HNIs showing keen interest in buying luxury residential

Luxury residential properties are in demand and high-net-worth individuals (HNIs) are showing interest in buying such properties. A recent report suggested that sales of homes costing Rs 4 crore and above rose 75 per cent last year across seven major cities.

According to the data, the sales of luxury homes in Delhi-NCR jumped to 5,530 units in 2023 from 1,860 units in the previous year.

Delhi-NCR too witnessed a nearly three-fold jump in sales of luxury homes last year. It also recorded the highest sales among seven major cities.

One such luxury residential project located in NCR is Gulshan Dynasty which is coming up in Sector-144, Noida. Developed by Gulshan Group, the project has received a completion certificate. 

"We have crafted Gulshan Dynasty with a vision to provide not just luxury living but an entire wellness experience," said Yukti Nagpal, Director, Gulshan Group.

Sales of luxury homes in some major cities

In Mumbai, sales of luxury homes in Rs 4 crore and above price category rose to 4,190 units from 3,390 units.

Sales of luxury residential properties in Hyderabad rose to 2,030 units from 1,240 units.

Pune witnessed sales of 450 units last year as against 190 units in 2022.

Sales of luxury homes in Bengaluru remained flat at 265 units last year.

Kolkata saw a marginal increase in sales of luxury homes to 310 units from 300 units.

In Chennai too, sales rose marginally to 160 units last year from 150 units in 2022.