16% purchasers in India’s top 7 cities prefer premium luxury homes against 9% in pre-Covid period: Survey
The total share of residential purchases favour of premium luxury homes of the cost above ₹1.5 crore has now emerged up to 16 percent in India’s top seven cities as opposition of 9 percent in the pre-COVID-19 times, according to a survey that held by Anarock Group.
The survey that overviewed the concern to the data gathered and differentiate between the initial half or the January-June months of 2023, and the same time of period of year 2019, the year later the COVID-19 pandemic split out, the real estate section advisory group mentioned.
The survey was taken place in location of Mumbai Metropolitan Region, Delhi-NCR, Chennai, Hyderabad, Pune, Bengaluru and Kolkata.

After the pandemic, home purchaser have been looking for huge spaceed homes and else from highly curved facility and best location, premium luxury housing is basically existed by great floor space. Anarock’s most current consumer of homes under view survey also highlights this trend.
In the times period between July-September period of the year, the share of premium luxury residential homes was stand at 31,209, or 28 percent, out of the sum of 1,16,220 housing units estimated, Anarock mentioned in a release. This throw back a improvement in the trend of home purchases in country, it included, figuring out that the share of premium luxury homes out of the sun of housing units stand by 9 percent in Q3 period of 2018.
Therefore, premium luxury housing distribution continues to flow high, modest houses with the price rate at ₹40 lakh or lesser – have viewed a elimination trend, Anarock added. The share of sum modest home in the overall residential units estimated in Q3 2023 stand by 24579 or 18 percent, which is way lesser than as differentiate to 41 percent in the period before COVID-19 period of Q3 2019. Over the years, mostly, the share of modest houses continued the same as it stand by 18 percent in Q3 2022.