Luxury housing sales double in H1 2022, Mumbai region takes top spot

14% of 184,000 units sold in the top seven Indian cities in the period were luxury homes

Demand for smart luxury homes with hi-tech surveillance and artificial intelligence (AI)-based features, including automatic temperature, light, and voice control features almost doubled in the first half (H1) of 2022 over the previous year.

According to Anarock, 184,000 units were sold in the top seven Indian cities – the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Hyderabad, Bengaluru, Pune, Chennai, and Kolkata – in H1 of 2022. Of this, 14 per cent (25,680 units) were luxury homes. Each unit cost more than Rs 1.5 crore. In comparison, in the comparative period in 2019, 261,000 units were sold, of which