Mumbai; 4th December 2024 Mphasis, (BSE:526299; NSE: MPHASIS), a leading Information Technology (IT) solutions provider specialising in cloud and cognitive services, today announced it is a recipient of a 2024 Geography and Global AWS Partner Award. The award recognizes global leaders that are playing key roles in helping their customers drive innovation and build solutions on Amazon Web Services (AWS). Mphasis has been named the winner of the Industry Partner of the Year – Travel and Hospitality (Global) award, recognizing its expertise in providing technology products and services to accelerate the modernisation and innovation journey of the travel and hospitality industry.

Announced during the Partner Awards Gala at AWS re:Invent 2024, the Geographic and Global AWS Partner Awards recognize a wide range of AWS Partners that have embraced specialisation, innovation, and cooperation over the past year. Geo and Global AWS Partner Awards recognize partners whose business models continue to evolve and thrive on AWS as they support their customers. Among its validated industry offerings with AWS, Mphasis leverages its Airline Data Platform as a primary catalyst for airline customers. Built on AWS native services, it offers on-demand access of data and ability to experiment with AI/ML through open data standards and customizable architecture.

“We are honored to be recognized as the Industry Partner of the Year – Travel and Hospitality (Global) by AWS. This award is a testament to our commitment to delivering innovative and impactful solutions that address the unique challenges of the travel and hospitality industry. By leveraging AWS’ robust cloud capabilities and our expertise in building personalized, data-driven platforms, we have been able to empower our clients to achieve enhanced traveler experiences and operational efficiencies. We look forward to continuing this strong collaboration with AWS to drive meaningful transformation across industries,” said Elango R, President – Enterprise 5, North Americas, Mphasis

The Geography and Global AWS Partner Awards included a self-nomination process across several award categories, awarded at both the geographic and global levels. All AWS Partners were invited to participate and submit a nomination. Award submissions were reviewed by a third-party, Canalys, and selected with special emphasis placed on customer success use cases.

In addition, several data-driven award categories were evaluated by a unique set of metrics that helped measure AWS Partners’ performance over the past year. Canalys audited the datasets used to ensure that all measurements and calculations were objective and accurate. Finalists represented the top three ranked AWS Partners across each category.

The AWS Partner Network (APN) is a global program focused on helping partners innovate, accelerate their journey to the cloud, and take full advantage of the breadth and depth of AWS.

Mohali, 4th December 2024: Get ready to experience the magic of Indian weddings like never before as CP67 Mall hosted “Wedding Fashion: A Festive Journey”, a three-day showcase of wedding celebrations, traditions and ethnic fashion trends.

CP67 Mall recreated a world of traditional revelries with the beauty of iconic wedding ceremonies. The Haldi Fashion on Day 1 featured cheerful mock Haldi celebrations against a backdrop of marigolds and rustic yellow décor. The Mehendi Fashion on Day 2 was all about intricate henna art, floral swings and lush green aesthetics. During the Wedding Fashion on Day 3, the mall transformed into a grand wedding venue with dazzling red and gold hues, showcasing stunning bridal collections and presenting a breathtaking ramp walk.

“More than just ceremonies, Indian weddings are a celebration of culture and community bonding. With Wedding Fashion, we have brought this vibrant spirit of everything grand, festive and dynamic to CP67 Mall for everyone to enjoy,” said Mr. Umang Jindal, CEO of Homeland Group, CP67 Mall. “Whether it’s the playful charm of Haldi, the delicate artistry of Mehendi or the grandeur of the wedding day, there was something for everyone to immerse themselves in at CP67.

Visitors participated in engaging activities, including live Mehendi art, mock rituals and contests for the best-dressed guests. Each day featured a ramp walk by models showcasing stunning ethnic wear designed to reflect the theme of the celebrations.

