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Luxury penthouses back in vogue on uber-rich Indians' growing appetite
Sanket Koul New Delhi
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The penthouse segment in India has seen a steady uptick in interest and sales over the past three years, with high-networth domestic buyers and returning non-resident Indians (NRIs) driving demand for ultra-premium residences.
'The per square foot pricing for high-end penthouses in cities like Mumbai and Gurugram has reached all-time highs, touching ₹1.5 lakh per square foot in marquee projects,' said Ravi Shankar Singh, managing director, residential services, Colliers India. He added that the broader luxury housing segment — comprising homes priced at ₹8 crore and upwards — has grown by more than 150 per cent between 2022 and 2024.
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Space, privacy, prestige selling points for buyers Sanket Koul New Delhi Listen to This Article The penthouse segment in India has seen a steady uptick in interest and sales over the past three years, with high-networth domestic buyers and returning non-resident Indians (NRIs) driving demand for ultra-premium residences. 'The per square foot pricing for high-end penthouses in cities like Mumbai and Gurugram has reached all-time highs, touching ₹1.5 lakh per square foot in marquee projects,' said Ravi Shankar Singh, managing director, residential services, Colliers India. He added that the broader luxury housing segment — comprising homes priced at ₹8 crore and upwards — has grown by more than 150 per cent between 2022 and 2024.
