Latest news with #GulshanGroup
Business Standard
3 days ago
- Business
- Business Standard
High Disposable Income & Demand of Quality Living to Drive Luxury Homes Growth
NewsVoir Delhi NCR [India], July 29: The definition of luxury housing in India is no longer what it used to be. As more households move up the income ladder, buyers are bringing sharper expectations to the table. Besides, the pandemic was a major turning point. It made space, wellness, and privacy non-negotiable. Today's luxury home is as much about comfort and calm as it is about status. It's where aspiration meets everyday utility; and that shift is what's driving the next wave of growth. According to a joint report by CBRE-ASSOCHAM, India's luxury housing segment witnessed an 85% year-on-year (YoY) growth in the first half of 2025, with nearly 7,000 high-end residential units sold across the top seven cities. Leading the luxury surge, Delhi-NCR clocked sales of approximately 4,000 luxury units during January-June 2025, contributing 57% share to the total luxury segment. The region also recorded a threefold increase in sales compared to the same period last year, the report said. With rising disposable incomes, the appetite for premium homes has grown wider. NRIs are returning with global benchmarks, professionals are upgrading their lifestyle; there's a clear shift toward real estate that delivers both comfort and capital appreciation. For many, a luxury home is no longer a milestone purchase--it's a strategic one. Yukti Nagpal, Director, Gulshan Group, says, "The concept of luxury has gone beyond mere possessions. With more disposable income and clearer expectations, buyers seek homes where they can experience comfort, convenience, and a certain ease in everyday living. In NCR, micro-markets like Noida-Greater Noida Expressway are seeing massive traction due to their superior infrastructure, proximity to business hubs, and access to prime facilities, aligning with what buyers look for. At Gulshan, we curate residences that are aspirational yet rooted in practicality; where every detail, from layout to location, enhances quality of life." Data from JLL showed, India's housing market is witnessing a decisive tilt toward premium homes, with properties priced above Rs 1 crore accounting for 62% of all residential sales during the first half of 2025. These homes are being snapped up not just in Delhi or Mumbai, but in tier 2 cities too. For this new class of affluent buyers, luxury housing is where aspiration meets asset-building. Saurabh Saharan, Group Managing Director, HCBS Developments, says, "In Gurugram, Dwarka Expressway's rise as a premium residential zone is no accident. With its strategic location connecting Delhi and Gurugram, infrastructure upgrades, and proximity to IGI Airport, this stretch has become a magnet for luxury homebuyers. As developers, we've noticed an increasing shift towards smart, secure, and amenity-rich homes in this corridor. What's especially driving the market now is a new wave of millennial buyers with rising disposable incomes, who want more than just shelter. They're seeking larger homes, spacious layouts, and modern amenities that match their lifestyle. This shift is pushing the demand for premium, future-ready homes, and we believe Gururgam will sustain its real estate market where homes meet these aspirations." Dr. Vishesh Rawat, VP & Head of Marketing, Sales & CRM, M2K Group, says, "In sectors like Sector 104 along the Dwarka Expressway, we're seeing a very distinct kind of luxury demand, which is quiet, thoughtful, and deeply lifestyle-driven. Affluent buyers here want homes that feel like a retreat but still stay connected to the city's pulse. But what's equally driving interest is the investment potential. With soaring property prices, strong sales momentum, and non-stop infrastructure development, this corridor is anticipated to deliver impressive ROI in the coming years. Hence, we foresee that luxury, for this segment, is about balance not excess." Vikas Dua, Founder and Director, Chintamanis Group, says, "Gurugram continues to lead NCR's luxury housing evolution, driven by a clientele with high disposable income that values brand legacy, prime addresses, and architectural statement. Branded residences, especially along corridors like the Dwarka Expressway, are being viewed as generational assets. The demand here is as much emotional as it is financial, turning Gurugram's billionaire belt a proven destination for enduring value." Simultaneously, Tier-2 cities like Dehradun, Chandigarh, Jaipur, Indore, and Lucknow have become the new luxury hubs. As per MagicBricks, the average capital appreciation across Tier-II cities stands at 17.6%, outpacing the national capital's 11.10%. Driven by NRI investments, second-home aspirations, and retirement planning, luxury is now becoming a nationwide aspiration rooted in quality living and future-readiness. Harvinder Singh Sikka, Chairman, Sikka Group, says, "The appetite for luxury homes in Tier 2 cities like Dehradun is unprecedented. With increased reverse migration, buyers are looking for elevated living without the chaos of metros. They demand panoramic views, green architecture, and modern amenities bundled into a lifestyle offering. Thus, the aspirational curve has shifted upward, and Tier 2 luxury now competes with metro-grade sophistication." Therefore, the future of luxury housing in India lies in its ability to evolve with the buyer. With disposable incomes rising and lifestyles becoming more global in taste, developers who focus on detail, design, and experience will be the ones leading the next chapter of India's luxury housing story.
