25 May 2025, Sun

Luxury Housing High Demand in full swing as 49 houses sold for 7500 brore rupees in 3 years

Housing Sector: India’s ultra-taljari home market is growing rapidly after the Korona epidemic and due to the rapid growth of the economy. The result of this is that in the last three years, 49 houses have been sold for Rs 7500 crore priced at Rs 100 crore or more. That is, a total of 49 houses worth Rs 153 crore have been sold on an average.

According to the report of JLL, there are no signs of decrease in this speed, because in the first two months of 2025, four ultra-taljari houses have already been sold, which cost the total price of Rs 850 crore. Ultra-ligament residential sales have gained rapid jump as a proof of India’s rapidly growing luxury real estate market. Now the apartments have dominated the ultra-linguistic segment as compared to the bungalows.

JLL’s Chief Economist and Head of Research and REIS India, Dr. Samantak Das said, “According to our analysis, in the last three years, the total deals were Rs 100 crore and 65 percent of apartments worth Rs 100 crore and the remaining 35 percent of the bungalows.” Das said that however, some properties were transacted even above this price limit and their price was between Rs 200-500 crore.

Although the demand for premium residential properties in many Indian cities is continuously increasing, but the suitable home buyer for these special assets, Mumbai and Delhi-NCRs are at the forefront. “JLL’s Senior Managing Director (Chennai and Coimbatore) and residential services head in India, Shiv Krishnan, said,” House buyers of Rs 100 crore and above include large business groups, actors and founders of new startups. “

Out of these 49 houses sold in the last three years, Mumbai was 69 percent, after which Delhi NCR was located. In Mumbai, a large part of these transactions dominated Malabar Hill and Worli. In Delhi-NCR, such deals were not limited to Lutyens Bungalow Zone (LBZ) only. Krishnan said that several high-region apartment deals were also recorded on the golf course road in Gurugram. The report said that in the last three years, most of the apartments sold in the price of Rs 100 crore and above were in the range of 10,000-16,000 square feet (super built-up areas).

Also read: These government small saving schemes can earn strong money, Modi government does not make any changes in interest rates

Source link

By Admin

Leave a Reply

Your email address will not be published. Required fields are marked *