A sharp rise in demand for high-end homes priced at ₹4 crore and above is driving the Indian luxury real estate market to a huge boom in 2024. Rich buyers are prioritising better living situations, which is causing big towns to grow a lot. Ghar checks numbers and trends defining India luxury realty.

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.

Hyderabad's residential market is changing. Hyderabad Luxury property sales and launches dominate the market. Mid-end units made up more than half of yearly sales until 2021, but this trend has changed.

Pune is one of India's top locations for high-net-worth individuals due to its booming luxury real estate sector. Pune's combination of history and modern living attracts affluent purchasers. Ghar's data-rich research of Pune's luxury real estate boom will benefit industry experts and fans.

Discover how Pune luxury real estate became a powerhouse. Pune's property market has high-end residences, unique projects, and record sales thanks to the IT and automotive sectors. Ghar discusses Pune luxury real estate's rise from Koregaon Park to Viman Nagar and Kharadi.

Signature Global's Titanium SPR residential property in Sector 71, Gurugram, sold well. Boston Consulting Group's digital sales process has generated approximately INR 2700 crore, with further sales likely when the allocation is finalised. This raises the bar for regional luxury homes.

Rajesh Labhubhai Lakhani, Director of Kiran Gems, a leading diamond maker, bought a sea-view flat in Mumbai's posh Worli neighbourhood for over 97 crore. This 14,911-square-foot RERA carpet apartment sits on the 44th floor of Three Sixty West on Dr Annie Besant Road.

The participation of Non-resident Indians (NRIs) in India’s residential real estate market has seen a significant rise, now accounting for nearly a quarter of the total sales among large developers, up from just 7-10% prior to the pandemic.

The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.

Wellknown Polyesters Chairman Anil Gupta bought two luxury properties in South Mumbai's Malabar Hill region, influencing the luxury real estate market. The home sale, worth over INR 270 crore, established a new Indian residential property sales record at INR 1.41 lakh per square foot.

DLF sells 4.67 acres of excellent Chennai property to Cholamandalam Finance for Rs 735 crore, one of Chennai's largest real estate land deals in Chennai.

Godrej Properties Ltd. bought a 4-acre Bengaluru plot. The business aims to build a luxury housing estate on this property, selling apartments for Rs 1,000 crore.

The Reserve Bank of India's fifth straight repo rate hold at 6.5% is likely to boost the Indian property industry, especially Mumbai house sales.

Luxury property sales in India's major cities have gone over the roof in 2022. To all appearances, the luxury home run is here to stay.

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.