Skip to main content

India’s Rich Are Buying Luxury Homes Like Never Before!

🔹 Middle-Class Struggles, Luxury Boom
✔️ Rising cost of living & volatile job market hit mid-income buyers.
✔️ Demand for luxury homes (₹3 Cr+) is skyrocketing!

🔹 Record-Breaking Sales in 2024
✔️ 19,700 luxury homes sold, up 53% YoY.
✔️ Delhi-NCR leads with 10,500 sales—90% more than 2023!

🔹 Luxury Market Shift
✔️ NCR luxury sales grew from 3% in 2019 to 45% in 2024.
✔️ DLF ONE Midtown trading at ₹24,675 per sq. ft.

🔹 Ultra-Luxury Homes Selling Fast!
✔️ ₹40 Cr+ homes are in high demand—59 sales in 2024 (₹4,754 Cr).
✔️ Mumbai leads with 52 ultra-luxury deals.

🔹 Future of Luxury Housing
✔️ 24,180 new units launched in 2024 (up from 15,900 in 2023).
✔️ Developers expect continued growth in 2025.

🏙 Luxury homes are not just residences—they are investments & status symbols!

Labels:

Comments

Post a Comment

Popular posts from this blog

Union Budget 2025 Increases TDS Limit on Fixed Deposit Interest

The Union Budget 2025 introduces a significant relief for fixed deposit (FD) holders by increasing the TDS (Tax Deducted at Source) threshold on interest income. The limit has been raised to ₹50,000 for general citizens (up from ₹40,000) and ₹1 lakh for senior citizens (doubling from ₹50,000). This change will take effect from April 2025 and aims to simplify tax deductions while easing the financial burden on depositors, particularly retirees. New TDS Limits on Fixed Deposit Interest 📌 For General Citizens : The TDS threshold is now ₹50,000 , compared to the previous ₹40,000. 📌 For Senior Citizens : The exemption limit has doubled from ₹50,000 to ₹1 lakh , offering significant tax relief. This means less TDS deduction on interest earnings , allowing depositors to retain more of their money. How TDS on Fixed Deposit Interest Works TDS is deducted when FD interest earnings exceed the specified threshold in a financial year. Banks deduct 10% TDS if the depositor provides their PA...
Post a Comment
Read more

Understanding the Limitation Act, 1963: A Guide to Legal Timeframes

The Limitation Act, 1963 , is a crucial piece of legislation in India that defines the time limits within which legal actions must be initiated. It aims to ensure that cases are filed within a reasonable period, preventing indefinite delays and maintaining judicial efficiency. Understanding this law is essential for individuals and businesses dealing with legal matters related to contracts, property, civil disputes, and more. What is the Limitation Act, 1963? The Limitation Act, 1963 , sets specific timeframes within which different types of legal proceedings must be initiated in Indian courts. If a lawsuit is not filed within the prescribed time, the right to seek legal remedy may be lost. The law ensures fairness, prevents misuse of legal rights, and promotes legal certainty by barring outdated claims. Key Objectives of the Limitation Act ✔ Prevents Legal Uncertainty – Ensures that claims are made within a fixed timeframe, avoiding prolonged disputes. ✔ Encourages Timely Justice ...
Post a Comment
Read more

What is Lavani Patta Land?

 In Telangana, there are different types of lands titles that provide land ownership. Here Lands are segregated into Private land and Government Assigned Land, and the land owned by an individual who has Record Of Rights ROR on his name, and has legal land title ownership. Whereas government-assigned land is allotted to any individual who belongs to a BPL Below Poverty Level family to elevate their economic standards is termed as Government Assigned Land. Here it has ownership land title on an individual’s name, but assigned lands cannot be sold or transferred to anyone. To obtain a Lavani Patta one can get it from the Revenue Department of the state. The Chief Commissioner of Land Administration (CCLA) is the chief controlling authority for the revenue administration. Usually, the Tahsildar is the competent authority to assign the lands. Here, 50 percent land is assigned to Schedule Castes, 10 percent to Schedule Tribe, 30 percent to the backward classes, and the res...
Post a Comment
Read more