{"id":1414,"date":"2024-10-22T09:42:34","date_gmt":"2024-10-22T09:42:34","guid":{"rendered":"https:\/\/www.homebazaar.com\/news\/?p=1414"},"modified":"2024-11-25T06:14:32","modified_gmt":"2024-11-25T06:14:32","slug":"luxury-homes-sales-took-thirty-seven-percent-growth-within-jan-to-sep-this-year","status":"publish","type":"post","link":"https:\/\/www.homebazaar.com\/news\/luxury-homes-sales-took-thirty-seven-percent-growth-within-jan-to-sep-this-year\/","title":{"rendered":"From Jan-Sep 2024, The Luxury Homes Sales Took 37.8% Growth"},"content":{"rendered":"

In the first nine months of 2024, the luxury homes sales increased by 37.8%<\/em>. This surge was seen across leading 7 cities of India, according to the reports by real estate advisory firm.\u00a0<\/span><\/p>\n

Approximately 12,625 units were sold for Rs. 4 cr and more<\/em> this year as compared to previous year’s sales which were 9160 units.\u00a0<\/span><\/p>\n

The top seven cities included Pune, Bengaluru<\/a>, Kolkata, Chennai<\/a>, Mumbai, Delhi NCR and Hyderabad<\/a>. Out of these urban areas, Mumbai<\/a>, Delhi NCR and Hyderabad together made the sales of 90%<\/em>. It was noted that Delhi NCR recorded the highest sale with 5855 units being sold with an astounding YOY increase of 72%.<\/span><\/p>\n

A similar incline was noticed in the 3rd quarter of 2024. This was as the luxury home sales stood at 4360 units with a yearly increase of 82%<\/em>.\u00a0<\/span><\/p>\n

As per reports, the surge was due to the choices of affluent buyers for spacious living areas, enhanced amenities contributing to a varied and sophisticated lifestyle.<\/span><\/p>\n

Increase in the aspirational class and a rise in domestic investors and NRI\u2019s preference to invest in the Indian real estate market also led to the growth of transactions through sales.<\/span><\/p>\n

The Chairman and Chief Executive Officer of Anshuman magazine quoted that they expect the sales through new launches to transcend 300000 units in the next year following a strong performance in the first half of 2024.\u00a0<\/span><\/p>\n

The property prices would be decided by project quality, unsold inventory and infrastructure access.<\/span><\/p>\n

Between January and September, 2,25,000<\/em> flats were sold across top 7 cities of India which resulted in 5.61% of total sales in the luxury housing segment. Mid range projects were about 44% increase followed by high end and affordable projects.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In the first nine months of 2024, the luxury homes sales increased by 37.8%. This surge was seen across leading 7 cities of India, according to the reports by real estate advisory firm.\u00a0 Approximately 12,625 units were sold for Rs. 4 cr and more this year as compared to previous year’s sales which were 9160 […]<\/p>\n","protected":false},"author":2,"featured_media":1460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,117,28],"tags":[590,99],"class_list":["post-1414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pan-india","category-real-estate","category-residential","tag-luxury-homes","tag-mumbai"],"_links":{"self":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/1414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/comments?post=1414"}],"version-history":[{"count":1,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/1414\/revisions"}],"predecessor-version":[{"id":1461,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/1414\/revisions\/1461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media\/1460"}],"wp:attachment":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media?parent=1414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/categories?post=1414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/tags?post=1414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}