Luxury housing records 27% rise in sales in Delhi-NCR

22 Jul 2024 CW Team

The first half of 2024 saw a notable surge in the luxury housing market in the Delhi-NCR region, driven by affluent buyers, enhanced amenities, and significant infrastructure projects, according to CBRE. The first half of 2024 brought positive news for the real estate sector in the Delhi-NCR region, as the luxury housing segment experienced significant momentum. Housing units priced at Rs 4 crore and above recorded a 27% growth in the region, according to CBRE South Asia?s ?India Market Monitor Q2 2024? report. The report shows that total sales of luxury units between January and June stood at 8,500, compared to 6,700 during the same period the previous year. Delhi-NCR led the market, followed by Mumbai with 2,500 units sold and Hyderabad with 1,300 units. Pune saw sales of 1,100 luxury units, marking a 450% year-on-year growth. The overall housing market in India recorded a total of 156,000 units sold in the January-June period. Sales of luxury housing in top cities registered a 40.1% year-on-year growth in the April-June quarter. Delhi-NCR emerged as a prominent market in the June quarter, followed by Mumbai and Hyderabad, with Kolkata also seeing a notable two-fold increase in luxury residential sales. Collectively, this quarter witnessed total sales of 4,410 luxury housing units compared to 3,150 units in the same quarter last year. The surge in demand for luxury housing is driven by affluent buyers seeking enhanced amenities and more spacious living areas, said the CBRE report. The aspirational class and NRI investments are also contributing to the surge in demand. Anshuman Magazine, Chairman & CEO- India, South-East Asia, Middle East & Africa, CBRE, highlighted that mega infrastructure projects across the country, including transportation networks, highways, airports, and metro systems, are set to bolster real estate growth. "These developments are likely to unlock new markets, establish satellite cities, and stimulate growth in peripheral areas, making luxury housing an attractive investment," he said. (Source: Business Standard)

The first half of 2024 saw a notable surge in the luxury housing market in the Delhi-NCR region, driven by affluent buyers, enhanced amenities, and significant infrastructure projects, according to CBRE. The first half of 2024 brought positive news for the real estate sector in the Delhi-NCR region, as the luxury housing segment experienced significant momentum. Housing units priced at Rs 4 crore and above recorded a 27% growth in the region, according to CBRE South Asia?s ?India Market Monitor Q2 2024? report. The report shows that total sales of luxury units between January and June stood at 8,500, compared to 6,700 during the same period the previous year. Delhi-NCR led the market, followed by Mumbai with 2,500 units sold and Hyderabad with 1,300 units. Pune saw sales of 1,100 luxury units, marking a 450% year-on-year growth. The overall housing market in India recorded a total of 156,000 units sold in the January-June period. Sales of luxury housing in top cities registered a 40.1% year-on-year growth in the April-June quarter. Delhi-NCR emerged as a prominent market in the June quarter, followed by Mumbai and Hyderabad, with Kolkata also seeing a notable two-fold increase in luxury residential sales. Collectively, this quarter witnessed total sales of 4,410 luxury housing units compared to 3,150 units in the same quarter last year. The surge in demand for luxury housing is driven by affluent buyers seeking enhanced amenities and more spacious living areas, said the CBRE report. The aspirational class and NRI investments are also contributing to the surge in demand. Anshuman Magazine, Chairman & CEO- India, South-East Asia, Middle East & Africa, CBRE, highlighted that mega infrastructure projects across the country, including transportation networks, highways, airports, and metro systems, are set to bolster real estate growth. These developments are likely to unlock new markets, establish satellite cities, and stimulate growth in peripheral areas, making luxury housing an attractive investment, he said. (Source: Business Standard)

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..