Home sales priced above Rs 1 cr up 80% in NCR, Rs 2-5 cr properties up 38%
Amid sustained demand for spacious homes with state-of-the-art amenities, the National Capital Region (NCR) saw properties priced Rs 1 crore and above accounting for 80 per cent of the total residential units sold in 2024, a report showed
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New Delhi: Amid sustained demand for spacious homes with state-of-the-art amenities, the National Capital Region (NCR) saw properties priced Rs 1 crore and above accounting for 80 per cent of the total residential units sold in 2024, a report showed.
Within this segment, the Rs 1 crore-Rs 2 crore and Rs 2 crore-Rs 5 crore bracket saw the most significant activity, driven by affluent homebuyers prioritising quality living spaces, as per the Knight Frank India report.
In 2024, the NCR recorded the highest sales volume in the ticket size category of Rs 2 crore-Rs 5 crore across eight markets in the country.
With sales of 18,997 units, NCR led the sales of this ticket size segment, contributing 38 per cent of the overall volume across eight markets in the country. The Rs 2 crore-Rs 5 crore segment in NCR witnessed a significant increase of 84 per cent from the residential sales of 10,311 units in 2023, according to the data.
