Demand for luxury housing in India surges, villas most popular in metro cities: NoBroker
Why one should invest in real estate in Bengaluru: Experts share 5 profit tips Among the housing units, the appeal of owning a villa has intensified in the metro cities. Delhi-NCR, Mumbai-MMR, Hyderabad, and Bangalore have seen the greatest demand for these luxury properties.
"The luxury housing sector in the Indian real estate market is experiencing a remarkable upswing, driven by a discernible shift in consumer preferences towards spacious and opulent living spaces. Notably, buyers’ budgets have expanded, with not-only High-Net-Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs) increasingly considering real estate as a crucial long-term hedge against inflation, but even upper and upper middle class expanding their budgets to get bigger and more premium apartments," Saurabh Garg, Co-founder and Chief Business Officer, NoBroker said.
Real estate outlook 2024: Is affordable housing finance ready for takeoff? Sarjapur and Devanahalli in Bangalore; Greater Noida, Noida and Gurugram in Delhi-NCR, MMR in Mumbai, Kollur, Tellapur, and Mokila in Hyderabad have emerged as hotbeds with the largest number of villa launches in a year as per the NoBroker data. Budget 2024: Key expectations of real estate sector from Finance Minister The demand for villas in Bangalore has witnessed a 32% jump as compared to pre-Covid years, followed by 25% in Delhi NCR, 30% in Mumbai, and 27% in Hyderabad.
Housing sales in Gurugram up by 13% in 2023; 7-8% down in Noida, Greater Noida Besides villas, the proptech firm projected a surge in demand for plots situated in areas with well-established infrastructure and utility services. Mumbai's real estate sales and registrations reach 11-year high in November “The expansion of the
. Read more on livemint.com
