India's luxury residential sales records 1.5 times on-year growth, tops Rs 4,319 cr in 2023

The luxury property market in India experienced significant growth in 2023, with sales value of homes priced at Rs 50 crore and above reaching Rs 4,319 crore, a notable increase from the previous year. Mumbai led in transactions, reflecting a trend towards opulent living spaces. Analysts predict continued growth in luxury residential transactions.
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