DLF Readies to Enter Luxury Housing Markets of Mumbai, Goa bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
According to developers and brokerage firms, the US, Singapore, the UAE, Australia and Saudi Arabia have emerged as big markets for them and they have dedicated teams to help buyers in selecting the projects. According to market sources, the country s biggest developer DLF in its last project Privana South in Gurugram, had achieved 25% share (about Rs 1,800 crore) in NRI sales. Overall, during fiscal year 2023-2024, sales from NRI investors surpassed Rs 3,400 crore for DLF, which is almost 20% of total sales.
The average size of new houses in India increased to 1,300 sq ft in 2023 from 1,050 sq ft in 2019, with the National Capital Region (NCR) witnessing a significant rise. In the NCR, the average apartment size increased from 1,375 sq ft in 2022 to 1,890 sq ft in 2023, reflecting a 37% yearly growth. The shift towards larger living spaces is attributed to increased demand due to the Covid-19 pandemic. Over a five-year period, the average size of flats across India jumped by 51% from 1,250 sq ft in 2019. Luxury housing also witnessed growth, constituting about 23% of total new launches in 2023.
Rich-young Indians prep-up premium, luxury and ultra-luxury home sales thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.