New Delhi [India], March 24 (ANI): India's luxury real estate market is witnessing rapid growth, driven by strong demand from high-net-worth individuals (HNWIs), non-resident Indian (NRI) investors, and domestic buyers looking to invest in premium properties. According to a report by GRI Club, an international real estate company, the sector is outperforming expectations and is set to record its third consecutive year of unprecedented sales. Also Read | Kunal Kamra Song on Eknath Shinde: Mumbai Police Register Case on Vandalism at UniContinental Hotel in Mumbai, To Question Shiv Sena Leaders.
"The sector is not only outperforming expectations but is on track to deliver its third consecutive record-breaking year in sales. In the top seven cities, total residential sales in 2024 are projected to exceed INR 5.1 trillion, with more than 300,000 units sold," it said.
This surge highlights the increasing dominance of the luxury real estate segment in the country's evolving property market. Also Read | IPL 2025: Vignesh Puthur, Son of an Autorickshaw Driver, Charts His Future With Mumbai Indians. The report stated that cities such as Mumbai, Gurgaon, and Bangalore have seen particularly high demand for ultra-luxury residences, with absorption rates reaching new heights.
The trend reflects a growing preference among buyers for high-end, amenity-rich homes that offer exclusivity and superior lifestyle features. Apart from individual buyers, family offices and institutional investors a.
