Luxury housing in India

Q: Which are the cities that has seen good demand for luxury homes and super luxury housings?

Govinda,

16th January 2014

Real estate News

luxury homes

luxury housing in india

residential real estate sector

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Cities like Delhi, Mumbai, Bangaluru, Chennai have seen really good luxury projects. Good thing to see here is that Delhi has also now started witnessing high rise which were a forte with Gurgugram and Noida earlier. Many domestic players have entered into Delhi high rise luxury apartments along with Global players like Risland india. Metropolitan cities will always have demand of luxury homes.

karan wasan, Apartment Resident

13th April 2020

Comment

Is the demand for luxury housing in Bangalore still there? Any idea how many luxury projects were launched last year in Bangalore? Which are the localities were developers are focusing for luxury projects?

Harsha Mahipal , Bangalore

22nd January 2015

Comment

The recent downfall of rupee value attract the NRI's to invest in Indian property and it also encourages real estate developers to launch projects in luxury and super luxury segment with exceptional facilities which are suitable for common mans budget.

Murali Krishnan, Bangalore

22nd January 2015

In 2014 Bangalore city witnessed a launch of about 35 luxury residential projects of 6000 units, in 2013 the market saw a launch of 18 projects of 4200 units and during 2012.

Most of the prominent developers are coming up in localities such as Richmond Road, Vittala mallya Road, Sadashivnagar and other localities to turn as hot spots.

Sreya Khan, Bangalore

22nd January 2015

The rate per sqft going on for luxury apartments in localities like MG Road, katurba Road and Cunningham Road ranges from Rs 23,000 to Rs 26,000 and the apartments in and around Rajajinagar, Yeshwantapur and Malleshwaram ranges Rs 6500 to Rs 18000 per sq ft.

Dhiraj,

22nd January 2015

Thanks for the information @Dhiraj. I am planning to buy a villa in Sarjapur Road by may be next month or so. Villas fall in the ticket size of around Rs 2.5-2.75 crores there.

Srikumar Nair,

21st February 2014

Comment

If I am investing in a luxury housing. Any idea home much will be the price bracket and how much appreciation I can expect?

Srikumar Nair,

21st February 2014

Comment

Luxury apartments are priced between Rs 1.80 and Rs 2 crores in Sarjapur road, Bellandur has high-end apartments in the vicinity of Rs 1.5-1.85 crores, Old Airport Road has premium apartments in the price bracket of Rs 2-2.50 crores. While Varthur Road has apartments upwards of Rs 3 crores, Marathahalli has options in apartments as well as villas upwards of Rs 3 crores. Gunjur has witnessed villa developments upward of Rs 2.50 crores.

High-end housing in east Bangalore is expected to appreciate in the range of 8-10 percent per annum

Dhiraj,

21st February 2014

According to sources, the suburbs of Whitefield such as Gunjur, Varthur Road and Old Madras Road towards Hoskote and the suburbs of Sarjapur Road, Haralur Road, Hosa Road etc are some of the emerging localities witnessing the rise of highend housing projects by virtue of their proximity to hi-tech zones.

Kaushik Bardia,

21st February 2014

Comment

Hey Aakash, You said that the connectivity is good but I feel east Bangalore is quite far from Bangalore International Airport.

Govinda,

21st February 2014

Comment

Yeah I agree but once the 116-km Peripheral Ring Road (PRR) project is operational, Bangalore east will have smoother accessibility to the airport. The PRR will link Hosur Road with Tumkur Road via KR Puram, Bellary Road, Old Madras Road and Sarjapur Road.

Aakash N, Bangalore

21st February 2014

Oh that's great. Which are the localities in East Bangalore have witnessed the launch of luxury housing options?

Govinda,

21st February 2014

Comment

Areas such as Varthur Road and Marathahalli have witnessed the launch of luxury housing options. This can be attributed primarily to the great deals of IT projects in the vicinity that have driven the demand for such residential options. :)

Seshagiri Mehra, Bangalore

21st February 2014

Even factors like improved connectivity and better social infrastructure are also responsible for providing impetus to these emerging areas in the last few years.

Aakash N, Bangalore

21st February 2014

A lot of commercial development happening in the east Bangalore and established neighbourhoods filling up to capacity, new belts are witnessing the rise of luxury housing options.

Aakash N, Bangalore

21st February 2014

Comment

A slow pace economy did not crush the appetite for luxury units in Mumbai. Mumbai is a home to a number of HNIs, and hence the properties in upscale residential localities in the city is likely to get absorbed easily. The price range for luxury units in Mumbai’s posh areas run from Rs 25000/ sq ft- Rs 110000/ sq ft.

Sandeep Mhatre, Mumbai

17th January 2014

Comment

Thanks for the information guys. How about Mumbai and Bangalore in this matter?

Govinda,

17th January 2014

Comment

Mumbai, among the traditional real estate markets in the country, tops in the list of most expensive cities in India. More than 29% of the overall under construction units in the financial capital of the country are priced above Rs 1 crore, in comparison to Bangalore(5%) and National Capital Region (11%).

Sandeep Mhatre, Mumbai

17th January 2014

As per property consultants, Bangalore still holds the tag of ‘affordable housing market’ with more than 77% of its of the total construction priced less than Rs 5 million. The market boasts of a number of options for buyers, according to budget and taste.

Kaushik Bardia,

17th January 2014

The vibrant micro-market in Bangalore remained stable even during the economic crisis in 2009. The property rates under luxury category in the city range from Rs 20000/sq ft- Rs 30000/ sq ft. An IT back-up and robust infrastructure growth has ranked the city as one of the preferred choice for investors and end-users.

Seshagiri Mehra, Bangalore

17th January 2014

Any idea how much Delhi has gained appreciation and prominence? I want detail information

Govinda,

17th January 2014

Comment

Gurgaon, in Delhi-NCR, has emerged as a lucrative property destination for end-users and investors, since good return on investment is assured. Every potential investor wants to have piece of the flourishing real estate in Gurgaon, which is brimmed with a good number of super rich households.

Vibhor, Delhi

17th January 2014

A huge shift in the traditional lifestyle and a major change in the preference of households among the young professionals have fuelled the demand for luxury housing in Delhi. Add to these is the superior construction and possession on the right time. Moreover, the consumers of such super luxury properties are either long time investors or HNIs.

Praveen P, Delhi

17th January 2014

In the last few years, super luxury and luxury residential sector has gained significant prominence and appreciation, especially in major cities such as Mumbai, Delhi-NCR and Bangalore. In addition to it, the premium project in such big cities witnessed a healthy pre-sale activity resulting a fast pace sell out.

Kaushik Bardia,

16th January 2014

Comment

In the age of manifold developments, super luxury and luxury housing projects have earned special preference from the home buyers and investors. Rising demand for luxury units in residential segment and end-users driving their interest in luxury units have caught the attention of the developers to come up with residential units under the premium category.

Suraj Kalled, Pune

16th January 2014