New Delhi, 15 April (IANS). The sales of the luxury housing segment in the top seven cities of India have seen a 28 percent increase on an annual basis during this year’s January-March period. This information was given in a report.
The report by Real Estate Consultant CBRE South Asia reported that 1,930 units have been sold in the luxury segment worth more than 4 crore in the first quarter of 2025.
The highest number of 950 luxury houses were sold in Delhi NCR in the top seven cities of the country. This was followed by Mumbai, whose total stake in the total sales was close to 23 percent.
The sale of luxury houses was seen in South Indian cities in Bangalore. A total of 190 luxury houses have been sold in the city during the January-March period of 2025. The figure was at 20 units in the same period of 2024.
At the same time, Kolkata and Chennai stake in the total luxury segment of 5 percent.
The report stated that the stake in the total sales of the high-end segment was 27 percent and the mid-end segment stake was 25 percent.
In CBRE, India, South-East Asia, Meadil East and CEO, Anshuman magazine said that luxury and high-end segment continues due to rising disposable income, improvement in lifestyle, improvement in lifestyle, and desire for future-Ready living space. We hope that residential demand will remain stable as the improvement in infrastructure and access to funding is supporting the demand of houses in major cities. Recent cuts in the repo rate can improve purchases.
The report said that India’s residential market could remain stable in 2025, which will benefit from increasing demand of homes, increasing income and improving infrastructure.
The report further stated that the repo cut by RBI will reduce the difference between EMI and Rental. This will see an increase in demand for houses.
The report further stated that due to adequate land acquisition during the year 2023-24, the new project launch during the year is expected to be high level.
-IANS
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