Delhi-NCR has emerged as the frontrunner in India's luxury housing market, recording a 90% year-on-year growth. Mumbai and Pune have also seen significant increases, with Mumbai showing a 32% growth and Pune experiencing a steady rise in demand.
Luxury HousingReal EstateDelhincrHighnetworth IndividualsReraReal Estate NewsJan 15, 2025
The primary driver behind the growth of the luxury housing market in Delhi-NCR is a combination of economic stability, improved infrastructure, and a growing preference for premium living spaces among high-net-worth individuals.
Mumbai's luxury housing market has shown robust growth, with a 32% year-on-year increase in demand. This is largely due to the city's strong economic base and its status as a global financial hub, attracting high-net-worth individuals.
Key features of luxury housing in these cities include state-of-the-art facilities, top-notch security, access to premium services such as concierge, health clubs, and gourmet dining, and the integration of smart home technology.
Government policies such as the Real Estate (Regulation and Development) Act (RERA) have brought transparency and accountability to the sector, boosting consumer confidence. Additionally, infrastructure development initiatives have made luxury properties more accessible and attractive to potential buyers.
The luxury housing market faces challenges such as the high cost of properties, which can deter some buyers. Developers are addressing this by offering innovative financing options and flexible payment plans to make luxury homes more accessible.
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