NCR clocks sales of 13,630 luxury homes until September in 2023, says report | Total sales in 8 major cities jump 115% | Business News
Property rates in Bengaluru will shoot up soon as new revised ‘guidance value’ will come into effect from October 1. (Representational image | Source: Unsplash)
New Delhi: More than 84000 units of luxury homes priced upwards of Rs 1.5 crore were sold in 2023 in the nine months until September, according to property consultancy Anarock. This translated into a 115 per cent jump in luxury home sales in key cities across India. In 2022, 39,300 luxury units were sold until September across the National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru, Pune, Hyderabad, Chennai, and Kolkata.
Also read: Lutyens in Gurugram? Golf Course Road flat sells for Rs 100 crore | Know why these flats are in favour
Biggest rise in luxury home sales
Hyderabad saw a 260 per cent jump in demand for luxury homes. Pune came second with a 191 per cent jump in luxury home sales.
Other cities with high luxury home demand were:
- Chennai (143 per cent)
- Bengaluru (142 per cent)
- NCR (119 per cent)
- MMR (74 per cent)
- Kolkata (69 per cent)
Also read: Bengaluru — Property rates surge by 10-20 per cent post guidance value revision
Most luxury properties sold
“MMR, NCR and Hyderabad outperformed the other cities in luxury housing sales in 9M 2023, with these three cities together accounting for approx. 63,390 units sold,” said Anuj Puri, chairman, Anarock.
- In MMR, 36,130 luxury units were sold until September 2023, compared to 20,820 units a year ago
- In NCR and Hyderabad, 13,630 units each were sold in 2023 until September, compared to 6,210 and 3,790 units a year ago, respectively.
Also read: Mumbai property selling like hot cakes! ‘Housing sales in city may cross Rs 1 lakh cr in 2023-24’
Flat sold for Rs 100 crore in Gurugram
In Gurugram, a premium flat was sold for Rs 100 crore, taking the price per unit to a level that rivals property prices in Lutyens Delhi. The Camellias by DLF on Gurugram’s Golf Course Road witnessed a 10,000 sq ft flat being sold for Rs 100 crore. These flats were preferred by startup founders for their premium location and offering matchless convenience to buyers.
