Ghar Ki Baat • Highest number of 3,400 luxury houses sold in Delhi.

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According to Anarock, house sales in seven big cities in the country had increased by 63% in the first half, this growth will be more than 50% in the second half i.e. till December 31.

Seven cities of the country – Delhi-NCR, Mumbai, Pune, Hyderabad, Bengaluru, Chennai and Kolkata remain the major centers of luxury housing. According to the report of Global Commercial Real Estate (CBRE), the sales of houses priced above Rs 4 crore have increased by 97% in the nine months from January to September. During this period, 9,200 houses worth more than Rs 4 crore were sold in these seven cities. Last year this number was 4,700. That means sales doubled on annual basis. Delhi-NCR remained at the forefront in total sales. A total of 37% of luxury homes across the country were sold here. Mumbai stood at the second position with 35%, followed by Hyderabad (18%) and Pune at the fourth position (4%). 90% of luxury homes were sold in only four cities Delhi, NCR, Mumbai and Hyderabad.

16 percent people want houses worth more than Rs 1.5 crore

Real estate market analyst, broking firm Anaronc Consumer Survey: Before Corona, in the first half of 2019, 1% people had said that they would buy expensive houses worth more than Rs 1.5 crore. In the recent survey their number has increased to 16%. The growth rate of luxury segment will be 10% next year.

After Corona, people wanted such houses where there was enough space for ‘work from home’ and ‘e-schooling’. Now that the routine has become normal, this trend still continues. This is the biggest reason for the growing market of luxury homes. – Santosh Kumar, Vice President, Anarock Group

The lifestyle of rich customers is changing. This is the reason why it is gaining momentum. Anshuman Magazine, CEO (Gulf, South Asia), CBRE.

Source- Dainik Bhaskar