Five trends in luxury real estate The Times of India
Luxury real estate is experiencing explosive growth globally, driven by evolving consumer preferences and technological advances. The trend is similar in India, and the latest CBRE South Asia Pvt Ltd’s report, ‘India Market Monitor Q1 2023’, highlights this. The report, released recently, reveals that the luxury residential segment witnessed a remarkable 151% YoY increase in sales during the first quarter of 2023, building on its strong performance in 2022. Sales of high-end units in Delhi-NCR alone surged by a staggering 216%, while Mumbai recorded a 44% increase. In Hyderabad, sales rose by approximately 800%, Kolkata saw a 100% increase, and Pune recorded an astounding 13-fold YoY increase in sales for the quarter ending in March 2023.
