Luxury Homes in High Demand: Hyderabad Sees 44% Rise in Sales
India's residential real estate market is booming, with luxury home sales reaching new heights across major cities, particularly in Hyderabad.
Luxury HomesReal EstateHyderabadIndiaDlf Home Developers LtdReal Estate NewsAug 10, 2024
According to a recent report by real estate consultant CBRE, the luxury housing segment has experienced a remarkable 27 per cent year-on-year increase in sales during the first half of 2024.
This surge is particularly notable in cities like Hyderabad, which has seen an impressive 44 per cent annual increase, with 1,300 luxury units sold. A report by Knight Frank emphasizes the surge in upscale residential sales in 2023 and cementing Hyderabad's status as a luxury real estate hub.
While Hyderabad shines, Gurugram is rapidly establishing itself as another epicenter of luxury real estate. Aakash Ohri, Joint Managing Director & Chief Business Officer of DLF Home Developers Ltd, said, “the surge in demand for ultra-luxury homes in the Indian real estate industry is fueled by a rise in wealth creation and economic resilience among affluent segments.
This shift is driven by a newfound appreciation for real estate as both an appreciating asset and a source of tangible and intrinsic value.” DLF has capitalized on this trend with exceptional Q1 FY2025 results, reporting net sales bookings of Rs.6,404 crore, marking a phenomenal 214% year-on-year growth.
Shashank Vashishtha, Executive Director of Exp Realty India, said, ” This year, we’ve seen a notable increase in demand for these properties, particularly in Hyderabad, where buyers are attracted to the high quality and exclusivity of these homes.”
DLF is planning to launch a unique super luxury integrated villas community in Goa, with units priced at Rs.50 crore and above, along with an uber-luxury project in Gurugram that promises to surpass even the lofty standards set by The Camellias.
Frequently Asked Questions
What is the current trend in India's residential real estate market?
India's residential real estate market is witnessing an unprecedented boom, with luxury home sales reaching new heights across major metropolitan areas.
Which city has seen the highest increase in luxury home sales?
Hyderabad has seen an impressive 44 per cent annual increase in luxury home sales, with 1,300 luxury units sold.
What is driving the demand for ultra-luxury homes in India?
The surge in demand for ultra-luxury homes in India is fueled by a rise in wealth creation and economic resilience among affluent segments.
Which company has reported exceptional Q1 FY2025 results in the real estate sector?
DLF Home Developers Ltd has reported net sales bookings of Rs.6,404 crore, marking a phenomenal 214% year-on-year growth.
What is DLF planning to launch in the luxury real estate segment?
DLF is planning to launch a unique super luxury integrated villas community in Goa, with units priced at Rs.50 crore and above, along with an uber-luxury project in Gurugram.
Related News Articles
India's Affordable Housing Crisis: New Supply Plummets 38% in Top 8 Cities
Rising real estate prices and increasing construction costs are making affordable housing projects less profitable for developers
Private Equity Investments in Indian Real Estate Soar to 3-Year High
Private equity investments in Indian real estate have reached a 3-year high, with a total investment of $2.5 billion in the April-June quarter.
Affordable Realty Stock with Bonus Issues on the Horizon
Grovy India Limited, a real estate developer, is set to consider a bonus issue proposal this week. With a low stock price and high PE ratio, is it a good time to invest?
Residential Rental Prices Soar by 9.3% in England Over the Last Year
The real estate market in England has seen a significant surge in rental prices, with an increase of 9.3% over the year ending November 2024. This rise has significant implications for both tenants and landlords.
Kalpataru Partners with Two Housing Societies for Mumbai Redevelopment Projects
Real estate developer Kalpataru Projects has signed redevelopment agreements with two housing societies in Mumbai, marking a significant milestone in the company's expansion strategy. The projects are expected to bring modern and sustainable living spaces
Massive Sandalwood Seizure on Pune-Mumbai Expressway: Two Detained
Pimpri Chinchwad, 2nd March 2025: The Anti-Property Squad of the Pimpri-Chinchwad Police Commissionerate seized a large consignment of sandalwood on the Pune-Mumbai Expressway, resulting in the detention of two individuals.