Demand for luxury housing in metro cities

Q: How is the demand for luxury housing in the metro- cities?

Shiva Reddy, Bangalore

14th March 2013

Real estate News in Bangalore

luxury homes

real estate in india

luxury residential housing

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Replies (6)

As luxury is not every body cup of tea, hence the demand is also like that. However now because of the changing trend, young entrepreneurs and young achievers always wants to gift themselves as it gives them a sense of achievement and satisfaction. Migration from tier 2 and tier 3 cities to metro cities will surely add to the demand of luxury homes, however one thing to look upto is carefully choosing the luxury idea. Many international developers have joined the league of Luxury. for Rg. Trumph, Risland India, Hines and many more. Pick the location and then move ahead.

karan wasan, Apartment Resident

13th April 2020

Comment

This real estate market scenario occurred when the rest of the realty segment was experiencing sluggish growth. Luxury homes is the reflection of social lifestyle and status for the rich, which they can show-off to friends and family. Some home buyers park money in buying luxury homes for mere investment, others are upgrading to get like-minded neighbors.

Neeraj Rao,

18th March 2013

Comment

Cities like Bangalore and Pune have witnessed less number of sales compared to new launches but the price has increased by 10 percent year on year. Due to high returns, real estate continues to be the most preferred asset class with rich Indians. However, property buyers are only investing with reputed builders, who can deliver on time.

Bhargav Dev, Bangalore

18th March 2013

Comment

In prime cities like Mumbai, Pune, Bangalore, Chennai and Gurgaon, the luxury home sales have witnessed price rise of 6-23 percent year-on- year, which is a clear indication of upward movement. Gurgaon has seen the home sales of 792 units against 726 new launches. Whereas, Mumbai has seen the luxury home sales of 789 units compared with 652 new luxury residential launches and Chennai has seen home sales overtaking new launches by 17 percent.

Dhiraj,

18th March 2013

Comment

Around 5000 homes were launched across prime cities that are priced over Rs 3 crores during the same period when the absorption struck supply in the realty market. Luxury real estate has done pretty well during slow and recession environment as they are seen even now. Nowadays, the super-rich clientele prefers to put their money into hard assets rather than any intangible instruments and services.

Ramesh Reddy, Bangalore

15th March 2013

Comment

As the country has seen the launches of houses worth around $2 billion last year, luxury homes are catching up again in the real estate market. Such projects were launched during a time when the country was facing slowdown in the real estate sector.

Latika Yadav, Bangalore

15th March 2013

Comment