The Delhi-NCR luxury real estate sector is experiencing rapid growth. Branded residences are leading this expansion. Major infrastructure upgrades are a key driver. Favorable economic conditions also play a role. Buyers now prefer a lifestyle-focused living experience.
The luxury property market in Delhi-NCR has boomed this year. Branded homes are driving this trend. Luxury floor values rose by 9 percent year-over-year. Residential plot values saw a 7 percent increase. These figures are from a Savills India report.
Infrastructure development fuels the luxury market. Projects like the Delhi Meerut RRTS improve travel. The Dwarka Expressway also boosts connectivity. The Delhi-Mumbai Industrial Corridor offers future potential. This makes Delhi-NCR an attractive investment spot. High-net-worth individuals are investing heavily. This opens up new luxury areas.
Demand for branded homes remains strong. Lower inflation helps buyer confidence. Retail inflation fell to 2.8 percent in May. The Reserve Bank lowered the repo rate. This should reduce borrowing costs. It also encourages home loans and buying.
Demand for premium homes shows a lifestyle shift. Buyers seek more than just space. They want quality living and good returns. Trump Tower 1 in Gurugram exemplifies this. Its value increased 2-3 times since its launch. Tribeca Developers sold out their second Trump project quickly. It fetched Rs 3,250 Crores. Repeat buyers and overseas investors showed strong interest.