Ultra-Luxury Home Sales Soar to Rs 2443 Crore in 8 Months, Mumbai Leads the Pack
India's ultra-luxury home market sees unprecedented demand, with Mumbai, Hyderabad, and Gurgaon emerging as top destinations.
Ultraluxury HomesReal EstateMumbaiHyderabadGurgaonAnarockAnuj PuriReal EstateSep 05, 2024
Mumbai, the financial capital of India, has emerged as the leading market for ultra-luxury homes, accounting for 21 of the 25 deals. The city's allure for high-net-worth individuals (HNIs) and ultra-HNIs remains unmatched, with many opting to invest in these properties for personal use or as a lucrative investment opportunity.
The average ticket price of homes priced over Rs 40 crore has seen a 2% rise in the last 8 months, from Rs 1,00,208 per sq. ft. in 2023 to Rs 1,02,458 per sq. ft. in August 2024. Furthermore, homes priced over Rs 100 crore have witnessed a 14% price jump in the same period, from Rs 1,24,697 per sq. ft. to Rs 1,41,904 per sqft.
ANAROCK Chairman Anuj Puri attributes this trend to the growing demand for trophy homes among HNIs and ultra-HNIs.
Frequently Asked Questions
What is the total sales value of ultra-luxury homes sold in India in 2024?
Rs 2,443 crore
Which city has emerged as the leading market for ultra-luxury homes in India?
Mumbai
What is the average ticket price of homes priced over Rs 40 crore in India?
Rs 1,02,458 per sq. ft.
How many ultra-luxury properties were sold in India between 2022 and 2024?
Over 99
What is the approximate total sales value of ultra-luxury homes sold in India between 2022 and 2024?
Rs 8,069 crore
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