‘Buying a house will never go out of fashion; it will always be there,’ said Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, while highlighting the enduring appeal of housing demand in the real estate market during the company's investors' call held recently. Reacting to a question on residential demand in the luxury and mass-market segments, Oberoi said, "I feel that we are agnostic to demand as such because buying a house is not going out of fashion. It will always be there.
There may be high demand or moderate demand. But when you are a good brand and make a good product, at that time, you always..
.people gravitate towards quality,'' Oberoi said. He also said that Oberoi Realty plans to launch a mall in Mumbai's Borivali in mid-February or early March.
The company is also preparing for its first launch in the Gurugram real estate market. Luxury housing demand in the Mumbai real estate market Mumbai’s residential real estate market saw an 11% increase in housing sales in 2024, especially luxury homes in the ₹ 5 to ₹ 10 crore price range and ₹ 20 to ₹ 50 crore segment, according to a report by Knight Frank India. Also Read: Here's why high-net-worth individuals may be selling their properties in Mumbai’s real estate market Overall, 96,187 housing units were sold in 2024, surging to 11% compared to 86,871 units in 2023.
The Knight Frank India report noted that launches mirrored the sales trends and luxury housing demand, with developers focusing.
