The demand for premium segment homes is increasing in India. We are not saying this, but it has been revealed in a report by real estate consultancy firm JLL. It said that more than 50 percent of the apartments sold in the year 2024 were priced at Rs 1 crore or more. This has happened for the first time, which shows that there has been a big change in the choice of buyers in the country.
This is why buyers of modern homes increased
Dr. Samantak Das, Chief Economist and Research Head, JLL India, while talking to business Standard said, compared to 2023, there has been a tremendous jump of 86 percent in the premium segment (Rs 3-5 crore) and 80 percent in the luxury segment (Rs 5 crore and above). There are many reasons for this such as the number of high net worth individuals in the country has increased, disposable income has increased. Along with this, people have now started giving priority to big, modern and high-tech houses.
Strong sales in the segment above 5 crores
Similarly, the sales of luxury apartments in the segment of 3-5 crores increased by up to 86 percent. It contributed 9 percent to the total sales in the year 2024, while in 2023 it had only 5 percent contribution. Not only this, the luxury segment above Rs 5 crore also saw an increase of up to 80 percent, which was 5 percent of the total sales in 2024. In 2023 it was only 3 percent. About 302,000 housing units were launched in 2024. Their highest supply was seen in these 7 big cities of the country. Mumbai, Bengaluru and hyderabad had the highest 60 percent housing units ready. This happened for the first time after Corona, when the sale of housing units crossed its all-time high record.
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