Telangana Hyderabad witnesses surge in demand for luxury housing - Sales in segment rise by 10 pc
Hyderabad had a 10% year-over-year increase in sales of luxury housing, or units costing at least Rs. 4 crore, from january to March. The city ranked third in the nation for the percentage of premium inventory.
The real estate consulting firm CBRE South Asia Pvt. Ltd. issued "India Market Monitor Q1 2024," which states that hyderabad saw a rise in demand for and an influx of luxury flats. Sales with average ticket data-sizes ranging from Rs 20 to over Rs 40 crore were recorded in locations including Jubilee Hills, Banjara Hills, Hitec City, Raidurg, and Neopolis.
The real estate consulting firm CBRE South Asia Pvt. Ltd. issued "India Market Monitor Q1 2024," which states that hyderabad saw a rise in demand for and an influx of luxury flats. Sales with average ticket data-sizes ranging from Rs 20 to over Rs 40 crore were recorded in locations including Jubilee Hills, Banjara Hills, Hitec City, Raidurg, and Neopolis.
The research states that from january to march of 24th, 2024, the luxury segment's percentage share of total residential unit sales was around 5%. According to the research, mumbai saw the most gain in unit sales during the review quarter, with a 15% year-over-year growth in luxury category homes. Delhi-NCR, hyderabad, and pune were the next cities to record highs in this regard.
According to the CBRE analysis, the recovery of India's luxury residential real estate has resulted in strong expansion, with almost 45% of the total luxury stock added in only the previous five years.
According to the CBRE analysis, the recovery of India's luxury residential real estate has resulted in strong expansion, with almost 45% of the total luxury stock added in only the previous five years.
The luxury market was led by mumbai, which in January–March of 24 accounted for over 40% of the nation's total luxury inventory. High capital values are often associated with properties like Altamount Road, Nepean sea Road, Worli, Prabhadevi, Juhu, and Bandra (West), with average ticket data-sizes ranging from Rs 20 to Rs 60 crore. Apartments costing more than Rs 100 crore are occasionally noted as well.
"Sustainability has become a critical differentiator in real estate development, with an increasing emphasis on constructing eco-friendly and energy-efficient dwellings," stated Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle east & Africa, CBRE.
"Sustainability has become a critical differentiator in real estate development, with an increasing emphasis on constructing eco-friendly and energy-efficient dwellings," stated Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle east & Africa, CBRE.