Luxury Living: Top Developers Launch Ultra-Expensive Homes
Top real estate developers like DLF
Luxury Real EstateUltra Luxury HomesDlfPrestige GroupK Raheja Corp HomesM3m GroupGodrej PropertiesReal Estate NewsMay 27, 2024
The resurgence in India’s luxury residential real estate, with homes priced at ₹2-4 crore and above, has been evident in recent years, as home buyers upgraded their homes and sales gained pace. The sales of luxury homes in India, priced ₹4 crore and above, jumped sharply to 12,935 homes in 2023, from 7,395 in 2022, according to property advisory CBRE.
The more niche, ultra-luxury segment has seen big demand too, leading to both primary and secondary sales. This has also prompted developers to go out and launch higher-priced homes.
Bengaluru-based 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. The still unnamed project will start to sell at about ₹1,00,000-1,10,000 per sq. ft.
Gurugram-based 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, and will be connected with the residential units through a glass air bridge. M3M says the sky club will be the tallest in Gurugram.
Mumbai’s K Raheja Corp Homes has been acquiring land for ultra-luxury projects. The developer will launch two such projects in Haji Ali and Worli, both in south Mumbai, with homes priced at ₹30-35 crore.
After selling out premium projects like ‘Arbour’ and ‘Privana’, priced at sub-₹10 crore, Gurugram-based developer DLF has lined up ultra-luxury projects. Its project ‘The Camellias’ set the benchmark for luxury real estate in Gurugram, with an apartment selling at ₹100 crore last year. DLF now plans to launch Camellias-2 in DLF Phase-5, Gurugram.
In Goa, DLF will launch 62 luxury villas on a 38-acre hill, making it super exclusive and private for the residents. Priced at ₹40-50 crore, the villas will overlook the Mandovi river, and will have six or nine bedrooms across two different configurations.
The luxury real estate market in India has seen a significant surge in recent years, driven by the growing demand for high-end homes. Top developers are now catering to this demand by launching ultra-luxury projects in prime locations.
DLF Ltd is a leading real estate developer in India, known for its luxury projects in Gurugram and other cities. Prestige Group is a Bengaluru-based developer with a strong presence in the southern Indian cities. K Raheja Corp Homes is a Mumbai-based developer with a focus on ultra-luxury projects. M3M Group is a Gurugram-based developer known for its premium projects in the National Capital Region. Godrej Properties is a leading real estate developer in India, known for its luxury projects in Mumbai and other cities.
Frequently Asked Questions
What is the price range of these ultra-luxury homes? A: The price range of these ultra-luxury homes is upwards of ₹10-15 crore Q: Which cities will these projects be launched in? A: These projects will be launched in cities such as Gurugram Mumbai Goa and Hyderabad Q: Who are the top developers launching these projects? A: Top developers such as DLF Prestige Group K Raheja Corp Homes and M3M Group are launching these projects Q: What are the features of these ultra-luxury homes? A: These homes offer larger and more exclusive residences with five to six bedrooms or more balconies with each room top-of-the-line clubhouses etc Q: What is driving the demand for these ultra-luxury homes? A: The growing demand for high-end homes driven by the increasing number of high-networth individuals is driving the demand for these ultra-luxury homes
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