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Luxury home sales 2023
Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Luxury Home Sales boost revenue collections in Mumbai in Feb. – Up 79% in a Year

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%

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luxury housing sales in India 2022
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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Unsold Affordable Housing Stock Declines
Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Unsold Affordable Housing Stock Declines 21% in 2 Years, Luxury By 5%

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

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Delhi-NCR Luxury Housing Supply Share
Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Delhi-NCR Luxury Housing Supply Share Rises to 17% in H1 2021 from 9% in 2020

Of approx. 10,570 units launched in NCR in H1 2021, approx. 1,800 units were in the luxury and ultra-luxury segments priced >INR 1.5 Cr Noida comprised max. new luxury share (of 73%) in 1st half this yr, followed by Gurugram with 22% share & Greater Noida with 5% From 2018 till June 2021, NCR’s new

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