+
High-End Luxury Segment Contributes 34% to Q1 2024 Residential Launches
Real Estate

High-End Luxury Segment Contributes 34% to Q1 2024 Residential Launches

In the first quarter of 2024, the high-end luxury segment has emerged as a significant contributor to residential launches, comprising 34% of the total. This trend underscores the continued demand for premium housing options and signals optimism in the luxury real estate market.

The surge in high-end luxury residential launches reflects the confidence of developers in catering to the discerning tastes of affluent homebuyers. These developments often boast top-notch amenities, bespoke designs, and prime locations, catering to the aspirations of luxury home seekers.

The strong performance of the high-end luxury segment in Q1 2024 demonstrates the resilience and dynamism of India's real estate market. Despite challenges posed by the pandemic, the demand for premium properties remains robust, supported by factors such as urbanisation, evolving lifestyles, and increased disposable incomes.

Developers are leveraging this demand by introducing innovative and exclusive projects tailored to the preferences of luxury homebuyers. The emphasis on quality, design, and lifestyle amenities sets these developments apart and reinforces their appeal in the market.

As the high-end luxury segment continues to flourish, it is expected to drive further innovation and competition in India's real estate landscape. Developers are likely to focus on delivering exceptional living experiences, thereby shaping the future of luxury residential living in the country.

Overall, the significant contribution of the high-end luxury segment to Q1 2024 residential launches highlights its pivotal role in the overall growth and evolution of India's real estate sector.

In the first quarter of 2024, the high-end luxury segment has emerged as a significant contributor to residential launches, comprising 34% of the total. This trend underscores the continued demand for premium housing options and signals optimism in the luxury real estate market. The surge in high-end luxury residential launches reflects the confidence of developers in catering to the discerning tastes of affluent homebuyers. These developments often boast top-notch amenities, bespoke designs, and prime locations, catering to the aspirations of luxury home seekers. The strong performance of the high-end luxury segment in Q1 2024 demonstrates the resilience and dynamism of India's real estate market. Despite challenges posed by the pandemic, the demand for premium properties remains robust, supported by factors such as urbanisation, evolving lifestyles, and increased disposable incomes. Developers are leveraging this demand by introducing innovative and exclusive projects tailored to the preferences of luxury homebuyers. The emphasis on quality, design, and lifestyle amenities sets these developments apart and reinforces their appeal in the market. As the high-end luxury segment continues to flourish, it is expected to drive further innovation and competition in India's real estate landscape. Developers are likely to focus on delivering exceptional living experiences, thereby shaping the future of luxury residential living in the country. Overall, the significant contribution of the high-end luxury segment to Q1 2024 residential launches highlights its pivotal role in the overall growth and evolution of India's real estate sector.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?