Demand for Luxury Homes Surges
Real Estate

Demand for Luxury Homes Surges

A recent survey reveals that 5.5% of prospective homebuyers are eyeing properties priced over Rs 1 crore, with particular interest in the Rs 3.5 to 5 crore segment across 13 major cities in India.

The survey highlights a significant surge in demand for luxury and ultra-luxury homes, with 35% of respondents showing strong interest—almost double the 18% recorded in the previous quarter.

Additionally, the preference for larger living spaces is evident, with 45% of respondents seeking homes over 2,000 square feet. More than half of the buyers (56%) are looking for 3-BHK or larger configurations, signaling a shift towards more spacious and functional homes.

A recent survey reveals that 5.5% of prospective homebuyers are eyeing properties priced over Rs 1 crore, with particular interest in the Rs 3.5 to 5 crore segment across 13 major cities in India. The survey highlights a significant surge in demand for luxury and ultra-luxury homes, with 35% of respondents showing strong interest—almost double the 18% recorded in the previous quarter. Additionally, the preference for larger living spaces is evident, with 45% of respondents seeking homes over 2,000 square feet. More than half of the buyers (56%) are looking for 3-BHK or larger configurations, signaling a shift towards more spacious and functional homes.

Next Story
Infrastructure Energy

Adyant Enersol & UPC Renewables Secure SJVN's 600 MW Wind Project

Adyant Enersol (Datta Infra) and UPC Renewables secured contracts in SJVN’s auction to develop 600 MW inter-state transmission system (ISTS)-connected wind power projects under a build-own-operate model. Adyant Enersol was awarded 70 MW with a tariff of Rs 3.98/kWh, while UPC Renewables secured 100 MW at a tariff of Rs 3.99/kWh. The tender for these projects was issued in March 2024, allowing bidders to submit proposals for capacities ranging from a minimum of 50 MW to a maximum of 300 MW, with project sizes specified in multiples of 10 MW. The selected developers are required to establis..

Next Story
Infrastructure Energy

Bridge and Roof Secures SJVN Contract for 100 MW Solar Project

Bridge and Roof Company, a government enterprise under the Ministry of Heavy Industries, has secured the engineering, procurement, and construction contract from SJVN Green Energy to establish a 100 MW solar power project in Rajasthan’s Didwana-Kuchaman district. The project is valued at approximately Rs 3.5 billion. The tender was issued in April 2024. The scope of work includes land development, design and engineering, procurement of equipment and materials, testing at the manufacturer’s facility, packing, transportation, supply, unloading, on-site storage, installation, erection, test..

Next Story
Infrastructure Transport

NHAI Uses AI and Drones to Detect 1,000 Encroachments on Highways

The National Highway Authority of India (NHAI) has implemented artificial intelligence (AI) and drone technology to detect approximately 1,000 encroachments on four major national highways. This initiative aims to address obstacles that hinder road construction projects and ensure their timely completion. The survey covered a span of about 360 kilometres, utilising high-frequency drones to capture detailed aerial images of the highways. AI-driven algorithms analysed these images to identify potential encroachments, including parked vehicles, construction materials, and makeshift structures. F..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000