Fashion Value Chain
3 days ago
- Business
- Fashion Value Chain
High Disposable Income & Demand of Quality Living to Drive Luxury Homes Growth
The definition of luxury housing in India is no longer what it used to be. As more households move up the income ladder, buyers are bringing sharper expectations to the table. Besides, the pandemic was a major turning point. It made space, wellness, and privacy non-negotiable. Today's luxury home is as much about comfort and calm as it is about status. It's where aspiration meets everyday utility; and that shift is what's driving the next wave of growth. Rising India's luxury housing segment According to a joint report by CBRE-ASSOCHAM, India's luxury housing segment witnessed an 85% year-on-year (YoY) growth in the first half of 2025, with nearly 7,000 high-end residential units sold across the top seven cities. Leading the luxury surge, Delhi-NCR clocked sales of approximately 4,000 luxury units during January-June 2025, contributing 57% share to the total luxury segment. The region also recorded a threefold increase in sales compared to the same period last year, the report said. With rising disposable incomes, the appetite for premium homes has grown wider. NRIs are returning with global benchmarks, professionals are upgrading their lifestyle; there's a clear shift toward real estate that delivers both comfort and capital appreciation. For many, a luxury home is no longer a milestone purchase-it's a strategic one. Yukti Nagpal, Director, Gulshan Group, says, 'The concept of luxury has gone beyond mere possessions. With more disposable income and clearer expectations, buyers seek homes where they can experience comfort, convenience, and a certain ease in everyday living. In NCR, micro-markets like Noida-Greater Noida Expressway are seeing massive traction due to their superior infrastructure, proximity to business hubs, and access to prime facilities, aligning with what buyers look for. At Gulshan, we curate residences that are aspirational yet rooted in practicality; where every detail, from layout to location, enhances quality of life.' Data from JLL showed, India's housing market is witnessing a decisive tilt toward premium homes, with properties priced above Rs 1 crore accounting for 62% of all residential sales during the first half of 2025. These homes are being snapped up not just in Delhi or Mumbai, but in tier 2 cities too. For this new class of affluent buyers, luxury housing is where aspiration meets asset-building. Saurabh Saharan, Group Managing Director, HCBS Developments, says, 'In Gurugram, Dwarka Expressway's rise as a premium residential zone is no accident. With its strategic location connecting Delhi and Gurugram, infrastructure upgrades, and proximity to IGI Airport, this stretch has become a magnet for luxury homebuyers. As developers, we've noticed an increasing shift towards smart, secure, and amenity-rich homes in this corridor. What's especially driving the market now is a new wave of millennial buyers with rising disposable incomes, who want more than just shelter. They're seeking larger homes, spacious layouts, and modern amenities that match their lifestyle. This shift is pushing the demand for premium, future-ready homes, and we believe Gururgam will sustain its real estate market where homes meet these aspirations.' Dr. Vishesh Rawat, VP & Head of Marketing, Sales & CRM, M2K Group, says, 'In sectors like Sector 104 along the Dwarka Expressway, we're seeing a very distinct kind of luxury demand, which is quiet, thoughtful, and deeply lifestyle-driven. Affluent buyers here want homes that feel like a retreat but still stay connected to the city's pulse. But what's equally driving interest is the investment potential. With soaring property prices, strong sales momentum, and non-stop infrastructure development, this corridor is anticipated to deliver impressive ROI in the coming years. Hence, we foresee that luxury, for this segment, is about balance not excess.' Vikas Dua, Founder and Director, Chintamanis Group, says, 'Gurugram continues to lead NCR's luxury housing evolution, driven by a clientele with high disposable income that values brand legacy, prime addresses, and architectural statement. Branded residences, especially along corridors like the Dwarka Expressway, are being viewed as generational assets. The demand here is as much emotional as it is financial, turning Gurugram's billionaire belt a proven destination for enduring value.' Simultaneously, Tier-2 cities like Dehradun, Chandigarh, Jaipur, Indore, and Lucknow have become the new luxury hubs. As per MagicBricks, the average capital appreciation across