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Ritesh Mehta

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High-end residential market sees a phenomenal 1.5X Year-on-Year increase in sales value for luxury homes worth over INR 50 crore in 2023: JLL

Mumbai, 27 March, 2024: The luxury real estate market in India experienced a remarkable increase in the sales value of luxury homes priced at INR 50 crore and above, reaching INR 4,319 crore in 2023, a significant increase of approximately 1.5 times compared to the value of INR 2,859 crore recorded in 2022. This surge in sales value was accompanied by a rise in the number of transactions, with at least 45 luxury homes sold in 2023, compared…