Properties worth Rs 3.50 lakh crore sold in 7 top cities of the country, luxury homes become first choice


देश के 7 टॉप शहरों में बिक गईं 3.50 लाख करोड़ रुपये की प्रॉपर्टी, लग्जरी घर बने पहली पसंद

There has been a lot of boom in the real estate market in the top 7 cities of the country. In the last financial year, there has been an increase of 36 percent in the number of houses sold in these seven cities in terms of volume. On the other hand, talking about its value, a record has been seen in the financial year 2023 and an increase of 48 percent has been seen. According to the report, the demand for houses costing more than Rs 1.5 crore has been seen more during this period. Its share has increased from 5 per cent to more than 20 per cent in the last three years. Let us also tell you that how and why these are being seen in the real estate sector.

what kind of data to see

  1. According to data released on Monday by property consultancy Anarock Group, residential property sales in India’s top 7 cities are set to grow by 48 per cent to Rs 3.47 trillion in FY 2022-23.
  2. The total number of homes sold during the year increased by 36 per cent and the number of units stood at 379,000.
  3. The Mumbai Metropolitan Region witnessed the highest market share in terms of value and volume in FY2023. According to statistics, 30 per cent of all the houses sold were in this area alone. These were sold at a total value of Rs 1.67 lakh crore, which is 48 per cent of the total market share in terms of value.
  4. In terms of the number of houses sold, MMR is followed by Pune’s share of 17% and Delhi NCR’s share of 16%.
  5. Compared to FY 2022, there has been an increase of 77 per cent in the value of total homes sold in Pune.
  6. The luxury housing segment, which has homes priced above Rs 1.5 crore, has seen an increase in total units sold for the second year in a row.
  7. The total market share of these homes in terms of volumes is expected to increase from 10 per cent in FY2022 to 20 per cent in FY2023. In the financial year 2021, this share was 5 percent.

Sales of luxury homes boom

Anarock Chairman Anuj Puri said the boom in luxury housing is a result of overall better home ownership sentiment, better earning potential and a desire for homes that are future-proof in terms of size, lifestyle quotient and resale value growth.” People are ready to pay for all this. According to the consultancy, after the Kovid-19 epidemic, there has been a special boom in luxury real estate.

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