Luxury Homes on the Rise: What's Driving Demand?
This episode explores the impact of the Budget on real estate, the surge in high-end housing demand, and what lies ahead for the market.
Real Estate Trends In IndiaLuxury Housing DemandLuxury Housing TrendsAffordable HousingBudget 202425Real Estate MumbaiAug 26, 2024
The government aims to build one crore new homes under PMAY-Urban for low and mid-income households.
Despite this, the luxury housing segment is booming. A recent PropTiger.com report shows that 43% of new launches in Q1 2024 were in the high-end category, priced above one crore rupees, with 38% of sales in this segment.
Joining us is Vikas Wadhawan, CFO of REA India and Business Head of PropTiger.com, to discuss these trends. We’ll dive into the budget’s impact on real estate, the surge in high-end housing demand, and what lies ahead for the market. Tune in for expert insights!
REA India is a leading online real estate company that owns and operates several brands, including PropTiger.com, a popular online real estate platform that provides comprehensive property listings, research, and analysis to homebuyers.
PropTiger.com is India's leading online real estate platform, providing comprehensive property listings, research, and analysis to homebuyers. With a strong presence in over 20 cities across India, PropTiger.com has become a trusted name in the real estate industry.
Frequently Asked Questions
What is the main objective of the government's budget allocation for affordable housing?
The main objective is to build one crore new homes under PMAY-Urban for low and mid-income households.
What percentage of new launches in Q1 2024 were in the high-end category?
43% of new launches in Q1 2024 were in the high-end category, priced above one crore rupees.
What is the name of the online real estate platform that provides comprehensive property listings, research, and analysis to homebuyers?
PropTiger.com
Who is the CFO of REA India and Business Head of PropTiger.com?
Vikas Wadhawan
What is the name of the podcast that explores the impact of the Budget on real estate and luxury housing demand?
Keeping It Real
Tags:
Related News Articles
Knight Frank India Observes Price Correction in High-End Real Estate
Gulam Zia, the Senior Executive Director at Knight Frank India, points out that recent price increases in markets like Mumbai and NCR are unwarranted, while the lower-end segment remains stable.
Real Estate Agent Fired Over Hateful Note to Disabled Waiter at Mexican Restaurant
A real estate agent in Ohio lost her job after leaving a hateful note on a restaurant receipt for a specially-abled waiter. The note read, 'I hope Trump deports you,' causing widespread outrage and leading to her termination.
Noida Real Estate Market Sees 128% Increase in Housing Prices Over 3 Years
Noida's real estate market has witnessed a significant surge in housing prices, recording a 128% increase over the past three years. This growth is driven by multiple factors, including improved infrastructure, increased demand, and strategic developments
Maharashtra Policy to Support Iconic Buildings in Mumbai: A Step Towards Urban Revival
The Maharashtra government has unveiled a new policy aimed at revitalizing iconic buildings in Mumbai. This initiative is set to transform the city's skyline and boost the real estate sector.
Century Real Estate to Launch Over 10 New Housing Projects in FY26, Valued at Rs 9K Crore
Century Real Estate is set to launch more than 10 new housing projects in the fiscal year 2026, primarily in Bengaluru, with an estimated revenue potential of over Rs 9,000 crore. The company aims to capitalize on the growing demand for residential properties in key cities.
Mumbai Real Estate: When Your Home Helps You Hustle
Explore how modern residences in Mumbai are designed to support the hustle and bustle of urban life, making homes more than just places to live.