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

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

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


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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code