Luxury Property Home Sales increase to 12%

25 Apr 2022 CW Team

According to a report by Anarock property consultant, luxury homes sale and supply touched a new high in the first quarter of 2022 having the highest sales and supply in the past three years. Pent-up demand, stable prices, and benign interest rates were the major demand drivers.

Luxury property contributed for 12% of overall sales in the first quarter of 2022, in comparison with 7% the first quarter of 2019, since the ultra-high-net-worth individuals rushed to purchase larger homes for accommodating the need for more room during the Covid-19 pandemic.

Anarock Group Chairman Anuj Puri said that the new supply in the luxury property in the first quarter of 2022 marks the highest in a given quarter in three years. According to Anarock Research, a total of 13,330 units had been launched in the luxury category in the top 7 cities. The preceding quarter of 2021 witnessed the second highest supply in the category of around 9,350 units, whereas, the first quarter of 2020 witnessed only 4040 new units.

DLF Home Developers Limited, Group Executive Director and Chief Business Officer Aakash Ohri said that luxury homes are not just about brick and mortar, but an exclusive address with an overall living experience, complemented with an exclusive lifestyle enabling the privacy and comfort of an individual’s home. Among the most significant trends in this year is an influx of demand for homes in the luxury as well super luxury segments.

Image Source

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..