The doubling of sales from 6,210 units in January-September 2022 to 13,630 units in the same period in 2023 underscores the robust demand and increased supply of upscale residential projects in Delhi-NCR.
A recent research report by Anarock has indicated a remarkable upswing in luxury housing sales, particularly in Delhi-NCR. The report highlights a surge in the sale of luxury homes worth Rs 1.5 crore and above, showcasing the growing popularity of opulent living spaces. The remarkable surge in the sales of luxury homes reflects the strengthened real estate sector in Delhi-NCR.
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The doubling of sales from 6,210 units in January-September 2022 to 13,630 units in the same period in 2023 underscores the robust demand and increased supply of upscale residential projects in the region. This surge can be attributed to the unique blend of prime locations, exquisite interiors, cutting-edge amenities, security, and sustainability offered by luxury homes.
Commenting on the report, Amit Modi, Director, County Group, said, “It is a clear validation of the resurgence in the luxury real estate market. Luxury homes are redefining the landscape with state-of-the-art amenities, lavish interiors, and exquisite locations, attracting an ever-increasing number of discerning buyers. We’ve witnessed an unprecedented demand for our upscale properties in Delhi-NCR. The key to our success lies in delivering homes that exceed expectations – in terms of both aesthetics and functionality. Luxury homebuyers are investing in not just a house but a statement of their success, and we’re excited to be a part of this evolving trend.”
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“We’ve seen the demand for luxury residences increase dramatically over the last few months, and this report substantiates that trend. Luxury homes have always been synonymous with elegance and extravagance, offering a lifestyle that transcends the ordinary. The modern luxury homebuyer seeks a perfect combination of timeless design, technological innovation, and sustainable living, all of which we incorporate into our properties. It’s an exhilarating time for luxury real estate, and we’re committed to delivering excellence,” said Yash Miglani, MD, Migsun Group.
Luxury properties come with a range of high-end amenities such as clubhouses, swimming pools, gyms, and lush landscaped gardens, ensuring residents have access to all the comforts they desire. These projects prioritise the safety and privacy of their residents, featuring advanced security systems and gated communities. Many luxury homes incorporate eco-friendly technologies, demonstrating a commitment to sustainable living and energy efficiency. These developments are typically situated in the most prestigious and sought-after neighbourhoods, offering stunning views and easy access to the city’s amenities.
Sanjay Sharma, Director, SKA Group, said, “The rise in the sales of luxury real estate is a testament to the dynamism and growth of the sector in Delhi-NCR. We’ve observed a consistent demand for homes that offer a curated living experience. Our developments prioritise exclusivity, blending the latest in architectural finesse with top-tier amenities. The exclusive projects come with a plethora of features that set them apart, including prominent locations, exquisite interiors, classic amenities, security, and many more. The fact that buyers are recognising and valuing these attributes is immensely gratifying. Such developments are no longer limited to HNIs and are witnessing the participation of higher-income groups.”
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The Anarock report indicates the incredible potential of the luxury real estate market in Delhi-NCR. “We’ve focused on creating homes that embrace modernity, sustainability, and superior aesthetics. They are adorned with the finest materials and top-notch craftsmanship, boasting custom-designed interiors that reflect sheer opulence. The discerning buyers in this segment appreciate the value of such properties. It’s not just a real estate investment but rather an investment in a refined lifestyle. Luxury properties have become the choice of buyers for exclusive amenities as well as an enhanced living standard,” observed Rajjath Goel, MD, MRG Group.
It is evident that the luxury real estate sector is on an upward trajectory. The future prospects look bright, and it is expected to continue its growth, attracting even more discerning buyers who seek a life of comfort, sophistication, and luxury. The positive outlook on this segment mirrors the evolving aspirations of homebuyers and the commitment of developers to meet these aspirations, making the luxury real estate market an exciting and promising arena within the real estate sector.
