There is money in the air – whether it’s the vast expanses of land lining the national highways in the capital region or the bustling pockets of cities that seem to mint wealth by the minute. Luxury real estate, in particular, has been a magnet for affluence.
For the sector, the year started on a high. Barely a week into 2024, several national dailies featured a full-page advertisement by realty giant DLF, announcing, “We are sold out.” DLF had managed to sell 1,113 luxury apartments in Gurugram for approximately Rs 7,200 crore within three days of the pre-launch.