Luxury Real Estate Boom: 59 Ultra-Luxury Homes Sold for Rs 4,063 Crore in 2024
The Indian luxury real estate market witnessed a significant surge in 2024, with 59 ultra-luxury homes being sold for a staggering total sales value of approximately Rs 4,063 crore. This marks a 17% yearly increase in total sales value, as per the data analysis by Anarock. The real estate sector has seen a notable growth in demand for high-end properties, driven by factors such as increasing wealth and a growing preference for luxury living. The rise of luxury homes in India has been a significant trend in recent years, with many affluent buyers opting for premium properties that offer exclusive amenities and world-class features. With the Indian economy expected to continue growing, the demand for luxury real estate is likely to remain strong, driving further growth in the sector. Key factors contributing to this growth include the increasing popularity of luxury homes, high-end properties, and premium living spaces.