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

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?