Luxury Residences: What is driving the growth of luxury housing in NCR Financial Express
Luxury housing in the Delhi-National Capital Region (NCR) is witnessing a remarkable surge, echoing the broader trend across India’s real estate sector. According to a recent CBRE report, the luxury segment recorded a substantial 10% year-on-year growth in sales during the first quarter of 2024. While luxury housing continues to dominate the real estate sector, Delhi-NCR emerged as a significant contributor to new residential launches. The country’s economic growth, general all-around prosperity, preference for larger homes, and the added pace of major infrastructural projects such as expressways and highways, metro network expansion, rail corridor, etc., have been some of the key factors.
