Luxury Living: India's Ultra-Rich Get Ready for ₹10-15 Crore Homes
Top real estate developers are launching super luxury homes priced upwards of ₹10-15 crore
Luxury Real EstateIndiaPrestige GroupDlf LtdK Raheja Corp HomesGodrej PropertiesM3m GroupReal EstateMay 27, 2024
The demand for luxury homes has been rising, with sales of homes priced ₹4 crore and above jumping sharply to 12,935 in 2023 from 7,395 in 2022, according to property advisory CBRE. This has prompted developers to launch higher-priced homes, catering to the ultra-rich who want bespoke properties.
Prestige Group will soon launch a project in south Mumbai's posh Worli area, with four- and five-bedroom apartments sized 3,500-7,000 sq. ft. M3M Group's recently launched 'M3M Altitude' project on Golf Course Extension Road will have a 2 million sq. ft sky club, featuring all possible amenities for residents. K Raheja Corp Homes is acquiring land for ultra-luxury projects in prime locations like Haji Ali and Worli, with homes priced at ₹30-35 crore.
DLF has lined up ultra-luxury projects, including 'The Camellias-2' in DLF Phase-5, Gurugram, with 9,500 sq. ft, five-bedroom + study apartments priced upwards of ₹50 crore. The company is also launching 62 luxury villas on a 38-acre hill in Goa, priced at ₹40-50 crore.
According to the annual Luxury Outlook Survey 2024 by India Sotheby's International Realty, 71% of wealthy Indians expressed the desire to invest in luxury real estate in the coming 12-24 months. The top end of the property market is expected to benefit the most, indicating a renewed and heightened interest among investors who now view real estate as a compelling avenue for long-term wealth creation.
The Indian luxury residential real estate market is witnessing a resurgence, driven by the demand for high-end homes. Developers are catering to this demand by launching super luxury projects in prime locations.
DLF Ltd is a leading real estate developer in India, known for its luxury residential projects. Prestige Group is a Bengaluru-based developer with a portfolio of luxury projects across India. K Raheja Corp Homes is a Mumbai-based developer with a focus on luxury residential projects. Godrej Properties is a leading real estate developer in India, with a portfolio of luxury projects across the country. M3M Group is a Gurugram-based developer with a focus on luxury residential projects. India Sotheby's International Realty is a leading real estate consultancy firm that provides insights and services to the luxury residential market.
Frequently Asked Questions
What is the price range of the super luxury homes being launched in India?
The price range of the super luxury homes being launched in India is upwards of ₹10-15 crore
Which cities are witnessing the launch of super luxury homes?
Cities like Gurugram Mumbai Goa and Hyderabad are witnessing the launch of super luxury homes
What are the amenities offered in these super luxury homes?
These super luxury homes offer amenities like larger and more exclusive residences five to six bedrooms or more balconies with each room top-of-the-line clubhouses and prime locations
Who are the target buyers for these super luxury homes?
The target buyers for these super luxury homes are the ultra-rich who want bespoke properties
What is the trend in the luxury residential real estate market in India?
The luxury residential real estate market in India is witnessing a resurgence driven by the demand for high-end homes
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