India’s luxury housing market is showing impressive resilience, defying any potential slowdown. According to a report by CBRE South Asia, sales of luxury apartments (priced above Rs 4 crore) witnessed a significant 27% increase in the first half of 2024 compared to the same period last year. This robust growth indicates a continued appetite for high-end living spaces among affluent buyers.
Delhi-NCR emerged as the frontrunner in this segment, experiencing a 13.8% year-on-year rise in sales. Mumbai and Hyderabad followed closely behind, showcasing a growing demand for luxury properties across India’s major cities. This trend can be attributed to several factors, including a strong economic performance that has bolstered investor confidence and a growing number of high-net-worth individuals seeking to invest in appreciating assets.
Additionally, developers are catering to this segment by offering opulent amenities, enhanced privacy, and prime locations, further fueling the demand for luxury apartments.
