Ultra-luxury homes worth Rs 24.43 billion sold in top 4 cities in 2024
Real Estate

Ultra-luxury homes worth Rs 24.43 billion sold in top 4 cities in 2024

Sales of ultra-luxury homes, each priced over Rs 400 million, reached 25 units across major cities until August this year, with a total value of Rs 24.43 billion, as reported by real estate consultant Anarock. Their data indicated that these homes were sold in Mumbai, Hyderabad, Gurugram, and Bengaluru during the first eight months of 2024, amounting to Rs 24.43 billion in cumulative sales.

However, no sales were recorded in Pune, Chennai, or Kolkata within this exclusive price bracket. The figures covered both the primary and secondary markets.

In 2023, around 61 such deals had taken place, generating a total sales value of Rs 44.56 billion across Mumbai, Hyderabad, and Gurugram.

Anarock Chairman Anuj Puri mentioned that with four months left in 2024 and the festive quarter approaching, more high-value residential deals are expected before the end of the year.

Of the 25 ultra-luxury homes sold so far in 2024, at least 20 were high-rise apartments valued at Rs 16.94 billion, while the remaining five were bungalows, together worth about Rs 7.48 billion.

Mumbai accounted for the majority of sales, with 21 units sold for a combined value of Rs 22 billion. In Hyderabad?s Jubilee Hills, two ultra-luxury homes were sold for a total of Rs 800 million. Gurugram saw the sale of a single home for Rs 950 million, while Bengaluru closed one deal worth Rs 670.5 million.

Out of the 25 deals made this year, nine involved properties worth over Rs 1 billion each, totalling Rs 15.34 billion in sales. Anarock also noted that in 2023, there were 10 such large-ticket transactions, with a collective value of Rs 17.20 billion.

Sales of ultra-luxury homes, each priced over Rs 400 million, reached 25 units across major cities until August this year, with a total value of Rs 24.43 billion, as reported by real estate consultant Anarock. Their data indicated that these homes were sold in Mumbai, Hyderabad, Gurugram, and Bengaluru during the first eight months of 2024, amounting to Rs 24.43 billion in cumulative sales. However, no sales were recorded in Pune, Chennai, or Kolkata within this exclusive price bracket. The figures covered both the primary and secondary markets. In 2023, around 61 such deals had taken place, generating a total sales value of Rs 44.56 billion across Mumbai, Hyderabad, and Gurugram. Anarock Chairman Anuj Puri mentioned that with four months left in 2024 and the festive quarter approaching, more high-value residential deals are expected before the end of the year. Of the 25 ultra-luxury homes sold so far in 2024, at least 20 were high-rise apartments valued at Rs 16.94 billion, while the remaining five were bungalows, together worth about Rs 7.48 billion. Mumbai accounted for the majority of sales, with 21 units sold for a combined value of Rs 22 billion. In Hyderabad?s Jubilee Hills, two ultra-luxury homes were sold for a total of Rs 800 million. Gurugram saw the sale of a single home for Rs 950 million, while Bengaluru closed one deal worth Rs 670.5 million. Out of the 25 deals made this year, nine involved properties worth over Rs 1 billion each, totalling Rs 15.34 billion in sales. Anarock also noted that in 2023, there were 10 such large-ticket transactions, with a collective value of Rs 17.20 billion.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?