Luxury home sales in India’s top cities, including MMR, NCR, and Hyderabad, witnessed remarkable growth in the first nine months of 2023, with these cities collectively accounting for approximately 63,390 units sold. The period saw a 115% annual increase in luxury home sales, primarily driven by Hyderabad and Pune. Among the top seven cities, luxury homes made up around 24% of the 3.49 lakh units sold during this time. Hyderabad led the surge with a 260% increase in luxury housing sales, while Pune and Chennai also experienced significant growth. The report also highlights shifting trends in institutional investments in the real estate sector.
Luxury Home Sales Surge in Major Indian Cities, Hyderabad Leads the Way
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