Ultra-Luxury Homes Sales Soar to ₹4,754 Crore in 2024, Driven by Mumbai’s Strong Demand

In 2024, ultra-luxury home sales across India reached a record ₹4,754 crore, marking a 17% year-on-year increase. Mumbai dominated the market with 52 high-value deals, including properties priced over ₹100 crore. The continued demand from HNIs and Ultra-HNIs, coupled with a growing interest in premium apartments and bungalows, underscores the resilience of India’s luxury real estate market.

Residential Real Estate Supply Rises 12.7% YoY, Premium Segment Grows 14.4%

India’s residential real estate market witnessed a 12.7% YoY supply growth in Q4 2024, driven by Bengaluru (56.1%) and Gurugram (44.1%). The premium segment surged 14.4%, accounting for 52% of new supply, while residential prices grew 22.7% YoY, led by Noida, Greater Noida, and Gurugram. Rising investor activity and sustained demand underscore the sector’s continued growth.

Lodha Golfview in Palava Sees Two Transactions Valued at ₹8.5 Cr Each

In 2024, Lodha Golfview in Palava recorded two standout property transactions, each valued at ₹8.5 crore, signaling a shift in the Kalyan-Dombivli market toward luxury real estate. These high-value sales highlight the growing demand for premium homes in emerging locations outside Mumbai’s traditional luxury neighborhoods. With properties priced at ₹15,200 per square foot, Palava is reshaping perceptions of luxury living in the Mumbai Metropolitan Region.

Mumbai Property Registrations Rise 5% in November 2024; Surge in Demand for Premium Properties

Mumbai’s property market saw a 5% year-on-year increase in registrations in November 2024, with a notable surge in demand for properties priced above ₹2 crore. The rise in registrations, coupled with a 30% increase in stamp duty collections, reflects a growing preference for premium housing.

Pune Real Estate Market Sees 50% Surge in Registered Transactions; Average Home Sales Value Hits Record

Pune’s real estate market has witnessed a dramatic upswing, with registered transactions…