By: Rania Gule, Senior Market Analyst at XS.com

Gold prices saw a notable decline today, Tuesday, dropping below the $2,640 per ounce level, reflecting a sense of caution in the financial markets ahead of the upcoming U.S. employment data. In my opinion, this drop occurred despite gold remaining within its recent range-bound trading, confirming that traders are waiting for further signals from the Federal Reserve regarding the future of monetary policy, especially with the impending release of the U.S. Job Openings and Labor Turnover Survey (JOLTS), which could be a key indicator for understanding the central bank’s future direction.

The U.S. dollar is also gradually recovering from the pressure caused by recent statements from Federal Reserve policymakers, which have affected gold’s performance, as it typically has an inverse relationship with the dollar. The comments by Fed Governor Christopher Waller, indicating that monetary policy remains sufficiently restrictive, highlighted the possibility of a slower pace in interest rate cuts in the future, leading to mixed reactions in the markets. These statements reduced gold’s appeal as a haven, but at the same time, they suggested the likelihood of ongoing inflation pressures, a factor that supports gold prices in the long term.

From my perspective, global tensions continue to contribute to a decline in risk appetite among investors. In particular, the threat from U.S. President-elect Donald Trump to impose tariffs on BRICS nations has heightened concerns, with the U.S. dollar partially benefiting from its role as a haven. At the same time, these worries have hurt gold prices. On the other hand, concerns about a slowdown in the Chinese economy remain a key influencing factor, weakening confidence in global financial markets and pushing investors to adopt a cautious approach to their trades.

In my view, current indicators suggest further weakness for gold prices, as it is trading below the 21-day simple moving average at $2,641, indicating downward pressure on the price. Additionally, the daily Relative Strength Index (RSI) shows a bearish trend, suggesting a potential continuation of the decline in the short term. However, this situation could change quickly if the U.S. jobs data disappoints or if geopolitical tensions increase, which could push gold higher as a safe-haven asset.

With the Non-Farm Payroll (NFP) data approaching on Friday, the markets appear to be on alert. Expectations for an additional interest rate cut from the Federal Reserve are fueling hesitation among investors. With a 75% probability of a 25 basis point cut, it’s clear that the Fed’s dovish stance may benefit gold in the short term. The challenge lies in balancing these expectations with any signals the employment data might offer regarding the strength of the U.S. labour market.

I also believe that the ongoing geopolitical tensions, especially between Russia and Ukraine and in the Middle East, add another layer of uncertainty. If these conflicts escalate, they could push investors to increase their positions in gold as a haven, which may reflect the current upward trend. In my opinion, in this context, gold remains poised to benefit from any geopolitical escalation or weakness in the U.S. dollar.

Overall, the gold market presents a mix of influencing factors that make it difficult to determine a clear direction. While the wait for U.S. employment data and concerns over monetary policy are making investors cautious, geopolitical tensions and global economic concerns remain factors supporting the likelihood of gold turning upward soon. Under these circumstances, investors should carefully monitor key data, as its outcomes could significantly alter market trends and reshape price expectations.

Chandigarh, 4th December 2024 Amazon India has been recognized for its significant contributions to women’s health and hygiene by receiving the ‘Best Women Hygiene Initiative of the Year’ award at the Indian CSR Awards 2024. The award was presented by the esteemed member of Rajya Sabha, Ramdas Athawale.

This prestigious accolade underscores Amazon’s commitment to empowering women through impactful community initiatives. By fostering menstrual hygiene awareness, creating sustainable sanitary product manufacturing ecosystems, and providing local employment opportunities, Amazon has made a substantial difference in the lives of countless women across India.

“We are deeply honored to receive this recognition,” said Dr. Karuna Shankar Pande, Vice President – Last Mile Operations, Amazon India. “At Amazon India, we are dedicated to building initiatives that address critical health and hygiene needs, while also empowering women economically. Our community efforts are designed to be inclusive and focused on the upliftment of women in the communities we serve.”

