- The sales cross Rs 11,400-crore mark in six months
The commercial capital of the country Mumbai is zooming past other cities in respect to the sale of the luxury homes as the demand for such units has increased in the city. During Jan-June period of current year, the sale of homes that cost more than Rs 10 crore each has gone up by 50% to touch the Rs 11,400-crore mark, according to a report by the Sotheby’s International Realty and CRE Matrix. The increase in luxury segment homes is attributed to the unprecedented demand from industrialists, Bollywood celebrities, and high pay bracket employees.
Soon the Mumbai city is going to become one of the top 20 cities having the highest number of millionaires. MD of Sotheby’s international Realty Amit Goel said that the luxury housing market would sustain on strong customer support. Since 2018, every six months at least Rs 5,300-crore worth luxury houses are being sold. This year, the first six months saw it almost doubling to Rs 11,400-crore mark. The customers prefer high-rise buildings, sea view projects, the CRE Matrix CEO Abhishek Gupta said.
