Luxury Homes Dominate Delhi-NCR Real Estate Market, Gurugram Leads the Way
The luxury real estate market in Delhi-NCR has witnessed a significant surge in sales, with Gurugram emerging as the epicenter of this boom. According to recent data, luxury homes accounted for 45% of total sales in the region, with Gurugram contributing
Luxury Real EstateDelhi NcrGurugramReal Estate MarketProperty SalesReal Estate MumbaiAug 01, 2024
Gurugram has emerged as the epicenter of this luxury housing boom, accounting for nearly 60% of luxury sales in the NCR. While affordable housing continues to be a significant segment in Noida and Greater Noida, the overall trend leans towards higher-end properties.
ANAROCK data indicates that out of NCR's total housing sales of approximately 32,200 units in H1 2024, only 24% were in the affordable segment. Back in 2019, affordable sales share stood at 49%.In terms of overall sales numbers, approximately 14,630 luxury units were sold in NCR in H1 2024, against approximately 1,580 units in entire 2019. Similarly, approximately 7,730 units were sold in the affordable segment in H1 2024, against approximately 23,180 units in 2019.
Key highlights of the report include \n\n Luxury surge The luxury segment has witnessed a phenomenal growth of over 1,100% in sales compared to 2019.\n Gurugram dominance Gurugram has emerged as the luxury housing capital of the NCR, with a 59% share in the luxury segment.
Shifting dynamics The affordable housing segment, which once dominated the market, has seen a decline in sales share.\n Price segmentation The mid and premium segments (Rs 40 lakh - Rs 1.5 crore) continue to be a major contributor to overall sales.\n\n\
Frequently Asked Questions
What is the current trend in the Delhi-NCR real estate market?
The luxury real estate market in Delhi-NCR has witnessed a significant surge in sales, with Gurugram emerging as the epicenter of this boom.
What is the share of luxury homes in the total sales in the NCR?
Luxury homes accounted for 45% of total sales in the NCR in H1 2024.
Which city has emerged as the luxury housing capital of the NCR?
Gurugram has emerged as the luxury housing capital of the NCR, with a 59% share in the luxury segment.
What is the growth rate of the luxury segment in the NCR?
The luxury segment has witnessed a phenomenal growth of over 1,100% in sales compared to 2019.
What is the price segmentation of the mid and premium segments in the NCR?
The mid and premium segments in the NCR are priced between Rs 40 lakh and Rs 1.5 crore.
Related News Articles
The Evolution of Luxury Real Estate: How Modern Aspirations are Redefining the Market
From smart technology to sustainability, the luxury real estate market is undergoing a significant transformation. What were once considered aspirational features are now essential elements of modern luxury living.
Income Tax Scrutiny Targets Anvitha Real Estate in Hyderabad for Alleged Tax Evasion
The Income Tax Department in Hyderabad has launched searches at multiple locations of Anvitha Real Estate Group to probe suspected tax evasion. The company, known for its projects in various locations, is facing intense scrutiny.
Narayana Murthy's Luxurious Real Estate Deal: A Billionaire's New Home in Bengaluru
Infosys co-founder Narayana Murthy acquires a luxurious apartment in Bengaluru's Kingfisher Towers for Rs 50 crore. Find out how much he paid for the sprawling 8,400-square-foot property.
Rajiv Bajaj's Rishabh Family Trust Invests ₹72 Crore in Pune Land
The real estate market in Pune continues to attract significant investments, and the latest move comes from Rajiv Bajaj's Rishabh Family Trust, which has acquired a substantial piece of land for ₹72 crore. This development underscores the growing interest
Pune Property Expo 2025 Set to Kick Off from January 17 to 19
The highly anticipated Pune Property Expo 2025 will officially commence on January 17 at 10am, graced by the presence of Union Minister of State for Civil Aviation and Cooperation, Murlidhar Mohol.
Table Space Expands Mumbai Footprint by 50%, Expanding into Key Business Hubs
Table Space, a leading managed office solutions provider, has significantly expanded its presence in Mumbai. The company's 'The Suites' segment now covers 1.3 lakh sq. ft. across three Grade A properties, solidifying its position in the city's key busines