Major cities Witness sale of 25 ultra-luxury Homes in Jan-Aug'

Sales of ultra-luxury homes, costing over Rs. 40 crore each, in major cities till August this year stood at 25 units with a cumulative value of Rs. 2,443 crore, according to Anarock. Real estate consultant Anarock data showed that a total of 25 ultra-luxury homes were sold in Mumbai, Hyderabad, Gurugram and Bengaluru in the first 8 months of 2024 for a collective sales value of Rs. 2,443 crore.

Pune, Chennai and Kolkata did not witness any sales in this rarified price bracket. The data includes both primary (first sale) and secondary (re-sale) markets. "The whole of 2023 saw about 61 deals with a cumulative sales value of Rs. 4,456 crore in Mumbai, Hyderabad and Gurugram.

"With four months remaining in 2024 and the festive quarter from October to December ongoing, we are likely to see more such large ticket-size residential deals happening before the year is through," Anarock Chairman Anuj Puri said.