News India Live, Digital Desk: Big Change in Real Estate: A big and interesting news is coming from the world of real estate. In the first quarter of this year (January to March 2024), Delhi-NCR has surpassed Mumbai in terms of selling ultra-taljari houses. Yes, you heard right-Now the people who buy the most expensive house are liking Delhi-NCR more than Mumbai!
How many houses were saved and how many are the price?
Think, 150 Ultra-Laljari houses were sold in Delhi-NCR between January and March, which cost more than Rs 1,500 crore! At the same time, 130 such houses were sold in Mumbai, which cost about Rs 1,200 crore. It is clear, Delhi-NCR overtook Mumbai in sales figures.
Here ‘Ultra-Lagjari’ means houses worth Rs 40 crore or more. Delhi-NCR stake in the ultra-taljari houses sold across the country, while Mumbai stood at 9%. These figures have been released by Real Estate Consultant Eneroc Research.
Why did Delhi-NCR go ahead?
Now the question comes, why did Delhi-NCR go ahead? There are many reasons for this:
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Land availability: In Delhi-NCR, larger land is easily found than Mumbai.
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Well -planned development: The city is developing in a planned manner, providing good roads and facilities.
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Better connectivity: It is easy to go from one place to another, which makes people comfortable.
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Big houses, plots and villas: People are now liking big houses, plots and villas, and they are found more easily in Delhi-NCR. Especially such houses have been sold in areas like Gurugram, Delhi and Noida-Greater Noida.
At the same time, talking about Mumbai, there is a lot of land shortage and due to low space, there are more skyscrapers. Therefore, people have a little less options.
There is also a good demand for luxury houses in other major cities such as Hyderabad and Bangalore, but their number in the ultra-taljari segment is less than Delhi-NCR and Mumbai.
Overall, these figures suggest that the demand for luxury and ultra-taljari houses in the Indian real estate market is increasing rapidly and people are no longer hesitant to invest in big and expensive houses.
