Ultra-Luxury Home Sales Surge in Major Indian Cities

Ultra-luxury homes priced over Rs 40 crore saw strong sales in major Indian cities, with 25 units sold for a total of Rs 2,443 crore by August 2024, according to Anarock. Mumbai led with 21 sales, while Hyderabad, Gurugram, and Bengaluru reported smaller numbers. Festive season sales are expected to boost numbers further.

Ultra-luxury homes priced over Rs 40 crore saw brisk sales in major Indian cities till August 2024, recording a total of 25 units sold for Rs 2,443 crore, as per data from real estate consultant Anarock.

In Mumbai, Hyderabad, Gurugram, and Bengaluru, 25 high-end properties were snapped up during the first eight months of the year, with Mumbai leading with 21 sales valued at Rs 2,200 crore. Smaller numbers of sales were reported in Hyderabad, Gurugram, and Bengaluru, while Pune, Chennai, and Kolkata saw no transactions in this price bracket.

With the festive season quarter ongoing, real estate experts anticipate a further uptick in sales of ultra-luxury homes before the year concludes.

(With inputs from agencies.)