Mumbai, Gurugram and Bengaluru saw record deals in the luxury real estate segment with 13 houses of over Rs 100 crore each purchased between January and October 2024, a report by Mint said.
In comparison, 2023 recorded 21 such transactions during the year, the paper said.
Ritesh Mehta, senior director and head of north, west and east residential services in India at JLL, said the just-ended year saw a jump in properties worth over Rs 100 crore, especially in Mumbai, Delhi-NCR and Bengaluru, the paper quoted him as saying.
Some of these properties are located in India’s premium locations such as Mumbai’s Malabar Hill or Pali Hill or Gurgaon’s Golf Court road, the paper said.
Anarock Group, a property consultant, revealed that in the previous three years (2022, 2023 and 2024 till August), India’s top cities closed 99 ultra-luxury property deals with a combined value of Rs 8,069 crore, Mint reported.
Overall, India’s real estate market recorded a growth of 16 percent in sales in 2024, it said.
Recently, in the biggest deal of 2024, a penthouse was sold for Rs 190 crore in DLF’s The Camellias in Gurugram.
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