Key Highlights of Amazon’s Women’s Empowerment Initiatives:

· Sustainable Sanitary Pad Manufacturing: Amazon has established state-of-the-art sanitary napkin manufacturing units in Hyderabad, Bangalore, Kolkata, and Chennai, creating direct employment for approximately 60 women and indirect employment for 200 more at each unit. These units produce affordable, eco-friendly sanitary pads, ensuring access to essential menstrual hygiene products for over 2,000 rural women and girls.

· Menstrual Hygiene Awareness: Through comprehensive community engagement programs, Amazon has reached over 25,000 women and 3,000 adolescent girls, promoting healthy menstrual practices and breaking down social taboos.

· Women’s Economic Empowerment: By collaborating with local governments and non-profits, Amazon has empowered women from lower-income groups through skill development programs in traditional crafts and other viable livelihoods.

Amazon India’s commitment to social responsibility is evident in its ongoing efforts to create a positive impact on the communities it serves. By addressing critical issues such as women’s health and economic empowerment, Amazon is shaping a brighter future for generations to come.

Chandigarh 4th December 2024: In a landmark development, the National Council for Vocational Education and Training (NCVET), Ministry of Skill Development & Entrepreneurship (MSDE), Government of India, has officially recognized the Indian National Space Promotion and Authorization Center (IN-SPACe) as an Awarding Body (Dual). The agreement, aimed at strengthening the vocational education and training landscape in the space sector, was signed in the presence of Shri Atul Kumar Tiwari, Secretary, MSDE and Chairperson, NCVET.

NCVET, serving as the national regulator for vocational education and training, plays a vital role in setting standards, developing regulations, and improving the quality and outcomes of skilling initiatives across the country. NCVET is responsible for the recognition and regulation of awarding bodies and assessment agencies that are instrumental in developing a highly skilled workforce to meet industry demands.

The Indian National Space Promotion and Authorization Center (IN-SPACe) operates as an autonomous agency under the Department of Space (DOS), dedicated to promoting and enabling various space activities, including the development of launch vehicles and satellites, and space-based services. IN-SPACe’s recognition as an awarding body will help standardize and accredit its specialized training programs, aligning them with national and global frameworks, and facilitating greater integration with key national initiatives like Skill India Mission.

This collaboration will enable IN-SPACe to deliver cutting-edge training in areas such as Satellite Manufacturing, Space Technology in Agriculture, Mission Design for Launch Vehicles, Orbital Mechanics, and Advances in Space Propulsion Systems. NCVET has already approved the following six National Occupational Standards (NoS) submitted by IN-SPACe:

1. Essentials of Space Technology in Agriculture Sector
2. Fundamentals of Orbital Mechanics, Attitude Dynamics, and Space-Based Navigation
3. Foundations of Mission Design and Avionics Development for Launch Vehicles
4. Essentials of Satellite Manufacturing
5. Essentials of Space Data Products and Services
6. Introduction to Advances in Propulsion Systems for Launch Vehicles, Satellites, and Landing Missions

Shri Atul Kumar Tiwari, Secretary, MSDE and Chairperson, NCVET, emphasized the growing need for a skilled workforce in India’s space sector. “As India continues to expand its space exploration capabilities and integrate emerging technologies, it is crucial to cultivate a highly skilled talent pool. With the increasing participation of the private sector in space ventures, it is more important than ever to ensure that our workforce meets international standards, driving innovation and maintaining global competitiveness,” he said.

Further supporting this vision, Shri Tiwari also highlighted the Ministry of Skill Development and Entrepreneurship’s Memorandum of Understanding (MoU) with the Indian Space Research Organisation (ISRO). Under this MoU, the ISRO Technical Training Program was launched at National Skill Training Institutes (NSTIs) in Bengaluru, Mumbai, and Trivandrum. The program aims to upskill over 4,000 technical employees from the Department of Space (ISRO).

