Mid-Premium Homes Witnessing Higher Demand in the Real Estate Market
In contrast to affordable housing, which is priced below Rs 40 lakh, the mid-premium and premium segments have been experiencing a surge in sales. This trend reflects a growing preference among buyers for higher-quality homes with additional features and
Midpremium HomesPremium HousingReal Estate MarketReraCovid19 ImpactReal Estate NewsFeb 09, 2025
Unlike affordable housing, which is typically priced below Rs 40 lakh, these segments have seen a notable increase in demand over the past few years.
This trend is driven by various factors, including economic stability, rising disposable incomes, and a growing appreciation for quality living spaces.
According to industry experts, the mid-premium segment, which includes properties priced between Rs 40 lakh and Rs 1 crore, has been particularly attractive to buyers.
These homes often come with better amenities, superior construction quality, and prime locations, making them a preferred choice for middle to upper-middle-class families.
Frequently Asked Questions
What is the price range for mid-premium homes in India?
Mid-premium homes in India are typically priced between Rs 40 lakh and Rs 1 crore. These homes offer better amenities and construction quality compared to affordable housing.
Why are mid-premium homes becoming more popular?
Mid-premium homes are gaining popularity due to rising disposable incomes, a desire for better living standards, and the availability of superior amenities and prime locations.
How has the pandemic affected the demand for mid-premium and premium homes?
The pandemic has increased the importance of home as a multi-functional space, leading to higher demand for mid-premium and premium homes that offer more space and better facilities.
What are the key features of premium homes in India?
Premium homes in India are characterized by luxury features such as designer interiors, advanced security systems, and prime locations. They are typically priced above Rs 1 crore and are targeted at high-net-worth individuals (HNIs).
How have government regulations like RERA and GST impacted the real estate market?
RERA and GST have brought transparency and accountability to the real estate sector, increasing the trust and confidence of buyers. This has led to higher demand in the mid-premium and premium segments.
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