In 2024, Mumbai sold 21 of 25 ultra-luxury properties in India's top 25 cities. HNIs and ultra-HNIs drove demand for mansions exceeding Rs 40 crore, worth Rs 2,443 crore. Mumbai, Hyderabad, Gurugram, and Bengaluru became luxury property hotspots as transactions increased.

Godrej Properties Ltd. (GPL) won an e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP) and successfully acquired two prime luxury group housing plots in Gurugram with a winning offer of ₹515 crore.

Godrej Properties and Sobha won three important land lots in a Greater Noida Authority auction. The auction saw strong participation, exceeding the reserve price of ₹738 crore with offers totalling ₹1,500 crore.

Savills India reports that luxury residential under-construction properties in Delhi, Noida, Gurugram, Bengaluru, and Mumbai rose up to 53% in the first half of 2024. Gurugram grew the most. These are the top five causes of this increase.

Unsold home inventory in the National Capital Region (NCR) has dropped 57% in five years. Unsold stock fell from 200,000 units in Q1 2018 to 86,420 units in Q1 2024, the greatest drop in the nation.

Dvok Buildcon, a property developer, purchased an 18-acre site in Gurugram area for ₹310 crore, according to CRE Matrix filings. Gurugram-based firm paid ₹21.72 crore for agricultural property near Manesar, including stamp duty.

The first quarter of the year saw Delhi-NCR dominate the market for high-end luxury flats priced at least INR 15,000 per square foot among the top eight cities. A large number of new luxury apartment developments sold out rapidly in the area.

The Indian housing market hit a new milestone in FY24, with sales reaching an all-time high over the past decade. A remarkable 5 lakh units were sold, marking a significant leap in the demand for homes.

In a symbol of Gurugram's rise as India's real estate capital, Godrej, Oberoi, Adani, and DLF have begun building luxury residential projects in the city. Prestige and Sobha are also competing in the city's property market, which is booming and attracting attention.

Gurugram's real estate market is competitive and the Competition Commission of India (CCI) has found that M3M does not dominate this market.

WAL Developments has joined the real estate market with the introduction of Wal Street 73, a sustainable, premium commercial SCO planned colony.

Major Real Estate Developers Announce New Projects in the Delhi-National Capital Region in 2023-2024

There is a lot of aniticipation and a lot of expectation from the the Delhi-Mumbai Expressway which will be launched by Prime Minister Narendra Modi in the presence of Nitin Gadkari, the Union Minister for Road Transport and Highways, soon.

Following the Covid epidemic, demand for luxury residences in India has increased significantly; this is particularly true in the Mumbai, Goa, Pune, Bengaluru and also the Delhi NCR market, where some of the greatest estates offer a world-class lifestyle.

DLF Ltd reported a 15% decline in overall net profit to Rs 379.49 crore for the December 2021 quarter, but nearly quadrupled sales bookings to Rs 2,018 crore due to high demand for its premium houses.