Ultra luxury homes valued over Rs 4700 crore sold in 2024
Mumbai saw 52 units sold at price tags of over Rs 40 crore each – an 88 per cent share of the total deals across the top cities. Three ultra-luxury home deals were closed in Delhi-NCR - two in Gurugram and one in New Delhi. Both Bengaluru and Hyderabad saw two deals each
Chennai: In 2024, top seven cities saw sales of 59 ultra luxury homes priced over Rs 40 crore, cumulatively priced Rs 4,754 crore. Of this, 17 were priced over Rs 100 crore.
Of the total of 59 ultra-luxurious homes sold in 2024, 53 were apartments and 6 were bungalows, according to Anarock Group.
The collective sales value of Rs 4,754 crore saw a 17 per cent yearly surge in 2024 against 58 ultra-luxury homes sold for Rs 4,063 crore in 2023.
Mumbai saw 52 units sold at price tags of over Rs 40 crore each – an 88 per cent share of the total deals across the top cities. Three ultra-luxury home deals were closed in Delhi-NCR - two in Gurugram and one in New Delhi. Both Bengaluru and Hyderabad saw two deals each.
At least 17 deals were priced over Rs 100 crore each. The total value of these 17 homes sold alone was Rs 2,344 crore. Of the 17 deals, Mumbai witnessed 16 and Gurugram one.
According to Anarock, the Covid-19 pandemic generated a substantial demand surge for luxury and ultra-luxury housing, which shows no signs of slowing down. In the past three years, 130 homes of over Rs 40 crore were sold. The collective value of the 130 ultra-luxury residential deals were around Rs 9,987 crore. Of this, 116 homes were sold in Mumbai alone.