Delhi-NCR is taking the lead in the luxury housing segment and continues to raise residents’ living standards. With the change in homebuyers’ lifestyle preferences, the sale of luxury homes is booming in India. As per a report, India’s luxury real estate market experienced a remarkable increase in the sales value of luxury homes priced at Rs 50 crore and above, which surged 55% in 2023. Almost 50% of homebuyers prefer buying properties with bigger spaces.
The increasing demand for luxury housing in the Delhi-NCR region has strengthened market sentiments and prompted developers’ strategic planning. As more developers shift their focus to the high-end market segment, they focus on curating premium projects that precisely cater to buyers’ discerning tastes, making them feel understood and valued.
Further, the allure of luxury homes has been visible, with the luxury villas catching the attention of buyers. Commenting on this growing trend, Mr. Neeraj Sharma, MD, Escon Infra Realtor, said, “Considering the recent times, the rise in the demand for luxury villas has transformed the luxury real estate segment. People are becoming more inclined towards villas as compared to high-rise societies. Even in investment, buyers are turning more towards bigger houses, resulting in more luxury villa launches. Moving ahead with the trend, developers are curating high-end villas, and cities like Noida-Greater Noida offer many options. These villas harmonise green and urban landscapes, boasting impeccable designs and premium amenities.”
Mr. Nayan Raheja of Raheja Developers , said, “The surge of luxury villas in Delhi-NCR demonstrates the demand for high-end properties in the region, and Gurgaon emerges as the hotbed for these high-end properties. Villas are the epitome of luxury living, fully loaded with premium amenities. With more launches anticipated in this premium micro-market, the demand for luxury villas will continue to rise in the coming years.”
Around 71% of wealthy Indians show a keen desire to invest in luxury real estate in the next few months, thus projecting a noteworthy impact on the market. Further, the sale of luxury homes in Delhi-NCR substantially increased in Q1 of 2024. Hence, a consistent upward trajectory can be observed in the value of luxury real estate. While other investment classes may experience unpredictability, high-end properties have exemplified steady appreciation over time.
Mr. Sachin Gawri, Founder & CEO, Rise Infraventures, said, “Beyond dwelling, luxury villas symbolize success, refinement, and a lifestyle of distinction. Prime locations with stunning views, proximity to cultural hubs, and exclusive neighborhoods have always been the core of real estate investments. Gurgaon has established itself as a haven for luxury properties, boasting villas with premium amenities that cater to the discerning tastes of homebuyers seeking bigger living space at a prime location.”
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