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GURUGRAM: During the pandemic, if homebuyers are looking for more space, home offices and outdoor living areas, luxury developers are delivering.
According to the latest report by real estate consultant Anarock, builders in Delhi-NCR have increased the supply of luxury homes from 9% last year to 17% in 2021 so far.
While Noida accounted for the maximum new luxury share (73%) in the first half of this year, Gurugram followed with a 22% share and Greater Noida with a 5% share. Other NCR cities, including Delhi, Ghaziabad, Faridabad and Bhiwadi, saw no new luxury housing launches in this period.
As per the report, out of the 10,570 units launched in NCR in the first half of 2021, at least 17% (1,800 units) were in the luxury and ultra-luxury segments. Notably, properties priced more than Rs 1.5 cr have been considered in the luxury category.
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