Financial Express-Sustainability Meets Luxury: How biophilic design is shaping modern real estate
India’s real estate landscape is constantly evolving, and this transformation has accelerated in recent years. With growing interest in luxury living and shifting priorities post-pandemic, homebuyers are increasingly drawn to sustainable lifestyles, spacious designs, and premium amenities under one roof. Trust in new projects is rising significantly, thanks to stricter regulatory oversight by state RERA authorities.
According to ANAROCK’s Annual Report 2024, NCR has witnessed a massive 247% YoY surge in ultra-luxury residential launches. Interestingly, the ultra-luxury segment, with a property ticket size of over Rs 2.5 crore, contributed 59% of the share of the new launches. The report further states that 52% of total launches and sales in the NCR region belong to Gurugram alone, showcasing higher supply and demand equilibrium in the micro market. The studies also highlight the rapid inclination of homebuyers towards ultra-luxury real estate, especially in the NCR region.
