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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Luxury Housing Sales Double to 14% in H1 2022 from 7% in 2019

Approx. 25,680 luxury homes (units priced >1.5 Cr) were sold across the top 7 Indian cities in H1 2022, against 17,740 units in 2019; in H1 2022 itself, sales exceed those in entire 2019 MMR saw the highest luxury home sales – over 13,670 units sold in H1 2022, followed by NCR with 4,160 units […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

How Covid-19 Caused India’s Luxury Homes Revival

According to recent reports by all leading real estate consultants, India’s luxury homes segment has witnessed a strong comeback since the Covid-19 pandemic. How did this happen, when the pandemic actually caused an economic recession? There are several reasons. Massive HNI Interest Covid-19 brought about a lot of uncertainty in Indians’ lives. In times of […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

COVID-19 Sentiment Survey – 43% homebuyers now prefer peripheries, millennial buyers Up 31%

Ratio of end-users vs. investors is currently at 74:26; it was 59:41 in pre-COVID period 48% of respondents favouring real estate as an asset class are millennials aged 25-35 years; before COVID-19, they were just 17% Most NRIs prefer luxury homes (INR 90 Lakh – INR 2.5 Cr); 3BHKs & 4BHKs top the demand list […]

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