Financial Express-2025 could set new records in luxury realty
Luxury sells. And, the capital leads in lapping it up. With this month’s landmark deal of a flat in Gurugram’s DLF Camellias for Rs 190 crore, luxury real estate in Delhi-NCR is on a new high. Among the top seven cities in India, Delhi-NCR stood out with a remarkable 64% share of luxury residential launches in H1 2024, as per real estate consultancy JLL. Several developers, including DLF, TARC, Sobha, Paras Buildtech, M3M India, BPTP, Krisumi Corporation, Central Park, and Experion Developers, have all launched new luxury projects here.
The H12024 saw around 23,500 residential units launched in Delhi-NCR, exceeding the total launches of 2023, which stood at 22,707 units, as per JLL estimates. Gurugram dominated with 55% of the new launches, while Noida contributed 35% in 2024. Notably, over 26% of these new launches, totalling about 6,200 units, comprised luxury apartments (priced at Rs 5 crore or above).
