Mumbai, 29 October 2023: The luxury housing segment maintain a seemingly unstoppable growth curve in 2023, with overall sales rising steeply across the top 7 cities. Latest ANAROCK Research data finds that out of approx.- 3.49 lakh units sold in these cities in the first nine months of 2023, about 24% or approx. 84,400 units were
Mumbai, 9 October 2023: The unwavering demand for luxury housing since the pandemic has kicked off a spate of new launches in this category. Latest ANAROCK data shows that out of 1,16,220 units launched in Q3 2023 in the top 7 cities across various budget categories, approx. 27% (approx. 31,180 units) were in the luxury category.
Mumbai, 8th August 2023: The pandemic has been an indubitable boon for the previously lacklustre luxury homes segment, with sales and new supply increasing manifold since then. Prices were bound to catch up with the demand. On analysing the average price trends in the top 7 cities across different budget segments, ANAROCK Research data reveals that
As we await the RBI’s monetary policy decision on the repo rate, let us examine the factors involved, and their implications on the Indian housing market across different home buyers segments. There can be various reasons for a hike in the repo rate, including inflationary pressure, rising food and fuel prices, excessive growth in the
Mumbai, 15 May 2023: All eyes are on India as it emerges as the world’s most populous country and the fastest-growing nation amidst a global economic slowdown. Even as India’s consumption-driven economy lures businesses of all stripes, the country’s housing market is now the primary growth driver for its real estate sector. “India’s residential real
Mumbai, 1 March 2023: The bull run in Indian luxury housing continues even while property prices are on the rise. As per Inspector General of Registration (IGR), Maharashtra, India’s most expensive city – Mumbai – saw revenue collections from property registrations touch new high in February 2023 at INR 1,102 Cr. This was a whopping 79%
Among localities in top 7 cities, Mumbai’s Worli saw highest rental growth (18%); avg. rentals (for a min. 2,000 sq. ft. home) increased from INR 2 lakh in 2020 to INR 2.35 lakh in 2022 Bengaluru’s Rajajinagar saw a 16% jump in the same period – from INR 56,000 in 2020 to INR 65,000 in
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
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
As of Q1 2022-end, the total available stock of affordable housing (<INR 40 lakh) in the top 7 cities is approx. 1,86,150 units; 2,34,600 units at Q1 2020-end Chennai, Pune & MMR saw the highest supply decline of 52%, 33% & 27%, respectively Supply of ultra-luxury homes (>INR 2.5 Cr) declined 5% in the same