Tier-II cities stands at 17.6%, outpacing the national capital's 11.10%. Driven by NRI investments, second-home aspirations, and retirement planning, luxury is now becoming a nationwide aspiration rooted in quality living and future-readiness. Harvinder Singh Sikka, Chairman, Sikka Group, says, 'The appetite for luxury homes in Tier 2 cities like Dehradun is unprecedented. With increased reverse migration, buyers are looking for elevated living without the chaos of metros. They demand panoramic views, green architecture, and modern amenities bundled into a lifestyle offering. Thus, the aspirational curve has shifted upward, and Tier 2 luxury now competes with metro-grade sophistication.' Therefore, the future of luxury housing in India lies in its ability to evolve with the buyer. With disposable incomes rising and lifestyles becoming more global in taste, developers who focus on detail, design, and experience will be the ones leading the next chapter of India's luxury housing story.
Business Standard
07-06-2025
- Business
- Business Standard
Repo Rate Cut Fuels Real Estate Resurgence; Developers See Renewed Buyer Confidence
NewsVoir Delhi NCR [India], June 7: At a time of global economic uncertainty, the RBI has delivered a decisive signal with a 50 basis point cut in the repo rate, bringing it down to 5.5%. This marks the third consecutive reduction, underscoring the RBI's commitment to stimulate domestic demand, ease credit conditions, and propel investment cycles across key sectors. Among the immediate beneficiaries of this policy shift is the real estate sector. With consumer sentiment already on an upward curve, developers believe the lowered borrowing cost will catalyse housing demand, improve affordability for first-time buyers, and inject fresh liquidity into project development. Deepak Kapoor, Director, Gulshan Group, says, "A big news indeed. The decision to reduce the repo rate by 50 bps or 0.5% takes the total decrease in the repo rate by 1% in a short span of 6 months. The move also signals the central bank's confidence in the growing resilience of the country's economy which is increasingly exhibiting signs of certainty in the dynamically evolving global economic order. For the real estate sector, it will translate into an increase in new homeownership numbers." Sandeep Chhillar, Founder and Chairman, Landmark Group, says, "The RBI's decision to lower the repo rate by 50 basis points sends a strong pro-growth signal and undoubtedly benefits the real estate sector. Amidst the positive sentiments prevailing in the real estate sector, the decision will make the home-buying process for first-time homebuyers increasingly accessible. This move is expected to further propel the demand, sustain buyer interest, and create a favorable environment for continued growth across the housing market." Harinder Singh Hora, Founder Chairman, Reach Group, says, "The RBI's decision to cut the repo rate by 50 bps and bring it to 6% comes as a timely boost for the real estate sector. Lower interest rates would likely spur greater demand for retail loans, encouraging businesses to expand and boost end-user consumption. Hence, we expect a significant uptick in leasing activity and new project launches, reflecting strong investor and occupier confidence." Dr. Amish Bhutani, MD, Group 108, says, "RBI's third consecutive repo rate cut by 50bps signals continued confidence in India's economic growth story. This decisive move is set to unlock greater capital inflows, especially into high-impact sectors like real estate. Wherein, the commercial segment stands to benefit the most from easier financing. At a time when the country seeks robust economic growth, this rate cut would act as a timely catalyst, which would help attain the same." Sanjay Sharma, Director, SKA Group, says, "The third consecutive repo rate cut brings a wave of optimism in the Indian real estate market. 50 bps cut reflects RBI's clear intent to stimulate economic activity, which will not only give relief to homebuyers but will also boost demand across the real estate sector. Especially when the market is on an upward trajectory, we believe this decision will sustain its momentum." Sehaj Chawla, Managing Director, TREVOC Group, says, "The 50 bps repo rate cut by the RBI is a welcome step that reinforces the central bank's pro-growth stance. For the real estate sector, this move is expected to unlock greater housing demand, as lower interest rates significantly reduce the cost of borrowing. At a time when consumer sentiment is gradually strengthening, this could act as a powerful catalyst, encouraging more fence-sitters to take the plunge