16% purchaser in India’s top 7 cities prefer premium luxury homes opposed 9% in pre-Covid period: Survey

The part of residential purchaser are placing an premium luxury homes rate as above ₹1.5 crore has increased up to 16 percent in India’s high seven cities listed as opposed 9 percent in the pre-COVID-19 period, according to the survey held by Anarock Group.

The survey concerns to the data gathered and differentiate between the first half or the January-June segments of 2023, and the reciprocal period of 2019, the year later the times of pandemic of coronavirus stand out, the real estate advisory group added. 

The survey of those was held in Mumbai Metropolitan Region, Delhi-NCR, Chennai, Hyderabad, Pune, Bengaluru and Kolkata.

“Post the times of pandemic, residential purchaser have been seeking huge sized homes and apart from high-finishing facility and best location, premium luxury home is crafted introduced by good floor space. Anarock’s most latest customer views the survey also give back this trend. In the pre-Covid feature out of the survey (H1 2019), 9 percent questionee makes their decision on premium luxury homes rated above  ₹1.5 crore while in the recent features of H1 2023, this part was known to be increased to 16 percent,” talked by Prashant Thakur, Regional Director & Head – Research, Anarock Group.

In the mid times of July-September segments this year, the part of luxury homes stand at 31,340, or 29 percent, out of the sum of 1,16,760 residential units estimated, Anarock added in a release times.

Allover the seven listen top cities, Hyderabad was known to be having the top ranging highest latest luxury homes distribution in the July-September times. As sum as 14,450 premium luxury units were estimated in the city, consisting a closely 46 percent part of the sum of latest luxury distribution in the quarter, Anarock added, including that five years before, in Q3 2018, just 210 units were estimated in this segments in this city.

Mumbai was known to be set down as the second knowing latest premium luxury residential distribution with around 7,850 units in Q3 2023, backing by 3,920 units in Delhi at the time of the three-month time.