Demand for super luxury homes, each prices above Rs 40 crore, hit an all time high in 2024 with sales of 59 units for Rs 4,754 crore across top seven primary and secondary housing markets, according to Anarock. Real estate consultant Anarock data showed that ultra-luxury homes (priced above Rs 40 crore each) continued to…
READ MOREThe Delhi-NCR housing market witnessed a 44 per cent growth in new supply this year to 53,000 units, of which nearly 60 per cent were ultra-luxury homes priced above Rs 2.5 crore each, according to Anarock. The number of new launches of residential properties stood at 36,735 units during 2023. Real estate consultant Anarock has…
READ MOREDemand for luxury homes has surged across India’s top seven cities post-pandemic, leading to record sales and new launches, according to ANAROCKβs latest report. In H1 FY2025, the average ticket size of homes in these cities reached Rs 1.23 crore, up from Rs 1 crore in the same period of FY2024.Anuj Puri, Chairman of ANAROCK…
READ MORENew Delhi: Housing prices in Delhi-NCR and Bengaluru appreciated 29 per cent year-on-year in the July-September quarter on strong demand, high input cost and an increase in the supply of luxury homes, according to Anarock. Real estate consultant Anarock’s data showed that the average prices of residential properties in Delhi-NCR increased 29 per cent to…
READ MORENew Delhi: Land acquisitions remained muted during April-June, and only 25 deals covering 325 acres were closed during this period, mainly due to high prices and general elections, according to Anarock. In contrast, there were 29 land deals closed in the year-ago period, comprising 721 acres. Real estate consultant Anarock pointed out that the general…
READ MOREDevelopers are able to complete large scale projects in less than five years since 2014 against 6 years before that as modernisation of construction technology and implementation of Real Estate Regulatory Authority (RERA) has ensured homebuyers are getting the home in time.According to Anarock data, the average time taken to complete smaller projects of less…
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