into property ownership and further energising the sector's growth." Pankaj Jain, Founder and CMD, SPJ Group says, "At a time when the real estate sector is growing exponentially, the RBI bringing the repo rate to 5.5% will give a major boost to the sector. Lower borrowing costs will make home loans more affordable, thereby encouraging more buyers to enter the market. Alongside, the move offers a stronger case for developers to expand in untapped micro-markets. As the demand for premium homes rises, the deduction will pave the way for sustained growth." Mr. Adish Oswal, Chairman of Oswal Group, says, "The RBI's decisive move to bring the repo rate down to 5.5% provides a strong impetus to both the economy and the real estate sector. The total 1% deduction in the last six months will enhance liquidity, empowering developers to accelerate project launches and completions. While firm reductions in home loan rates will improve affordability, particularly for first-time buyers. Collectively, these developments are set to drive renewed momentum and sustained growth across the real estate landscape in the coming months." Manit Sethi, Director, Excentia Infra, says, "With the repo rate now cut to 5.5%, the RBI's bold move delivers a powerful boost to both the economy and the housing market. Developers will benefit from improved liquidity, speeding up project launches and deliveries. With home loan rates likely to fall further, affordability will improve, especially for first-time homebuyers. Together, these factors set the stage for robust growth and a vibrant real estate market in the months ahead." Viineet Chellani, Founder and CEO, Asset Deals, says, ''The RBI's repo rate cut is a timely and strategic move to strengthen economic stability and revive sectoral growth. This 50 basis points reduction will provide much-needed relief to homebuyers and significantly boost demand across the real estate market. Lower borrowing costs and improved liquidity will enable faster project execution and better financial planning. We believe this rate cut lays a solid foundation for a stronger recovery in real estate as well as the broader economy." Neeraj Sharma, Managing Director, Escon Infra Realtors, says, "The RBI's decision to cut the repo rate from 6 per cent to 5.5 per cent is a significant move that will pave the way for the real estate sector. The reduction of 50 basis points will fuel much-needed momentum, resulting in lower EMIs for homebuyers and reduced borrowing costs for developers to launch more projects and meet the nation's housing demand. Therefore, it will not only boost housing demand but also spur overall economic growth and generate large-scale employment." Prakash Mehta, Chairman and Managing Director of Ocus Group says, "The RBI's 50 basis points repo rate cut demonstrates a strong intent to boost economic activity. For the real estate sector, it's a timely move that will ease borrowing costs, improve liquidity, and support faster project execution. This step is expected to lift market sentiment and reinforce long-term sectoral growth. It also enhances financial flexibility for developers and signals positive momentum for the overall economy." Sunny Katyal, Co-founder, Investors Clinic, says, "The 50 bps reduction in the repo rate will breathe new life into the real estate market. Amidst the surge in demand for both commercial and residential properties, this reduction is a significant move that will take the sector's growth to new heights. This will further ease financing costs for developers, thus benefiting ongoing and upcoming projects. Hence, we foresee increased buyer and investor enthusiasm alongside more competitive lending options from financial institutions." Piyush Kansal, Executive Director, Royale Estate Group, says, "The RBI's decision to cut the repo rate to 5.5% is a well-timed boost for the real estate sector. This move will ease financial pressure on homebuyers and developers alike, prompting more individuals to invest in property purchases and driving demand across the housing sector. We expect this to spur stronger sales activity and foster sustained stability and growth in the market moving forward." Ashwani Kumar, Pyramid Infratech, says, "The RBI's move to reduce the repo rate by 50 basis points is a timely and growth-oriented decision that will strengthen buyer sentiment in the real estate market. Lower interest rates will enhance home affordability, especially for first-time buyers, and ease the financial burden on developers. This policy shift is expected to accelerate housing demand and contribute positively to the sector's recovery and long-term momentum."
