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Budget to Bespoke: Luxury housing surges in India, overtakes affordable segment
According to the latest data from Anarock Research, the Indian residential property sector continued its relentless growth momentum in the first quarter of 2024, witnessing notable increases in both sales and new launches. In the first quarter of 2024, out of 130,000 homes sold across the top 7 cities, luxury residences accounted for 21%, totaling approximately 27,070 units — a three-fold jump from Q1 2019, where they constituted only 7% of sales.
According to the latest data from Anarock Research, the Indian residential property sector continued its relentless growth momentum in the first quarter of 2024, witnessing notable increases in both sales and new launches. In the first quarter of 2024, out of 130,000 homes sold across the top 7 cities, luxury residences accounted for 21%, totaling approximately 27,070 units — a three-fold jump from Q1 2019, where they constituted only 7% of sales.
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