Homes above Rs 1 cr now 41% of India's Real Estate sales

Homes above Rs 1 crore now make up 41% of India's real estate sales.

Homes priced at Rs 1 crore (₹10 million) and above saw a significant rise in sales, accounting for a substantial 41% of total sales in H1 2024. This is a significant jump from just 30% in H1 2023, highlighting a growing desire for luxurious living spaces.

Apartments and flats in locations like Bawadiya Kalan, Hoshangabad Road, Ayodhya Bypass, and Arera Colony have developed into luxury living spaces. Additionally, row houses and duplexes are also in demand in Bhopal, within the range of Rs 80 lakh to Rs 1.25 crore.

India's status as one of the fastest-growing large economies has positively impacted office demand, with record-high transaction volumes.

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