According to PropTiger data, the residential market has witnessed a remarkable 37% surge in high-end property sales. This significant growth indicates a robust demand for luxury homes, driven by an increasing number of affluent buyers seeking living experiences. The surge can be attributed to factors such as improved economic conditions, increased disposable incomes, and a growing preference for properties offering top-tier amenities and exclusive locations. As a result, developers are focusing more on high-end projects, catering to the sophisticated tastes of this expanding market segment. The trend underscores the resilience and potential of the luxury real estate sector, reflecting broader economic confidence and investment in quality living spaces. g6j5f
Comments by Mr. Mohit Jain, Managing Director, Krisumi Corporation
The demand for luxury housing has seen a prominent upsurge nationwide. The luxury segment never witnessed sales at such a breakneck speed. Buyers are prioritizing comfortable living areas and dedicated workspaces. Builders have been able to sell their projects valuing thousands of crores within a few days as demand sured supply. Economic growth, higher supply from reputed branded builders and a surge in appetite for home ownership are some of the key growth drivers. This positive outlook is expected to result in a surge of new residential projects, in the luxury segment, catering to the growing number of discerning buyers and investors.