Sale Of Ultra-luxury Homes Up Threefold In 2023: Report – News18

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Sale Of Ultra-luxury Homes Up Threefold In 2023: Report – News18


Curated By: Business Desk

Last Updated: December 01, 2023, 16:26 IST

This information has been revealed by an actual property consulting agency.

Out of the 58 extremely-luxurious properties bought within the high seven cities thus far in 2023, Mumbai alone witnessed the sale of 53 items.

Owing to the sturdy demand this yr, gross sales of extremely-luxurious (lavish and opulent) homes in seven main cities have exceeded Rs 4,093 crore, thrice the quantity final yr. This information has been revealed by an actual property consulting agency, Anarock. According to a latest report by Anarock, within the high seven cities of India — Delhi-NCR (National Capital Region), Mumbai-MMR (Mumbai Metropolitan Region), Chennai, Kolkata, Bangalore, Hyderabad, and Pune — gross sales of 58 items valued at Rs 4,063 crore have taken place this yr.

As per the figures launched by Anarock on Thursday, 13 items had been bought with a complete worth of Rs 1,170 crore. Anuj Puri, Chairman of Anarock, famous, “Demand for both luxury and ultra-luxury properties has surged since the pandemic, with HNIs (High Net Worth Individuals) and ultra-HNIs buying such homes for investment, personal use, or both.”

Out of the 58 extremely-luxurious properties bought within the high seven cities thus far in 2023, Mumbai alone witnessed the sale of 53 items. Two residences had been bought in Gurugram, and two bungalows had been bought in New Delhi. A residential deal value over Rs 40 crore happened in Jubilee Hills, Hyderabad. According to a report by Deccan Herald, Mohit Jain, Managing Director of Krisumi Corporation in Gurugram, commented on Anarock’s report, saying, “In recent years, there has been a notable surge in the aspiration for home ownership across various income levels, driven largely by an improved economic landscape and a desire to elevate living standards.”

Mumbai Homes Sold For Over Rs 200 Crore In Value

Out of the 53 extremely-luxurious houses bought in Mumbai, three had been priced at over Rs 200 crore. In addition, seven offers had been within the vary of Rs 100 to Rs 200 crore. In Delhi, two houses had been bought at costs exceeding Rs 100 crore. This yr, 12 houses had been bought for over Rs 100 crore. Among the homebuyers, 79% had been businessmen, 16% had been from totally different professions, and the remaining 5% included politicians and movie personalities.



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