Luxury housing sales surge ahead of capital gains cap deadline

The share of the luxury housing segment in the total sale of residential units in the top cities of the country has surged, according to realty consultancy ANAROCK Research report. Out of the total 3.65 lakh units sold across the top seven cities in 2022, 18 percent were in the luxury category priced more than Rs 1.5 crore, the report said.

The MMR, NCR, and Hyderabad have led luxury homes sales in 2022 with nearly 50,100 units sold in these three cities altogether.

Recently, Inspector General of Registration, Maharashtra also revealed that the revenue collections from property registrations in Mumbai rose to Rs 1,102 crore in February 2023, registering 79 percent jump against last year.