As per the data, the total sales in this price category stood at 4,140 units during January-March this year across seven major cities from 3,780 units in the year-ago period.
"The Indian luxury real estate sector demonstrates robust fundamentals for sustained expansion, underpinned by consistent increases in household income and consumer spending power," Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa at CBRE, said.
These factors are anticipated to cultivate a segment characterised by discerning buyers prioritising quality, financial prudence and a desire for an elevated living experience, he added.
"Going forward, capitalising on the positive sales trend, developers nationwide are ramping up activity and are expected to launch new units in the segment," Magazine said.
As per the data for sales of housing units costing Rs 4 crore and above, Delhi-NCR saw a decline in sales to 1,150 units from 1,880 units during the period under review.
In Bengaluru, sales fell to 10 units from 70 units. Kolkata too saw a decline to 70 units from 110 units.
Sales in
In
Sales of housing units (each costing Rs 4 crore and above) in Chennai declined to 60 units during January-March this year from 40 units in the year-ago period.
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