The Covid 19 epidemic has caused a paradigm change in how we think and behave. The traditional idea of a workplace was challenged by hybrid and remote work arrangements, which also blurred the lines between personal and professional life. The desire for larger living areas that provide elegance, comfort, and convenience has increased at a never-before-seen rate as a result of this new normal.

And, according to research by CBRE South Asia Pvt. Ltd., hyderabad has emerged as one of the stars in the luxury residential market with a startling 800% YoY surge in sales during the period of january through march of this year. hyderabad has always been a sought-after location for homeowners and real estate investors. However, purchasers looking for greater living spaces have renewed interest in the city's luxury housing market as a result of the remote work culture.

In contrast to the meager 50 luxury unit sales out of 7,700 total units sold the previous year during the same period, hyderabad had over 430 luxury unit sales during the period of january through march 2023, according to CBRE research.  It also emphasises how high-end unit sales have increased significantly in other key cities, including Delhi-NCR, mumbai, Pune, and kolkata, with Delhi-NCR recording a 216% rise, mumbai recording a 44% increase, and kolkata recording a 100% increase.

The trend towards luxury living, according to Anshuman Magazine, Chairman & CEO of CBRE for India, South-East Asia, the Middle East, and Africa, is expected to continue. "Projects with better amenities, a focus on health and safety, and clean surroundings are to further gain an edge amidst evolving consumer preferences," he stated.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

SIBY JEYYA

12/05/2023 08:10 AM