Luxury Real Estate Soars: 59 Ultra-Luxurious Homes Sold for Over Rs 40 Cr in 2024
Data from Anarock, a leading real estate consultancy firm, reveals that 59 ultra-luxurious homes were sold in 2024, with a total sales value of approximately Rs 4,754 crore. The demand for such elite properties continues to rise, particularly in Mumbai, w
Ultraluxury HomesReal EstateHigh Net Worth IndividualsAnarockProperty MarketReal EstateJan 09, 2025
Of the total 59 ultra-luxurious homes sold in 2024, 53 were apartments and just 6 deals were for bungalows.
Mumbai dominated the market with 52 ultra-luxury residential deals in 2024, comprising 88% of the total deals.
This was followed by Delhi-NCR, which recorded 3 deals two ultra-luxury homes in Gurugram and one in Delhi.
Hyderabad and Bengaluru each saw two deals worth over Rs 40 crore each.
Notably, at least 17 deals in 2024 were worth over Rs 100 crore each, with 16 of these deals occurring in Mumbai and one in Gurugram, Delhi-NCR.
Of the 16 deals in Mumbai, 14 were apartments located in prime areas such as Worli, Malabar Hill, and Pali Hill, while two were bungalows at Cuffe Parade and JVPD.
One apartment in Gurugram was sold for Rs 190 crore at DLF Camellias, making it one of the most significant transactions of the year.
Frequently Asked Questions
How many ultra-luxury homes were sold in 2024?
59 ultra-luxury homes were sold in 2024.
What was the total sales value of ultra-luxury homes in 2024?
The total sales value of ultra-luxury homes in 2024 was approximately Rs 4,754 crore.
Which city dominated the ultra-luxury real estate market in 2024?
Mumbai dominated the ultra-luxury real estate market in 2024, with 52 deals comprising 88% of the total deals.
How many deals were worth over Rs 100 crore in 2024?
At least 17 deals in 2024 were worth over Rs 100 crore each.
What type of properties are preferred by ultra-HNIs?
Apartments are the preferred property type for ultra-HNIs, with 53 of the 59 deals being for apartments.
Related News Articles
Hyderabad Real Estate Market on the Rise: CREDAI to Host Annual Property Shows
Explore the booming real estate sector in Hyderabad with CREDAI's annual property shows, highlighting the city's resilience and growth.
Godrej Family's Anamudi Real Estate LLP to Offload 5% Stake in Sobha Ltd via $100 Million Block Deal
Anamudi Real Estate LLP, owned by the Godrej family, is set to divest 5% of its stake in Sobha Ltd through a block deal worth $100 million.
Surge in Real Estate Inventory: Noida and Ahmedabad Lead the Way
Noida and Ahmedabad are witnessing a significant surge in real estate inventory, making them attractive markets for home buyers and investors. This growth is driven by improved infrastructure and economic stability, positioning these cities as prime locat
Blackstone Aims to List Mega REIT in 2025 with $1 Billion IPO
US-based investment firm Blackstone and its partners, Sattva Group and Panchshil Realty, are targeting to raise $1 billion through an initial public offering (IPO) of their mega real estate investment trust (REIT) in 2025. The REIT will boast a commercial
Repo Rate Cut by RBI to Stimulate Real Estate Sector: Experts
The recent repo rate cut by the Reserve Bank of India (RBI) is expected to make purchasing properties more affordable and stimulate overall consumption. This step is anticipated to provide a significant boost to the real estate market.
Maharashtra Revises Ready Reckoner Rates: A Significant Move for the Real Estate Sector
Maharashtra has recently revised its Ready Reckoner rates, a move that is expected to have significant implications for the real estate market. This update aims to align the property valuations with current market conditions, impacting both buyers and sellers.