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Business Standard
2 days ago
- Business
- Business Standard
India's Billionaire Belt - Where Luxury Housing Demand is Soaring in 2025
NewsVoir Delhi NCR [India], July 26: The term 'Billionaire Belt' captures more than just a cluster of wealthy neighborhoods--it reflects a new geography of aspiration taking shape in India. Stretching across parts of Delhi-NCR, this belt is defined by a rare convergence where rising concentrations of ultra-rich individuals, a maturing luxury real estate market, and world-class infrastructure that supports global lifestyles can be observed. Delhi-NCR recorded a 209.4% spike in luxury home sales in the last one year. Nearly 3,960 homes priced at ₹6 crore and above were sold in just the first half of 2025, up over three times from 1,280 units last year, according to a new CBRE-ASSOCHAM report. Over half of the country's luxury transactions now flow through this region--an unmistakable sign of where wealth is choosing to settle. Gurugram and Noida lead this wave, with high-value launches dotting their micro-markets. What's driving this surge is the union of factors like rising disposable incomes of buyers along with the growing desire for larger and well-located homes owing to post-pandemic lifestyle upgrades. On top of that, the surge in HNIs and NRIs across India, particularly in and around the capital, is quietly but powerfully reshaping the contours of luxury housing. Looking at the bold yet considered choices of these buyers, developers are focusing more on transparency, experience, and high-end finishes, boosting buyer trust. Complementing this, RBI's pause on rate hikes has made home loans relatively more attractive, even in the luxury segment. Mohit Gawri, Vice President-Sales, RISE Infraventures says, "Luxury housing demand is being shaped by a new psychology of permanence. Buyers aren't flipping properties--they're curating generational homes. The NCR's billionaire belt reflects this shift with high-end homes getting booked early. There's also strong NRI traction and domestic movement from metro cores to planned peripheries, showing that buyers are investing in homes that feel like sanctuaries and signal permanence." Salil Kumar, Director, Marketing and Business Management, CRC Group says, "A home is more than a personal landmark-- it is a reflection of success. In the luxury segment, there is virtually no upper ceiling; from sprawling bungalows in posh locations like South Delhi to sky villas in Gurugram, high-net-worth individuals seek homes that match their ambition. But with supply tightening in legacy zones, buyers are exploring new luxury corridors across Noida-Greater Noida. These locations are the new epicentres of luxury demand, and the momentum here is only set to grow. At CRC, we've been mindful of this lifestyle shift, catering to buyers who view their home as both a retreat and a lasting legacy." Besides, tier-II cities or second-home destinations like Sonipat, Kundli, and Chandigarh are witnessing a significant rise in demand within the luxury real estate segment. Buyers are increasingly drawn to locations that offer cleaner air, lush surroundings, and a peaceful lifestyle, which is not possible in fast-paced metro cities. Gurpal Singh Chawla, Managing Director, TREVOC Group, says, "Luxury homebuyers prioritize space, privacy, and long-term value over just centrality. However, post-pandemic, they are more inclined towards locations that offer scenic value, rental potential, and a quality lifestyle. Against this backdrop, tier 2 locations like the Sonipat-Kundli belt are witnessing a quiet luxury surge, going beyond the title of Delhi spillover. Business owners, professionals, and legacy families from the capital are investing here for larger land parcels and less congestion, reflecting an appetite for locations with urban access and suburban tranquillity." Umang Jindal, CEO, Homeland Group, says, "Tier-2 cities are the next luxury frontier, especially among NRIs, industrialists, and second-home seekers. This shift is putting cities like Chandigarh at the forefront of high-end housing demand. With its planned infrastructure, cleaner environment, and cultural refinement, the region is a haven for expansive homes, wellness-centric communities, and a sense of balance. Thus, demand here isn't incidental--it's accelerating, making tier 2 locations India's most sought-after luxury housing destinations." Moreover, on the sales and supply front, during April-June quarter housing sales in Delhi-NCR rose by 16% to more than 11,700 units on high demand for luxury homes and new launches, according to PropEquity. New supply was estimated at 13,823 units in the second quarter of this year, up 37% from 10,084 units in the year-ago period. Sanjay Sharma, Director, SKA, says, "Gurugram continues to lead NCR's luxury housing evolution, driven by a clientele 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." Therefore, as India's wealth landscape continues to expand, the term Billionaire Belt is evolving from a metaphor into a tangible force in the country's real estate story. This belt is no longer just about prime locations--it's about ecosystems that support legacy living, global connectivity, and lifestyle integration at the highest level.