Fashion Value Chain
07-06-2025
- Business
- Fashion Value Chain
Repo Rate Cut Fuels Real Estate Resurgence; Developers See Renewed Buyer Confidence
At a time of global economic uncertainty, the RBI has delivered a decisive signal with a 50 basis point cut in the repo rate, bringing it down to 5.5%. This marks the third consecutive reduction, underscoring the RBI's commitment to stimulate domestic demand, ease credit conditions, and propel investment cycles across key sectors. Among the immediate beneficiaries of this policy shift is the real estate sector. With consumer sentiment already on an upward curve, developers believe the lowered borrowing cost will catalyse housing demand, improve affordability for first-time buyers, and inject fresh liquidity into project development. Repo Rate Cut Fuels Real Estate Resurgence Deepak Kapoor, Director, Gulshan Group, says, 'A big news indeed. The decision to reduce the repo rate by 50 bps or 0.5% takes the total decrease in the repo rate by 1% in a short span of 6 months. The move also signals the central banks confidence in the growing resilience of the countrys economy which is increasingly exhibiting signs of certainty in the dynamically evolving global economic order. For the real estate sector, it will translate into an increase in new homeownership numbers.' Sandeep Chhillar, Founder and Chairman, Landmark Group, says, 'The RBIs decision to lower the repo rate by 50 basis points sends a strong pro-growth signal and undoubtedly benefits the real estate sector. Amidst the positive sentiments prevailing in the real estate sector, the decision will make the home-buying process for first-time homebuyers increasingly accessible. This move is expected to further propel the demand, sustain buyer interest, and create a favorable environment for continued growth across the housing market.' Harinder Singh Hora, Founder Chairman, Reach Group, says, 'The RBI's decision to cut the repo rate by 50 bps and bring it to 6% comes as a timely boost for the real estate sector. Lower interest rates would likely spur greater demand for retail loans, encouraging businesses to expand and boost end-user consumption. Hence, we expect a significant uptick in leasing activity and new project launches, reflecting strong investor and occupier confidence.' Dr. Amish Bhutani, MD, Group 108, says, 'RBI's third consecutive repo rate cut by 50bps signals continued confidence in India's economic growth story. This decisive move is set to unlock greater capital inflows, especially into high-impact sectors like real estate. Wherein, the commercial segment stands to benefit the most from easier financing. At a time when the country seeks robust economic growth, this rate cut would act as a timely catalyst, which would help attain the same.' Sanjay Sharma, Director, SKA Group, says, 'The third consecutive repo rate cut brings a wave of optimism in the Indian real estate market. 50 bps cut reflects RBI's clear intent to stimulate economic activity, which will not only give relief to homebuyers but will also boost demand across the real estate sector. Especially when the market is on an upward trajectory, we believe this decision will sustain its momentum.' Sehaj Chawla, Managing Director, TREVOC Group, says, 'The 50 bps repo rate cut by the RBI is a welcome step that reinforces the central banks pro-growth stance. For the real estate sector, this move is expected to unlock greater housing demand, as lower interest rates significantly reduce the cost of borrowing. At a time when consumer sentiment is gradually strengthening, this could act as a powerful catalyst, encouraging more fence-sitters to take the plunge into property ownership and further energising the sector's growth.' Pankaj Jain, Founder and CMD, SPJ Group says, 'At a time when the real estate sector is growing exponentially, the RBI bringing the repo rate to 5.5% will give a major boost to the sector. Lower borrowing costs will make home loans more affordable, thereby encouraging more buyers to enter the market. Alongside, the move offers a stronger case for developers to expand in untapped micro-markets. As the demand for premium