Demand for luxury houses in Delhi NCR expected to increase due to HNI

05 Apr 2023 CW Team

In the first quarter of 2023, the luxury home market expanded significantly, outpacing predictions and attracting the interest of high net worth people (HNIs) from all around the world.

The sector has emerged as a magnet for investment, with HNIs looking to diversify their holdings and seek for rare and upscale properties.

According to a recent report by real estate consultant Anarock, quarterly housing sales are at an all-time high in the last ten years. In the first quarter of the calendar year 2023, the top seven cities sold approximately 1,13,770 units, an increase of 14% annually from the approximately 99,550 units sold in Q1 2022.

The quarter saw the greatest sales in the last ten years due to a sharp increase in demand for expensive residences costing more than Rs 10.5 billion.

In addition, the desire to better one's lifestyle—including comfort, security, prestige, technology, and having neighbours who share one's beliefs and interests—drives demand for luxury properties in Delhi-NCR.

Homes costing between Rs 20-30.5 billion are over-indexed in the premium market and are increasing more quickly. The desire to acquire a home continues to be high across the nation despite rising home loan rates and property values.

Also read:
Kandoi Fabrics, directors buy 4 apartments in South Mumbai
HDFC Capital to set up platform worth Rs 1000 cr

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..