Luxury homes continue to fly off the shelves, but will prices moderate?
Despite rate increases, luxury homes are still in demand for real estate developers. Experts predict prices may moderate with increasing volumes.
Despite rate increases, luxury homes are still in demand for real estate developers. Experts predict prices may moderate with increasing volumes.
The divergence between affluent and broad-based household demand persists, says UBS.
Luxury housing sees an unprecedented boom as rising disposable income fuels aspirations and Gen-Z goes on home-buying spree.
Delhi-NCR, Mumbai, and Hyderabad are the top three markets in terms of sales among the top seven cities, accounting for about 90% of all luxury home sales.
Sales of luxury units during the first six months of the current calendar year stood at 6,900 compared to 3,000 units during the same period last year, according to CBRE
Mumbai Metropolitan Region and Delhi-NCR have led luxury homes sales with H1 2022.