Mumbai, India Demand for luxury homes priced at Rs 10 crore and above remained strong with sales rising 8 per cent to nearly Rs 12,300 crore in January-June, according to a report by Sotheby's International Realty and CRE Matrix.
Sales in the first half of the 2023 calendar year stood at Rs 11,400 crore.
In the report, India Sotheby's International Realty and CRE Matrix said the market's surge to higher levels is in line with the ongoing upward trend in overall residential property sales, reflecting enthusiasm and confidence in the Indian economy.
India Sotheby's International Realty and data analytics firm CRE Matrix, one of the leading transaction and advisory firms for luxury homes, on Thursday released the report on Mumbai's luxury housing market (including both primary and secondary market) for the first half of this year .
Of the total sales, the primary luxury segment generated sales of Rs 8,752 crore, while the secondary (resale) market recorded record sales of over Rs 3,500 crore, up 38 per cent compared to the first half of the 2023 calendar year.
Among the big transactions, the report mentions a Rs 270 crore deal by Anil Gupta and Famous Polyester Ltd in Lodha Malabar, Malabar Hill; Rs 156.5 crore deal by Rekha Jhunjhunwala and family in Rockside Apartments, Malabar Hill; Rs 116.4 crore in Oberoi 360 West, Worli by Vratika Gupta; G+1 Bungalow, JVPD Scheme, Juhu by Girdharlal Bawri and others for Rs 101 crore; and Rs 97.4 crore in Oberoi 360 West, Worli by Mavjibhai Shamjibhai Patel.
Sales in the first half of the 2023 calendar year stood at Rs 11,400 crore.
In the report, India Sotheby's International Realty and CRE Matrix said the market's surge to higher levels is in line with the ongoing upward trend in overall residential property sales, reflecting enthusiasm and confidence in the Indian economy.
India Sotheby's International Realty and data analytics firm CRE Matrix, one of the leading transaction and advisory firms for luxury homes, on Thursday released the report on Mumbai's luxury housing market (including both primary and secondary market) for the first half of this year .
Of the total sales, the primary luxury segment generated sales of Rs 8,752 crore, while the secondary (resale) market recorded record sales of over Rs 3,500 crore, up 38 per cent compared to the first half of the 2023 calendar year.
Among the big transactions, the report mentions a Rs 270 crore deal by Anil Gupta and Famous Polyester Ltd in Lodha Malabar, Malabar Hill; Rs 156.5 crore deal by Rekha Jhunjhunwala and family in Rockside Apartments, Malabar Hill; Rs 116.4 crore in Oberoi 360 West, Worli by Vratika Gupta; G+1 Bungalow, JVPD Scheme, Juhu by Girdharlal Bawri and others for Rs 101 crore; and Rs 97.4 crore in Oberoi 360 West, Worli by Mavjibhai Shamjibhai Patel.
