Study indicates that premium property market is growing in top 8 cities
Chennai, Tamil Nadu, India, Tuesday, February 05, 2013 — (Business Wire India) — A study undertaken on the Luxury Housing market in India by Sulekha.com, India’s leading digital marketplace for local needs, has revealed the following interesting trends. The study indicates that the luxury housing market in India is clearly on the upswing. Chennai has recorded the maximum number of searches online for luxury properties above Rs. 1 crore. Chennai is followed by Delhi-NCR and Bangalore in the volume of online search for premium properties.
This study is based on the number of visits and searches that landed on Sulekha.com Property (property.sulekha.com), Sulekha.com’s dedicated site for all Property needs, through 2011 and 2012. The study also takes into consideration trends in premium property listings on Sulekha.com in the last two years. The analysis only covers properties priced between Rs. 1 and 15 crore across the 8 cities of Delhi, Mumbai, Chennai, Bangalore, Kolkata, Hyderabad, Pune and Ahmedabad. The study includes various types of premium properties: apartments/flats, independent floors, row houses, individual houses, plots, villas and farmlands.
Key findings of the market study:
Going by searches for premium property:
In terms of premium property listings:
Interesting to note – Places to look for properties in the range of Rs. 1-6 crore:
Annexure: The complete report on Luxury Housing Market in India
About Sulekha.com:
Sulekha.com is India’s leading ‘Digital Marketplace’, a need-based site with a strong focus on LOCAL NEEDS on the Home, Business and Entertainment fronts.
Sulekha.com started in India as a classifieds & local search player in 2006 and today has a diverse set of offerings – Classifieds, Yellow Pages, Local Search, E-commerce, Blogging and much more. As per the latest comScore ranking, Sulekha.com is the fifth largest Indian Internet site (in terms of visitors). Sulekha.com recently won the award for the Best Multi-Utility Website at IAMAI’s annual India Digital Awards (2011).
Sulekha has 14 offices across India (including Delhi, Mumbai, Pune, Ahmedabad, Hyderabad, Bengaluru, Kolkata and Chennai) and 3 offices in New York, Toronto and Austin. The corporate office is in Chennai and the company has more than 1,300 employees across India. Sulekha has 1,00,000+ businesses listed and offers services across 50+ cities. Please visit www.sulekha.com.
To view the Complete Report, please click on the link given below:
Luxury Housing Market in India
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Market_Study-Luxury_Housing_Market_in_India1.pdf
Market_Study-Luxury_Housing_Market_in_India1.pdf
CONTACT DETAILS
Geetha Raj, Sulekha.com, geetharajc@sulekha.net
Divya Jagan, Sulekha.com, DivyaJ@sulekha.net
Nikhila Kesavan, Brandmap Communications, +91 9840124036, nikhila.kesavan@brandmap.in
Divya Singh, Brandmap Communications, +91 9789882403, divya.singh@brandmap.in
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