Luxury homes – categorised as those priced over 15 million rupees – made up more than one-fifth of all residential units sold across India’s seven top cities in the first quarter.
The share of luxury homes sold in India has tripled over the past five years, according to a report by property consultant Anarock Group.
Luxury homes – categorised as those priced over 15 million rupees (US$179,650) – made up 21 per cent of all residential units sold across the top seven Indian cities in the first quarter of 2024, according to the report. It was 7 per cent for the same period in 2019.
