Chart Beat: Share of luxury homes is rising
- The average price of houses purchased is over 50% higher than it was pre-covid, according to an analyst at Jefferies India
Since the pandemic, India has seen a K-shaped recovery in many sectors. One of these is the residential real estate sector, where sales of premium or luxury housing have been on the rise. “Our analysis of the Propequity data shows that the average price of houses purchased is more than 50% higher than it was pre-covid. The share of premium and luxury housing has risen to about 75% year-to-date in FY24 versus 60% in FY20," Abhinav Sinha, an analyst at Jefferies India, wrote in a report on 26 November.