Dr. Vinod Kumar, Director of the Promotion Directorate at IN-SPACe, represented the organization during the signing of the agreement. He expressed his enthusiasm about the recognition, stating, “This recognition marks a significant milestone in our efforts to build a skilled workforce for India’s growing space sector. By aligning our training programs with the demands of the space industry, we aim to equip learners with the necessary knowledge and hands-on expertise to support the nation’s ambitious space endeavors and compete globally.”

This collaboration between NCVET and IN-SPACe is a critical step toward advancing India’s space sector, ensuring that the nation’s workforce is well-equipped to meet the challenges of the future.

Chandigarh, 4th December, 2024: Godrej DEI Lab, the diversity and inclusion arm of Godrej Industries Group, and Khaitan & Co, a leading full-service law firm today commemorated International Day of Person with Disabilities. The second edition of the Khaitan & Co’s Handbook on Rights of Persons with Disabilities, in collaboration with Godrej DEI Lab was unveiled at their Disability Inclusion Summit in Mumbai. The comprehensive handbook serves as a ready reckoner for understanding the evolution of Indian jurisprudence on disability rights framework.

“This event represents a crucial milestone in our ongoing commitment to workplace inclusion,” said Parmesh Shahani, Head of Godrej DEI Lab. “By bringing together diverse stakeholders and experts, in sync with Godrej Industries Group’s objective, we’re actively building the framework for a more equitable corporate India. I am confident that the handbook will help organisations transform their approach to PwD inclusion from compliance-based to purpose-driven.”

Speaking about the importance of workplace inclusion, Aakash Choubey, Partner, Khaitan & Co said, “Creating an inclusive workplace for persons with disabilities is not just a legal obligation but an imperative for organisations. Impactful strategies such as accessible infrastructure, tailored accommodations and inclusive hiring practices can foster a culture where everyone feels valued and empowered. As we commemorate the International Day of Persons with Disabilities, we must recognise that inclusivity enriches our workplaces and society at large.”

The Handbook on Rights of Persons with Disabilities covers two crucial legislations – Rights of Persons with Disabilities Act, 2016, and the Mental Healthcare Act, 2017, offering insights into beneficiaries, entitlements, and remedies. It also provides legal guidance on fundamental rights, legal capacity, education, employment, healthcare, transport and mental health. Beyond legal analysis, the handbook outlines best practices for organisations, particularly private employers, to ensure equitable representation of persons with disabilities, thereby fostering inclusive workplaces.

Post the success of Godrej DEI Lab’s first edition of ‘PwD Inclusion in Workplaces: Strategies for Success’ last year, the group this year collaborated with Khaitan & Co and brought together corporate leaders, HR professionals, and disability rights advocates to foster meaningful dialogue on creating inclusive workplaces across India.

The Disability Inclusion Summit also witnessed a panel discussion on actionable strategies for enhancing workplace inclusivity for persons with disabilities. Moderated by Aakash Choubey, Partner, Khaitan & Co, it featured former National Paralympic swimming champion, Madhavi Latha; Ananya Sharma, JSW Group’s General Counsel; Aradhana Lal, Senior Vice President for Sustainability & ESG, Lemon Tree Hotels, Arva Merchant, Partner, Khaitan & Co; and Zoya, DEI Lead, Godrej Properties Limited.

The initiative is another step under Godrej DEI Lab’s commitment to driving tangible change in corporate India’s approach to diversity and inclusion, particularly in advancing opportunities for persons with disabilities in the workplace.

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By Abhishek Tharwani, Director of Tharwani Realty

Commercial property is an excellent alternative investment for those who seek more than just the potential return on investment. Compared to conventional investments in residential property or equities, commercial property offers a powerful combination of greater rental yields, stability, and long-term appreciation that makes it the perfect complement to any type of investment portfolio. This article goes into great depth on what makes commercial real estate so fantastic an investment for investors who look for ROI.