Fashion Value Chain
2 days ago
- Business
- Fashion Value Chain
India's Billionaire Belt – Where Luxury Housing Demand is Soaring in 2025
The term 'Billionaire Belt' captures more than just a cluster of wealthy neighborhoods-it reflects a new geography of aspiration taking shape in India. Stretching across parts of Delhi-NCR, this belt is defined by a rare convergence where rising concentrations of ultra-rich individuals, a maturing luxury real estate market, and world-class infrastructure that supports global lifestyles can be observed. Luxury Housing Delhi-NCR recorded a 209.4% spike in luxury home sales in the last one year. Nearly 3,960 homes priced at â¹6 crore and above were sold in just the first half of 2025, up over three times from 1,280 units last year, according to a new CBRE-ASSOCHAM report. Over half of the country's luxury transactions now flow through this region-an unmistakable sign of where wealth is choosing to settle. Gurugram and Noida lead this wave, with high-value launches dotting their micro-markets. What's driving this surge is the union of factors like rising disposable incomes of buyers along with the growing desire for larger and well-located homes owing to post-pandemic lifestyle upgrades. On top of that, the surge in HNIs and NRIs across India, particularly in and around the capital, is quietly but powerfully reshaping the contours of luxury housing. Looking at the bold yet considered choices of these buyers, developers are focusing more on transparency, experience, and high-end finishes, boosting buyer trust. Complementing this, RBI's pause on rate hikes has made home loans relatively more attractive, even in the luxury segment. Mohit Gawri, Vice President-Sales, RISE Infraventures says, 'Luxury housing demand is being shaped by a new psychology of permanence. Buyers aren't flipping properties-they're curating generational homes. The NCR's billionaire belt reflects this shift with high-end homes getting booked early. There's also strong NRI traction and domestic movement from metro cores to planned peripheries, showing that buyers are investing in homes that feel like sanctuaries and signal permanence.' Salil Kumar, Director, Marketing and Business Management, CRC Group says, 'A home is more than a personal landmark- it is a reflection of success. In the luxury segment, there is virtually no upper ceiling; from sprawling bungalows in posh locations like South Delhi to sky villas in Gurugram, high-net-worth individuals seek homes that match their ambition. But with supply tightening in legacy zones, buyers are exploring new luxury corridors across Noida-Greater Noida. These locations are the new epicentres of luxury demand, and the momentum here is only set to grow. At CRC, we've been mindful of this lifestyle shift, catering to buyers who view their home as both a retreat and a lasting legacy.' Besides, tier-II cities or second-home destinations like Sonipat, Kundli, and Chandigarh are witnessing a significant rise in demand within the luxury real estate segment. Buyers are increasingly drawn to locations that offer cleaner air, lush surroundings, and a peaceful lifestyle, which is not possible in fast-paced metro cities. Gurpal Singh Chawla, Managing Director, TREVOC Group, says, 'Luxury homebuyers prioritize space, privacy, and long-term value over just centrality. However, post-pandemic, they are more inclined towards locations that offer scenic value, rental potential, and a quality lifestyle. Against this backdrop, tier 2 locations like the Sonipat-Kundli belt are witnessing a quiet luxury surge, going beyond the title of Delhi spillover. Business owners, professionals, and legacy families from the capital are investing here for larger land parcels and less congestion, reflecting an appetite for locations with urban access and suburban tranquillity.' Umang Jindal, CEO, Homeland Group, says, 'Tier-2 cities are the next luxury frontier, especially among NRIs, industrialists, and second-home seekers. This shift is putting cities like Chandigarh at the forefront of high-end housing demand. With its planned infrastructure, cleaner environment, and cultural refinement, the region is a haven for expansive homes, wellness-centric communities, and a sense of balance. Thus, demand here isn't incidental-it's accelerating, making tier 2 locations India's most sought-after luxury housing destinations.' Moreover, on the sales and supply front, during April-June quarter housing sales in Delhi-NCR rose by 16% to more than 11,700 units on high demand for luxury homes and new launches, according to PropEquity. New supply was estimated at 13,823 units in the second quarter of this year, up 37% from 10,084 units in the year-ago period. Sanjay Sharma, Director, SKA, says, 'Gurugram continues to lead NCR's luxury housing evolution, driven by a clientele 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.' Therefore, as India's wealth landscape continues to expand, the term Billionaire Belt is evolving from a metaphor into a tangible force in the country's real estate story. This belt is no longer just about prime locations-it's about ecosystems that support legacy living, global connectivity, and lifestyle integration at the highest level.
