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
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