Britain’s answer to LVMH is suffering a setback. But don’t rule out its transformation just yet.
Urban locations of New Delhi, Mumbai, Bengaluru, Hyderabad and Chennai offer exciting growth opportunities for this luxury residential segment, a company official said.
An expanding middle class with more disposable income and rising medical tourism and business travel from overseas portend strong growth.
The financial capital is constrained when it comes to premium locations. South Mumbai is among the preferred destinations, and apart from boasting of a premium address, comes with the added advantage of a high FSI. And given the unrelenting demand for luxury homes, there is little likelihood of high-end deals tapering off soon
Branded residences are back in the market because the buyer today wants more than just a plain-vanilla apartment. There’s also confidence on account of RERA being in place, unlike in 2017 when a lot of people burnt their fingers.
The last few years have seen the emergence of a new class of homebuyers -- somewhere between an investor and an end-user – who is not interested in making a quick buck but is in it for the long haul.
Sales of high-end homes in the Big Apple surpassed that of pre-pandemic years in 2022. In Mumbai, by comparison, there was 46 percent year-on-year growth in properties priced more than Rs 10 crore, a benchmark for Mumbai’s top 1 percent in value terms and comparable to the top tier of Manhattan’s housing market
The apartments in the luxury project Oberoi 360 West are spread across an area of 9,593 sq ft.
The six properties are located in Lodha Malabar, Mumbai, and come with 20 car parking slots . Brokers said the value of the triplex makes the per sq ft cost at almost Rs 1.36 lakh per sq ft.
The response in Delhi and Bengaluru has, so far, been tepid as there is limited new supply in the above Rs 10-crore range. Mumbai doesn't have such a problem
Budget 2023 has capped the deduction on capital gains on investments in residential property, available under the two sections, at Rs 10 crore.
The project sprawls across 25 acres, comprising five towers. The 3,900-plus sq ft apartments come with four-bedrooms and large decks.
During one of the designer's previous fashion shows, models tripped on the runway, falling head over heels, literally, over the brand’s boots. It was one of the season’s most viral shows.
In a virtual conference, property consultant Knight Frank on Wednesday released its ’The Wealth Report 2023’.”The value of Prime International Residential Index (PIRI 100) that tracks the movement in luxury house prices across the world increased by 5.2 per cent YoY (year-on-year) in 2022,” Knight Frank said.
Mumbai is the 18th most expensive (in US dollar terms) prime residential market in the world, says Knight Frank’s The Wealth Report 2023
The company will be launching a high-rise condominium project after almost a decade and is eyeing a revenue potential of Rs 8,000 crore
The penthouse, located on the 63rd floor, is spread across a carpet area of 29,885 sq. ft. and a terrace of 4,815 sq. ft. The deal was registered on February 8, 2023. The buyer paid a stamp duty of Rs 13.83 crore. It comes with 14 car parking spaces, the documents showed.
Most of these apartments have a carpet area of 5,000 sq ft, and cost Rs 40-50 crore on average, property registration documents accessed by Zapkey.com showed.
The FM was responding to the Budget proposal limiting the deduction from capital gains on investment in residential property to Rs 10 crore
More than a real estate asset, apartments in UB City command a premium as its residents are from the elite; the maintenance amount paid by each resident is around Rs 5 lakh a quarter
It’s a scene playing out across the country, where a potent mix of status seekers, cashed up homeowners and YOLO-ing (you only live once) millennials has combined to make South Koreans the world’s biggest per-capita spenders on luxury brands.
Isprava has built luxury homes in Goa, Alibaug, Kasauli and the Nilgiris. The money will be used for a more strategic purpose such as acquisition and inorganic growth, co-founder and CEO tells Moneycontrol
Delhi NCR, Mumbai, Goa and Bengaluru remain the top four cities on the realty map for respondents. As many as 11 percent of India’s wealthy are searching for properties abroad
Staged over a lazy weekend, an open house lets a select set of prospective buyers soak in the sensory experience of living in the property.
Moneycontrol's latest series on luxury properties features Bengaluru's five properties starting at Rs 5 crore to Rs 22 crore. Take a look