Luxury Housing Boom in Delhi-NCR: What's Driving the Demand?
Delhi-NCR's luxury housing market is booming
Luxury HousingDelhi NcrReal EstateIndiaPremium Living SpacesReal Estate NewsMay 30, 2024
Buyers now demand bigger spaces fitted with modern amenities and splendid architectural layout with meticulous design to ensure experiential living. And amid the rising demand, Delhi-NCR dominated the luxury housing Q1 launches.
The real estate market in Delhi-NCR offers an array of premium projects that precisely match the demands of discerning property buyers. In recent times, an unprecedented surge in luxury real estate sales reflects the growing affluence of the region.
The March quarter of 2024 is a tell-tale sign of continuous rising bar of the luxury real estate sector. According to a report published by Cushman and Wakefield, Delhi-NCR is surging ahead among India's major cities to offer luxury homes with prices to the tune of Rs 15,000 per sq. ft, accounting for 61 percent of all new residential projects.
Industry experts believe that the housing market's performance in 2024 looks promising, driven by infrastructure improvements, economic development, and supporting government policies. Emerging trends such as eco-friendly designs, smart home technologies, and wellness amenities are likely to shape the luxury housing landscape in the coming years.
The Delhi-NCR region has become a hotspot for luxury housing, driven by economic growth, rapid urbanization, and increasing demand for premium living spaces. The region's real estate market offers an array of premium projects that precisely match the demands of discerning property buyers.
Cushman and Wakefield is a global real estate services firm that provides expertise to occupiers and investors around the world. Brahma Group, AU Real Estate, Aarize Group, and Trehan Iris are leading real estate developers and consultants in India, known for their high-quality projects and expertise in the luxury housing segment.
Frequently Asked Questions
What is driving the demand for luxury housing in Delhi-NCR?
The demand for luxury housing in Delhi-NCR is driven by economic growth rapid urbanization increased individual earnings and mounting interest in an opulent lifestyle
What is the average price of luxury properties in Delhi-NCR?
According to a report by Cushman and Wakefield the average price of luxury properties in Delhi-NCR is Rs 15 000 per sq ft
What percentage of new residential projects in Delhi-NCR are luxury projects?
According to a report by Cushman and Wakefield 61% of new residential projects in Delhi-NCR are luxury projects
What are the emerging trends in the luxury housing segment in India?
Emerging trends in the luxury housing segment in India include eco-friendly designs smart home technologies and wellness amenities
What is the outlook for the luxury housing market in Delhi-NCR in 2024?
Industry experts believe that the housing market's performance in 2024 looks promising driven by infrastructure improvements economic development and supporting government policies
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