The reason to invest in commercial real estate is much greater returns in rental income. The returns from renting out a residential building tend to average at 3.5%, whereas that of an office space, retail stores, and an industrial warehouse tend to provide returns averaging 6-7% or more in specific locations. They hence provide a great source of steady and meaningful cash flow. In addition, commercial space leasing companies typically enter into longer leases of five to nine years or more. This will provide steady rental income and will also prevent the risk of having too many tenant turnovers.

Another very important factor that draws so many investors to commercial real estate is its appreciation potential. Prime commercial properties in cities that are going through high prosperity and are growing into major business centers will dramatically appreciate over time because of the increased demand for better offices and retail outlets. Appreciation potential in infrastructure-related improvements, new transit links, and emerging commercial areas continues to create long-term riches for investors. Another major plus is the lower possibility of default tenants in commercial properties than residential. Commercial tenants, as businesses, usually sign up into longer and more extensive leases, which makes less chances of defaulting tenants. That is why this investment suits investors who are interested in steady income flows.

Commercial real estate is a very effective investment; besides the income returns, investors also benefit from the following tax benefits. It saves the interest paid against loans, depreciation of properties, and maintenance and management charges. These reduce lower tax liabilities and increase profitability.

For investors who will like to test commercial real estate as an additional flow of investments, the 2025 new year opens bright prospects. Demand for better quality office space, retail developments, and industrial assets will be only at a higher stage as the economy continues to recover with companies expanding their footprints. Government policies in favor of urban development and infrastructure advancement such as metro expansions and smart city plans are expected to appreciate commercial real estate properties to a great deal. Even more encouraging is that the sector is to grow at 13.5% CAGR from 2023 to 2028. Much of this growth comes from strong demand for retail stores, office space, and warehouses. The Grade A office space absorption was more than 40 million square feet, and this is to increase further in 2025, primarily in Tier-II hubs and metro cities. The asset class is going to provide stability along with excellent returns for investors as REITs increase in popularity, and interest rates stabilize. This is also reflected in the 15% annual growth in sales during the holiday season 2024 that does show confidence in markets has been re-established. It will continue up to well into 2025 in order to get corporate business confidence and therefore to offer tremendous opportunities to buy outstanding real estate.

Apart from this, the market remains as an investment hotbed since there is a highly demanding market for it. On the demand side, the city and semi-urban areas have started to have a spiking demand of commercial space from e-commerce, rapid urbanization, and scaling of startups and small entrepreneurs. This also ensures continuous stable returns in well-planned strategic locations and commercial properties. For starters, commercial properties rank unrivaled in stability, profit-yield, and growth irrespective of the level of experience anyone may have in investment, or their level of acquaintance with the market. Should the right methodology and an understanding of the market factors be applied correctly, such an asset class can perhaps be a golden ingredient to a profitable plan.

The country’s financial capital Mumbai (area under Brihanmumbai Municipal Corporation) witnessed a 5% increase in property registrations in November 2024, with 10,216 units registered, compared to 9,736 units during the same month last year, as per data from Knight Frank India. This growth reflects sustained demand in the housing market despite a month-on-month decline from October’s robust performance, when 12,960 units were registered. Stamp duty collections saw a significant 30% rise in November 2024 compared to November 2023, indicating a preference for higher-value properties.

According to Knight Frank India, the dip in the number of properties registered in November compared to October may reflect a market pause following October’s robust performance further catalysed by elections in the state.

Demand for higher-valued properties saw a significant increase, with properties priced at ₹2 crore and above making up 23% of registrations in November 2024, up from 17% the previous year. Transactions in this segment totalled to 2,147 properties. Meanwhile, the share of properties valued at less than ₹50 lakh dropped sharply, falling from 28% in November 2023 to 20% in November 2024, Knight Frank India said in its analysis.