ME Construction
6 days ago
- Business
- ME Construction
CRC Group unveils The PERIDONA in Greater Noida
Property CRC Group unveils The PERIDONA in Greater Noida By The PERIDONA marks CRC's entry into India's ultra-luxury residential space and embodies their ambition to set a new benchmark for premium living in the National Capital Region CRC Group has unveiled its ultra-luxury experiential residential development, The PERIDONA. Nestled within the Jaypee Greens Golf Course in Greater Noida, the project is being developed at a cost of US $180mn (excluding land costs). CRC said the move signifies its aspiration to elevate its portfolio into the ultra-premium segment. The PERIDONA project boasts an accomplished gamut of firms including Killa Design, known for its work on Dubai's Museum of the Future, and Rockwell Group, a New York-based interior design firm, which will bring its expertise to the project to create a luxurious ambiance, said a statement. Gensler Architects will ensure the project's architectural vision, while SWA Group, experts in sustainable landscape architecture, will contribute to the project's green features. Lastly, MACE, specialising in precision project management and execution, will oversee the project's execution, the statement added. Kunal Bhalla, Founder & CEO, CRC Group commented, 'The PERIDONA marks our strategic entry into India's ultra-luxury residential space. Supported by world-class design and architecture, this development reflects our clear ambition to set a new benchmark for premium living in the NCR. The project is envisioned to establish an international standard in luxury condominiums, with a strong focus on sustainable, high-quality living.' 'We have carefully selected best-in-class materials and curated exceptional amenities many being introduced in India for the first time to deliver a truly exalted lifestyle. The core philosophy driving the project is simple yet powerful: 'Live More', with abundant amenities that define a luxurious way of life,' he explained. Salil Kumar, Director (Marketing & Business Management), CRC Group remarked, 'This project is a testimony to our commitment to global standards. The PERIDONA also enjoys a distinct locational advantage with expansive green surroundings, enhancing both aesthetics and liveability. With just one apartment per floor, the project offers an unmatched level of privacy – an essential attribute in modern luxury living.' Construction is slated to commence next month. With the upcoming Noida International Airport, set to become the world's fourth-largest – just a 20-minute drive away, this proximity not only enhances the project's connectivity and prestige but also positions it as a high-potential asset for long-term value appreciation and strong return on investment, the firm concluded.
Time of India
19-07-2025
- Business
- Time of India
CRC group to invest Rs 1,500 crore in developing a luxury residential project in Greater Noida
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Realty developer CRC group will invest Rs 1,500 crore in developing a luxury residential project in Greater project is located within Jaypee Greens Golf Course in Greater Noida and will have a total built-up area of 3.1 million sq. ft., comprising 341 company has onboarded design and architecture consultants - Killa Design, New York-based Rockwell Group, Gensler Architects, SWA Group and MACE, a global firm specializing in project management and execution.'The Peridona marks our strategic entry into India's ultra-luxury residential space. The project is planned to establish an international standard in luxury condominiums, with a strong focus on sustainable, high-quality living,' said Kunal Bhalla, Founder & CEO, CRC project will have a club spread in 120,000 sq ft and will also feature Villa, duplex in addition to the apartments.'By integrating international design and delivery capabilities, we are creating not just residences, but legacy assets tailored for discerning investors and homeowners. With just one apartment per floor, the project offers privacy—an essential attribute inmodern luxury living,' said Salil Kumar, Director (Marketing & Business Management), CRC Group.
Business Wire
18-07-2025
- Business
- Business Wire
CRC Group Unveils Luxury Residential Greater Noida Project in Dubai
DUBAI, United Arab Emirates & NOIDA, India--(BUSINESS WIRE)--CRC Group, a leading player in North India's real estate sector, has unveiled its uber ultra-luxury experiential residential development, The PERIDONA, located within Jaypee Greens Golf Course in Greater Noida. With a development outlay of Rs15 billion (exclusive of land cost), the project signals CRC's strategic intent to elevate its portfolio into the ultra-premium segment. Spanning a total built-up area of 3.1 million sq. ft., the project will comprise 341 apartments. Unveiled during a marquee event in Dubai, The PERIDONA brings together an extraordinary lineup of design and architecture consultants: Killa Design, renowned for crafting Dubai's Museum of the Future; Rockwell Group, the New York-based interior visionaries behind one of Gurugram's most iconic luxury clubs; Gensler Architects, global leaders in progressive, future-ready architectural design; SWA Group, experts in sustainable landscape architecture; and MACE, a global firm specializing in precision project management and execution. Kunal Bhalla, Founder & CEO, CRC Group, commented, 'The PERIDONA marks our strategic entry into India's ultra-luxury residential space. Supported by world-class design and architecture, this development reflects our clear ambition to set a new benchmark for premium living in the NCR. The project is envisioned to establish an international standard in luxury condominiums, with a strong focus on sustainable, high-quality living. We have carefully selected best-in-class materials and curated exceptional amenities—many being introduced in India for the first time—to deliver a truly exalted lifestyle. The core philosophy driving the project is simple yet powerful: 'Live More,' with abundant amenities that define a luxurious way of life.' Salil Kumar, Director (Marketing & Business Management), CRC Group, said: 'This project is a testimony to our commitment to global standards. The PERIDONA also enjoys a distinct locational advantage with expansive green surroundings, enhancing both aesthetics and liveability. With just one apartment per floor, the project offers an unmatched level of privacy—an essential attribute in modern luxury living.' Construction is slated to commence next month. With the upcoming Noida International Airport—set to become the world's fourth-largest—just a 20-minute drive away, The PERIDONA enjoys a locational edge. This proximity not only enhances the project's connectivity and prestige but also positions it as a high-potential asset for long-term value appreciation and strong return on investment.
