The reason behind the continuous launch of luxury projects in real estate is their rapidly increasing demand. In this quarter, compared to the previous quarter, the number of people wanting to go beyond luxury and buy ultra-luxury properties has almost doubled. Among these, the number of people who want to buy property worth more than Rs 1 crore is more than 25 percent.

Increased interest in the Rs 3.5 to Rs 5 crore segment
Many new and surprising things have come to light in the recent survey. After a survey conducted in 13 major cities, it has been revealed in the report that the number of buyers for luxury real estate has increased rapidly. The survey report states that 25.5 percent of potential buyers are looking for property worth more than Rs 1 crore and are planning to buy it. In this too, the highest interest is being seen in the segment of Rs 3.5 to Rs 5 crore.

The number of people wanting ultra luxury property has doubled
There has been a rapid increase in interest in luxury and ultra-luxury properties, especially flats and villas. About 35 percent of the people surveyed talked about buying ultra-luxury properties. This number has almost doubled from the 18 percent recorded in the previous quarter. Due to this growing desire among people, the real estate sector is currently launching projects of ultra-luxury flats and villas.

The demand for 3BHK is on peak
The survey also revealed that people have become more interested in bigger spaces and more open spaces. More than 45 percent of the people surveyed want their home to be larger than 2000 square feet and they are also looking for such a property.

Along with this, 56 percent of the people want to buy a 3BHK or bigger property. In such a situation, it is certain that the projects that will be launched in the real estate market will be large in size and will also be full of facilities.