kasauli, Rishikesh, Nainital, and Shimla has skyrocketed. Queries for these scenic getaways have more than doubled, as middle-class buyers from NCR seek budget-friendly escapes within driving distance.

Puravankara reported that its sales for the first quarter of FY24 more than doubled to Rs 1,126 crore from Rs 513 crore a year earlier in a July 2023 regulatory filing.

Luxury residential property sales in Mumbai increased more than twofold year on year to Rs 20,255 crore in 2021, owing to growing customer demand for larger residences with more facilities and cheap mortgage rates.