Here is what real estate industry leaders have to say on the registrations numbers in November 2024:

Mr. Prashant Sharma, President, NAREDCO Maharashtra

“The 5% year-on-year growth in property registrations and the sharp rise in stamp duty collections reflect the resilience of Mumbai’s real estate market. The increase in demand for properties priced at ₹2 crore and above showcases the strengthening of the premium segment, driven by evolving buyer preferences and rising aspirations. This trend reinforces the importance of creating a conducive environment for real estate investments, especially in high-value housing, through supportive policies and infrastructure development.”

Mr. Anil Mutha, Chief Visionary & Co-Founder, Nandivardhan Group

“The November registration data points to a clear shift in buyer sentiment towards higher-value homes, a trend that aligns with the evolving demographics of Mumbai’s urban populace. The surge in demand for properties priced at ₹2 crore and above indicates a growing preference for high-quality, well-located homes among affluent buyers, aligning with Mumbai’s status as a global financial hub. We have observed a similar shift in our projects, with discerning buyers seeking premium offerings that promise value, lifestyle enhancement, and long-term appreciation. As a stakeholder in Mumbai’s real estate landscape, we remain committed to addressing these dynamic market demands and contributing to the city’s robust housing ecosystem through thoughtful, future-ready developments.”

Mr. Rohan Khatau, Director, CCI Projects

“The shift in registrations towards properties priced at ₹2 crore and above indicates a robust appetite for quality housing among homebuyers. This aligns with our vision of delivering projects that offer high value and cater to aspirational buyers. While the decline in affordable housing registrations is concerning, it highlights the need for continuous efforts to address affordability and expand housing access.”

Ms. Shraddha Kedia-Agarwal – Director, Transcon Developers

“The surge in demand for high-value properties illustrates the market’s growing confidence and aspirations. We are committed to delivering projects that align with these emerging trends, ensuring a blend of luxury and sustainability. This data also underscores the importance of maintaining momentum through strategic initiatives and customer-centric solutions.”

Mr. Samyak Jain – Director, Siddha Group

“The year-on-year growth in registrations and significant demand in the luxury segment are encouraging signs for Mumbai’s real estate market. We see this as a validation of our efforts to deliver high-quality homes that meet the aspirations of today’s buyers. The decline in the affordable segment, however, calls for renewed focus on addressing housing affordability in the city.”

Mr. Govind Krishnan Muthukumar, Managing Director & Co-founder of Tridhaatu Realty

“The data reflects the market’s inherent strength and adaptability. The rise in stamp duty collections despite a slight dip in registrations compared to October underscores the demand for higher-value transactions. As developers, we should aim to create projects that resonate with buyers’ needs while contributing to the city’s sustainable development.”

Mr. Vedanshu Kedia, Director, Prescon Group

“The robust demand in the premium housing segment signifies a maturity in the market where homebuyers prioritize value over price. We believe this trend is an opportunity to innovate and offer premium lifestyle solutions that cater to discerning buyers. The government’s initiatives to boost real estate growth and infrastructure are vital to sustaining this upward trajectory.”

Mr. Abhishek Jain – COO, Satellite Developers Private Limited (SDPL)

“The real estate market in Mumbai continues to evolve with an increasing tilt toward premium properties. This indicates a positive sentiment among buyers, particularly in the post-pandemic era, as they seek homes that meet their enhanced lifestyle needs. We will remain focused on meeting this demand through projects that redefine quality and customer satisfaction.”

The luxury housing market in India is witnessing a remarkable surge, driven by a growing preference for exclusivity, enhanced lifestyles, and premium living spaces. Despite global economic uncertainties, the demand for high-end properties in India has shown resilience, underscoring the confidence of affluent buyers in the long-term value of premium real estate.

A Market on the Rise

Recent data from CREDAI-MCHI reveals an 18% increase in total sales value across India’s top seven property markets, amounting to ₹279,309 crore in the first half of FY 2024-25. Notably, this growth comes despite a 3% dip in the number of units sold, highlighting a clear shift in consumer preference toward luxury homes. The average price per home has risen sharply to ₹1.23 crore, compared to ₹1 crore during the same period last year.

