Hyderabad witnesses 44 pc rise in sale of luxury units as India’s wealthy drive record sales for uber-luxury homes

According to a recent report by real estate consultant CBRE, the luxury housing segment has experienced a remarkable 27 per cent year-on-year increase in sales during the first half of 2024.

Hyderabad: India’s residential real estate market is witnessing an unprecedented boom, with luxury home sales reaching new heights across major metropolitan areas.

According to a recent report by real estate consultant CBRE, the luxury housing segment has experienced a remarkable 27 per cent year-on-year increase in sales during the first half of 2024.

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This surge is particularly notable in cities like Hyderabad, which has seen an impressive 44 per cent annual increase, with 1,300 luxury units sold.

A report by Knight Frank emphasizes the surge in upscale residential sales in 2023 and cementing Hyderabad’s status as a luxury real estate hub. While Hyderabad shines, Gurugram is rapidly establishing itself as another epicenter of luxury real estate.

Aakash Ohri, Joint Managing Director & Chief Business Officer of DLF Home Developers Ltd, said, “the surge in demand for ultra-luxury homes in the Indian real estate industry is fueled by a rise in wealth creation and economic resilience among affluent segments. This shift is driven by a newfound appreciation for real estate as both an appreciating asset and a source of tangible and intrinsic value.”

DLF has capitalized on this trend with exceptional Q1 FY2025 results, reporting net sales bookings of Rs.6,404 crore, marking a phenomenal 214% year-on-year growth.

Shashank Vashishtha, Executive Director of Exp Realty India, said, ” This year, we’ve seen a notable increase in demand for these properties, particularly in Hyderabad, where buyers are attracted to the high quality and exclusivity of these homes.”

DLF is planning to launch a unique super luxury integrated villas community in Goa, with units priced at Rs.50 crore and above, along with an uber-luxury project in Gurugram that promises to surpass even the lofty standards set by The Camellias.