constructionweekonline.in-Indian luxury home sales reach 12-year high, driven by demand in metro cities
The Indian residential real estate market has grown to a 12-year high, with housing sales rising by 7% in 2024 over the previous year. Demand for luxury homes, especially in metro cities like Delhi NCR, Mumbai, and Bengaluru, has been one of the key drivers of growth. Luxury homes worth over Rs 1 crore comprised 46% of the total transactions in the past half-year. A report by Knight Frank has recently concluded, signifying an unambiguous shift in preference among buyers.
Moreover, Delhi NCR’s luxury housing market is witnessing an upward growth trajectory, with upscale neighbourhoods like Golf Course Road, Greater Noida, and Central Delhi seeing a spike in sales. As per the experts, this rise to the region’s economic resilience, proximity to key business hubs, and a strong pipeline of luxury projects catering to discerning buyers.