homes rises, the deduction will pave the way for sustained growth.' Mr. Adish Oswal, Chairman of Oswal Group, says, 'The RBI's decisive move to bring the repo rate down to 5.5% provides a strong impetus to both the economy and the real estate sector. The total 1% deduction in the last six months will enhance liquidity, empowering developers to accelerate project launches and completions. While firm reductions in home loan rates will improve affordability, particularly for first-time buyers. Collectively, these developments are set to drive renewed momentum and sustained growth across the real estate landscape in the coming months.' Manit Sethi, Director, Excentia Infra, says, 'With the repo rate now cut to 5.5%, the RBI's bold move delivers a powerful boost to both the economy and the housing market. Developers will benefit from improved liquidity, speeding up project launches and deliveries. With home loan rates likely to fall further, affordability will improve, especially for first-time homebuyers. Together, these factors set the stage for robust growth and a vibrant real estate market in the months ahead.' Viineet Chellani, Founder and CEO, Asset Deals, says, The RBI's repo rate cut is a timely and strategic move to strengthen economic stability and revive sectoral growth. This 50 basis points reduction will provide much-needed relief to homebuyers and significantly boost demand across the real estate market. Lower borrowing costs and improved liquidity will enable faster project execution and better financial planning. We believe this rate cut lays a solid foundation for a stronger recovery in real estate as well as the broader economy.' Neeraj Sharma, Managing Director, Escon Infra Realtors, says, 'The RBI's decision to cut the repo rate from 6 per cent to 5.5 per cent is a significant move that will pave the way for the real estate sector. The reduction of 50 basis points will fuel much-needed momentum, resulting in lower EMIs for homebuyers and reduced borrowing costs for developers to launch more projects and meet the nation's housing demand. Therefore, it will not only boost housing demand but also spur overall economic growth and generate large-scale employment.' Prakash Mehta, Chairman and Managing Director of Ocus Group says, 'The RBI's 50 basis points repo rate cut demonstrates a strong intent to boost economic activity. For the real estate sector, it's a timely move that will ease borrowing costs, improve liquidity, and support faster project execution. This step is expected to lift market sentiment and reinforce long-term sectoral growth. It also enhances financial flexibility for developers and signals positive momentum for the overall economy.' Sunny Katyal, Co-founder, Investors Clinic, says, 'The 50 bps reduction in the repo rate will breathe new life into the real estate market. Amidst the surge in demand for both commercial and residential properties, this reduction is a significant move that will take the sector's growth to new heights. This will further ease financing costs for developers, thus benefiting ongoing and upcoming projects. Hence, we foresee increased buyer and investor enthusiasm alongside more competitive lending options from financial institutions.' Piyush Kansal, Executive Director, Royale Estate Group, says, 'The RBI's decision to cut the repo rate to 5.5% is a well-timed boost for the real estate sector. This move will ease financial pressure on homebuyers and developers alike, prompting more individuals to invest in property purchases and driving demand across the housing sector. We expect this to spur stronger sales activity and foster sustained stability and growth in the market moving forward.' Ashwani Kumar, Pyramid Infratech, says, 'The RBI's move to reduce the repo rate by 50 basis points is a timely and growth-oriented decision that will strengthen buyer sentiment in the real estate market. Lower interest rates will enhance home affordability, especially for first-time buyers, and ease the financial burden on developers. This policy shift is expected to accelerate housing demand and contribute positively to the sector's recovery and long-term momentum.'
