Mumbai, March 29 (IANS). India’s ultra-taljari home market is growing rapidly and in the last three years 49 houses worth Rs 100 crore or more were sold for Rs 7,500 crore. This information was given in a report released on Saturday.
Ultra-Longery residential sales have gained rapid jump as a proof of India’s fast growing luxury real estate market. Now the apartments have dominated the ultra-linguistic segment as compared to the bungalows.
According to JLL’s report, there are no signs of decrease in this speed, as in the first two months of 2025, the first two ultra-taljari houses have already been sold, which cost the total price of Rs 850 crore.
JLL’s Chief Economist and Head of Research and REIS Bharat, Dr. Samantak Das said, “According to our analysis, in the last three years, the total deals were Rs 100 crore and 65 percent of the apartments worth Rs 100 crore and the remaining 35 percent of the bungalows.”
Das said that however, some properties were transacted even above this price limit and their price was between Rs 200-500 crore.
Although the demand for premium residential properties in many Indian cities is continuously increasing, but the suitable home buyer profiles for these special assets are at the forefront of Mumbai and Delhi-NCR.
“JLL’s Senior Managing Director (Chennai and Coimbatore) and residential services head Shiv Krishnan said,” Home buyers of Rs 100 crore and above include large business groups, actors and founders of new startups. “
Out of these 49 houses sold in the last three years, Mumbai was 69 percent, followed by Delhi NCR.
In Mumbai, a large part of these transactions dominated Malabar Hill and Worli. In Delhi-NCR, such deals were not limited to Lutyens Bungalow Zone (LBZ) only.
Krishnan said that several high-region apartment deals were also recorded on the golf course road in Gurugram.
The report said that most of all the apartments sold in the price of Rs 100 crore and above in the last three years were in the range of 10,000–16,000 square feet (super built-up areas).
-IANS
SKT/ABM
