{"id":30206,"date":"2022-08-04T15:00:50","date_gmt":"2022-08-04T08:00:50","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=30206"},"modified":"2022-08-07T23:38:56","modified_gmt":"2022-08-07T16:38:56","slug":"demand-for-indias-luxury-properties-looks-up-in-q2-may-continue-throughout-h2","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/demand-for-indias-luxury-properties-looks-up-in-q2-may-continue-throughout-h2\/","title":{"rendered":"Demand for India\u2019s luxury properties looks up in Q2 \u2014 may continue throughout H2"},"content":{"rendered":"

The transition to a healthy lifestyle, the desire for elite amenities, and the need for future security have increased the value of this segment<\/span><\/p>\n

\"\"
Gurugram witnessed a substantial increase in launches, reaching 1,574 units in H1. PradeepGaurs\/Shuttertock<\/figcaption><\/figure>\n

Amit Goya, CEO of India Sotheby\u2019s International Realty, told <\/span>Financial Express<\/span><\/a> shared his perspective on the luxury segment, saying that top corporate executives, businessmen, and start-up founders have significantly increased the demand for bungalows in posh colonies of metros or farmhouses in the suburbs.\u00a0<\/span><\/p>\n

A further indication of the strength of the luxury housing market comes from the fact that the uptrend in luxury housing continued into Q2.<\/span><\/p>\n

According to a survey conducted by the firm, one-fourth of HNIs purchased properties during the pandemic. The vast majority of respondents (67 percent) indicated their eagerness to purchase a residential property in 2022, citing lifestyle improvements and solid financial potential as their main reasons for doing so.\u00a0<\/span><\/p>\n

More: India\u2019s housing market attracts more HNIs, Mumbai market to set a new sales record<\/a><\/p>\n

Moreover, India Sotheby’s saw a post-pandemic increase in demand for luxury goods of approximately 40 percent in the NCR market. There is a huge demand for autonomous floors, plots, villas, and farms. Demand is expected to grow in H2.<\/span><\/p>\n

Savills expect continuous growth in demand for luxury properties in Delhi, Gurugram, Mumbai, and Noida, according to <\/span>Business Today<\/span><\/a>.<\/span><\/p>\n

Delhi had approximately 1,168 new units in the premium to luxury segment in H1 2022. Gurugram witnessed a substantial increase in launches, reaching 1,574 units in H1. Noida launched 269 units in H1 2022.<\/span><\/p>\n

Luxury properties are in demand not just because they offer security and significant yields. Customers are attracted to their promises of solace, extravagance, and better overall health.<\/span><\/p>\n

The transition to a healthy lifestyle, the desire for elite amenities, and the need for future security have increased the value of this segment, and positive results will be witnessed in the coming years.<\/span><\/p>\n

\u201cIt\u2019s not only about high-end amenities; people now prefer homes which provide them with space for a study room, workout area, and other recreational activities. Long periods of confinement at home have also generated the need for owning a bigger home. All this bodes well for the future of luxury housing in the country,\u201d said Sanjay Sharma, director of SKA Group, as reported by <\/span>The Print<\/span><\/a>.<\/span><\/p>\n

The Property Report editors wrote this article. For more information, email: propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

The transition to a healthy lifestyle, the desire for elite amenities, and the need for future security have increased the value of this segment<\/p>\n","protected":false},"author":12,"featured_media":30207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[650,3001,1333,676],"class_list":["post-30206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-housing-market","tag-luxury-real-estate","tag-prime-real-estate","tag-real-estate-market","news_country-india","news_author-property-report"],"acf":[],"yoast_head":"\nDemand for India\u2019s luxury properties looks up in Q2 \u2014 may continue throughout H2 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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