Lead-to-Buy Conversion Time for Indian Housing Drops to 26 Days in H1 FY25, Reflecting Strong Demand

The latest ANAROCK data reveals a significant drop in the lead-to-buy conversion time for Indian homes, now standing at just 26 days in H1 FY25, down from 33 days in FY21. Ultra-luxury homes, priced above INR 3 Cr, are seeing the quickest decisions, while mid-range homes continue to see slightly longer conversion times due to rising property prices. The trend reflects both strong demand and growing buyer confidence in reputable developers.

Ultra-Luxury Homes Sales Surge to INR 2,443 Cr in Eight Months

The ultra-luxury real estate market in India saw INR 2,443 crore in sales through August 2024. Mumbai leads with 21 transactions valued at INR 2,200 crore. Prices for ultra-luxury homes have risen, with significant jumps in properties over INR 100 crore. Anuj Puri of ANAROCK anticipates more high-value deals as the year progresses.