51 percent increase in sales of houses
costing more than Rs. 50 crore
JLL India report revealed
The demand for luxury homes in the country is increasing exponentially. This is evidenced by the fact that the sale of houses priced above Rs. 50 crore increased by 51 percent last year. JLL India revealed in its latest report that the value of 45 houses sold last year was Rs. 4,319 crore. Of these, 58% are apartments, and 42% are bungalows.
The value of luxury homes sold in 2022 is Rs. 2,859 crore. Out of the 45 luxury houses sold last year, the value of 29 luxury houses sold in Mumbai was Rs. 3,031 crore, the value of 12 luxury houses sold in Delhi was Rs. 1,043 crore, and the value of 4 luxury houses sold in Bengaluru was Rs. 245 crore. Samantak Das, Head of Research, JLL India, said that sales of luxury homes have increased due to high demand from the affluent. He opined that the sale of luxury houses may increase in the future as the confidence of the rich in luxury properties is gradually increasing.
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