Cities like Mumbai, Delhi-NCR, and Bengaluru have emerged as frontrunners in this segment. Mumbai Metropolitan Region (MMR) maintained its leadership in premium property sales, with a stable average ticket size of Rs 1.47 crore and a 2% growth in sales value to Rs 114,529 crore, followed by Delhi-NCR and Bengaluru. Other cities like Hyderabad, Chennai, Pune, and Kolkata also registered substantial increases in average ticket sizes, showcasing the nationwide demand for premium housing.

Luxury Housing: A Lifestyle Statement

The surge in demand for luxury housing is more than just a trend; it reflects the evolving aspirations of homebuyers seeking to elevate their lifestyles. According to a report titled India Market Monitor Q3 2024 – Residential by CBRE South Asia Pvt. Ltd, sales of luxury units priced above ₹4 crore rose by 37.8% YoY during Jan-Sep 2024. In terms of quantum luxury residential unit sales, Delhi-NCR topped with sales of around 5,855 units, a 72% Y-o-Y increase, followed by Mumbai at around 3,820 units, recording 18% Y-o-Y growth, the CBRE report noted.

“The luxury housing market in India is evolving beyond just offering homes; it’s about curating an unparalleled lifestyle that resonates with the aspirations of discerning buyers. The steady rise in demand for luxury housing underscores the growing preference for quality, exclusivity, and convenience among homeowners. This trend not only reflects an upward trajectory in buyer aspirations but also a robust confidence in premium real estate as a valuable and long-term investment,” said Mr. Nishant Deshmukh, Founder and Managing Partner of Sugee Group. “At Sugee Group, we recognize this shift and are committed to blending modern architectural excellence with thoughtful amenities to craft bespoke living experiences through our premium developments such as Sugee Sea Krest and Marina Bay in Worli, in South Mumbai. We aim to create spaces that resonate with the evolving preferences of our clientele, delivering not just homes but experiences that epitomize sophistication and style.”

New Horizons in Luxury Living

Developers are increasingly catering to this shift in buyer preferences by introducing unique, high-end projects. Data from Anarock suggests that holiday homes, farmhouses and villas have seen a rise in demand, particularly among buyers seeking spacious properties that can accommodate remote work setups and long-term investments. Approximately 25% of luxury buyers are investing in holiday homes, while 20% prefer farmhouses.

Speaking about this trend, Mr. Vikas Sutaria, Founder of Iraah Lifespaces, stated, “We believe luxury is not just owning a premium property but about curating an experience that elevates one’s lifestyle. The growing demand in India’s luxury housing market reflects a shift in consumer aspirations, with homebuyers seeking more than just a home. They are seeking an integrated lifestyle that blends comfort, sophistication, and exclusivity. As premium realty players, it’s our responsibility to offer not just beautiful designs, but spaces that embody tranquility, well-being, and status. Our recently launched collection of bespoke ultra-luxury villas in Alibaug and Lonavala caters to this evolving mindset, offering unparalleled craftsmanship and a distinctive living experience.”

Mumbai: The Hub of Ultra-Luxury Real Estate

A report by Anarock showed that of the 25 ultra-luxury properties sold across the top cities in 2024 so far, Mumbai alone sold 21 units collectively worth ₹2,200 crore – an 84% share of the total deals in this segment across the top cities.

Looking ahead, the luxury housing market is poised for sustained growth, fueled by a robust demand from NRIs, HNIs, and affluent domestic buyers. Developers are responding with innovative projects that not only meet but exceed buyer expectations.

