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

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..