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Luxury housing sales double in H1 2022, Mumbai region takes top spot

 Need for intelligent luxury properties with hi-tech surveillance and artificial intelligence (AI)-centered attributes, like automated temperature, light, and voice management functions pretty much doubled in the 1st fifty percent (H1) of 2022 in excess of the previous calendar year. 
 
 In accordance to Anarock, 184,000 units were being sold in the leading 7 Indian towns – the Mumbai Metropolitan Region (MMR), Countrywide Funds Area (NCR), Hyderabad, Bengaluru, Pune, Chennai, and Kolkata – in H1 of 2022. Of this, 14 per cent (25,680 units) were being luxury homes. Each and every unit charge much more than Rs 1.5 crore. In comparison, in the comparative period of time in 2019,…
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Sales of Rs 10 cr plus luxury homes in Mumbai record more than two-fold YoY increase in 2021
Pushed by climbing client demand from customers for larger households with improved features and small mortgage premiums, gross sales of luxury properties, priced around Rs 10 crore, in Mumbai jumped more than two-fold 12 months-on-yr (YoY) through 2021 at Rs 20,255 crore, in accordance to a joint report by India Sotheby’s Intercontinental Realty and CRE Matrix. Commenting on the same, Ashwin Chadha, President, India Sotheby’s International Realty, claimed, “Mumbai’s luxury housing market place has executed exceedingly perfectly for the duration of the very last calendar year. This is very significantly in line with the revenue velocity for luxury houses we have witnessed throughout the globe, such as world gateway cities…
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