Luxury realty market sizzles despite price surge
In Mumbai, where space is perhaps the costliest anywhere in the world, luxury apartments worth R10,000 crore have been sold
Jan 19, 2015
Source : The New Indian Express


Mumbai: Prices aren’t holding back  anyone who wants to own an upmarket condominium.
In Mumbai, where space is perhaps the costliest anywhere in the world, luxury apartments worth R10,000 crore have been sold in the ten months to October. That’s across nearly 500 units costing an average of R20 crore, data from PropEquity shows.

A luxury residence could cost as much as R100 crore in Mumbai and more posh locations in New Delhi but the bulk of the transactions, real estate watchers say, are in the range of R20-25 crore.


The tab could be slightly smaller in Bengaluru, Hyderabad, Pune, Chennai or Kolkata where a luxury home can be bought for even R5 crore though really nice places can set you back by R15 crore.


The action in the luxury space hasn’t been restricted to Mumbai. In the NCR, for instance, 368 apartments costing between R4-40 crore were sold between January and VGOctober while in Bengaluru 302 of the 311 units  launched were sold.


Latest Realty News

Jan 19, 2015
New Delhi: The Competition Commission is likely to pass its ruling in next two to three weeks on the alleged unfair business ways in the realty space
Jan 19, 2015
Mumbai: DB Realty’s management says the company plans to launch projects with a total saleable area of six million sq. ft in the next one year
Jan 19, 2015
Bhubaneswar: A first-ever ‘Real Estate Award’, the Focus Odisha initiative, was held on Saturday here amid much fanfare
Jan 17, 2015
CHENNAI: The Tamil Nadu Housing Board's (TNHB) arbitrary rental and sale policy may come in the way of its bid to retain ownership over about 20 houses
Jan 17, 2015
HYDERABAD: The state government's hope of raising a substantial amount from landregularisation scheme may be dashed
Jan 17, 2015
MUMBAI: Easing rules, the Union ministry of environment and forests (MoEF) has said the building industry need not make trips to Delhi for environmental clearances (EC)
Jan 17, 2015
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) will soon come out with a cutoff date after which building plans for sub-divided plots without approach roads will not be considered
Jan 17, 2015
Telengana: chief minister K Chandrasekhar Rao directed the officials to examine the scope for taking over the golf course and other facilities created by Emaar Properties in a government land allotted in Hyderabad city way back in 2005
Jan 17, 2015
Mumbai: ( Housing Finance Company, DHFL, has appointed Harshil Mehta as CEO
Jan 17, 2015
New Delhi: Abhishek Bachchan bought a plush Rs 41 crore flat in Worli, Mumbai

Latest Realty News Of State

Realty Talk's