A total of 25 ultra-luxury homes priced more than Rs 40 crore were sold in Mumbai, Hyderabad, Gurugram and Bengaluru in 2024 for a collective sales value of approximately Rs 2,443 core, as per Anarock data.
Gurugram’s High-Value Transaction
Rishi Parti of Info-x Software Technology purchased Rs 190 crore apartment in DLF Camellias. Nearby, DLF Dahlias is setting new benchmarks with 400 bare-shell units priced between Rs 60 crore and Rs 100 crore.
Mumbai’s Significant Luxury Sales
Mumbai continues its dominance in luxury homes market, with the biggest deal of the year at Lodha Malabar, where Asha Mukul Agrawal of Param Capital bought three luxury flats for a whopping Rs 263 crore. Other high value deals include apartments
at Oberoi Three Sixty West in Worli with Great White Global acquiring two 8,041 sq. ft. for Rs 225 crore and Shreegopal Kabra, promoter of RR Kabel buying two apartments on the 62nd floor of the same project for Rs 198 crore.
Bengaluru’s Most Expensive Homes
Earlier this year, Ajit Isaac, chairman and managing director of Bengalu- ru-based Quess Corp bought a 10,000 sq ft property worth Rs 67.5 crore in Koramangala. While, an ultra-luxury apartment in the Kingfisher Towers is currently up for sale at a price of Rs 50 crore.
Hyderabad’s Jubilee Hills Deals
Nilima Prasad Divi, daughter of Di-vi’s Laboratories founder Murali Divi bought two properties in Jubilee Hills for Rs 80 crore. Each property was 11,043 square feet costing Rs 40 crore.
Pune’s Rising Luxury Realty
A 12,000 sq ft penthouse in Lodha One, Bund Garden has been sold in Pune for Rs 37 crore making it the most expensive property deal in the city.
Noida’s Notable Increase in Luxury
Jaypee Greens, a luxury housing proj- ect in Noida offered a free Lambo- rghini Urus with the purchase of each
villa costing over ?26 crore.
2024 Year Ender
The year 2024 marked a significant shift in India’s real estate market with marquee projects setting new price benchmarks and buyers willing to pay a premium for luxury. While Gurugram, Mumbai and Bengaluru redefined luxury living in India, other cities too are seeing sales of luxury properties priced between Rs 10 crore and Rs 80 crore. A poll in September 2024 found that home prices in India are projected to increase around 6.0%-6.25% over the next two years.
