Luxury homes overtake the affordable segment. What gives? The Economic Times

Luxury homes in India are selling like hot cakes. Recently, India's biggest developer, DLF, sold apartments worth Rs 5,590 crore within days of launch. It announced a few days ago the complete sale of its 795 apartments within just three days of launching its latest luxury housing project in Gurugram. The Arbour, which was launched by DLF in March 2023, too had witnessed pre-launch sales worth Rs 8,000 crore in three days. India's housing market, particularly in the top cities, has shown remarkable resilience post-pandemic, fueled by pent-up demand and growing aspirations for homeownership, but the luxury segment has seen a veritable boom. The share of luxury homes sold in India has tripled over the past five years, according to a report by property consultant Anarock Group.

Read More