Luxury housing on a roll in India, spearheaded by established developers Financial Express
In the first quarter of 2024, the luxury real estate sector established another benchmark. It not only contributed a massive 34% to new residential launches but also displayed a consistently rising graph, ascending sharply from the 13-14% growth it had clocked in 2019, according to a report by Cushman & Wakefield. Among the top eight cities, Mumbai and Pune emerged as frontrunners, jointly accounting for 44% of total unit launches, with Mumbai leading at 28% and Pune closely following at 16%. This surge was primarily spearheaded by established developers, who contributed a whopping 38% of the launches