As Mr. Anil Mutha, Chief Visionary and Co-Founder of Nandivardhan Group aptly put it, “The rise in luxury housing in South Mumbai signifies a transformation in buyer aspirations, where opulence seamlessly blends with heritage and modernity. Our latest offering in Dadar, South Central Mumbai is set to redefine family living by combining contemporary design with the timeless charm of the area’s iconic architecture. With cutting-edge amenities and a strong focus on sustainability, we cater to the discerning tastes of today’s elite residents. As the real estate market continues to evolve, our homes reflect the aspirations of those who seek a lifestyle of luxury, comfort, and connection to the city’s rich cultural legacy.”

Speaking on the evolving luxury housing market, Mr. Umesh Jandial, Chief Business Officer, Omkar Realtors & Developers remarked, “The growing demand for luxury homes reflects a significant transformation in consumer behavior, driven by a preference for quality and exclusivity. This surge in interest highlights how homebuyers today are willing to invest in homes that redefine living experiences, offering bespoke amenities and a sense of community. In a competitive market like Mumbai, we have always stood for delivering exceptional value through our premium offerings such as Omkar Alta Monte at Malad.”

“Luxury housing in India is no longer confined to the idea of owning a premium property; it is a gateway to an elevated lifestyle. We see a strong and consistent demand for high-quality homes that blend modern design with functionality and exclusivity. With a focus on location, innovative design, and world-class amenities, we aim to redefine urban living while ensuring enduring value for buyers through our luxury projects. Our flagship projects in Mumbai and Goa embody this ethos, creating spaces that resonate with the aspirations of the modern homebuyer,” said Mr. Vedanshu Kedia, Director, Prescon Group

The luxury housing market in India is no longer just about homes—it’s about crafting lifestyles, experiences, and legacies. As the segment continues to evolve, it remains a lucrative and aspirational investment avenue, setting new benchmarks in real estate.

The National Capital Region (NCR) is undergoing a dynamic shift in its real estate landscape, with Dwarka Expressway emerging as one of the most attractive micro-markets. This surge in demand is largely driven by extensive infrastructure developments, including expanded road networks, improved internal infrastructure, and a planned metro link that will enhance connectivity further. The expressway saw a remarkable 30% rise in the average price of new property launches between July 2023 and July 2024.

Data from property consulting firm Anarock shows the evolution of Delhi-NCR’s real estate market over the past five years, positioning Gurugram as a prime investment hub. Key areas like Dwarka Expressway and Sohna Road are leading this growth, attracting both investors and end-users due to improved connectivity and strong infrastructure support. Dwarka Expressway ranks fourth in price appreciation among NCR’s top micro-markets, and eighth in housing supply, with 20,250 units launched between 2019 and mid-2024. Notably, Sector 37D along Dwarka Expressway has been the focus of significant infrastructure improvements, including new road projects and upgrades in internal roads, water supply, and sewage systems.

In response to the growing demand in this vibrant micro-market Signature Global launched its DE LUXE-DXP project along the Dwarka Expressway corridor in March 2024. This premium housing project achieved record-breaking pre-sales of Rs 3,600 crore within few days of its launch. Expanding on its commitment to high-quality construction, Signature Global awarded a construction contract worth Rs 1,144 crore to Ahluwalia Contracts for DE LUXE-DXP recently. Spanning 16.65 acres in Sector 37D, this project will feature 1,008 units, complemented by amenities like clubhouses, swimming pools, and high-street retail spaces.

Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., shared his vision for the future, saying, “Dwarka Expressway is a strategic micro-market for Signature Global, aligning with our focus on prime locations that deliver long-term value. With upcoming metro connectivity and extensive infrastructure upgrades in Sector 37D, we believe this corridor will set the benchmark for modern living in NCR. Our premium project DE LUXE-DXP reflects our commitment to this market, where we aim to create enduring value by blending superior quality with sustainable practices. By remaining focused on key micro-markets like Dwarka Expressway, we are well positioned to meet the evolving demands of our customers with offering innovation and excellence in our forthcoming projects”