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Luxury Housing in NCR – It seems like there’s a new trend in the National Capital Region (NCR), and it’s all about living life king-size. The real estate market in the NCR is buzzing with activity, and the spotlight is shining brightly on luxury homes. More and more homebuyers are choosing to invest in high-end properties, and it’s not just about a fancy address; it’s about a complete lifestyle upgrade.

What’s Driving the Demand for Luxury Housing?

So, what’s behind this shift towards luxury? It’s a mix of things, really. For starters, the number of high-net-worth individuals (HNWIs) in the region is on the rise. These are people with a good amount of disposable income who are looking for homes that offer more than just a place to sleep. They want comfort, exclusivity, and a space that reflects their success.

Another big factor is the incredible infrastructure development happening across the NCR. Think of the new Dwarka Expressway, the Yamuna Expressway, and the upcoming Jewar Airport. These massive projects are making it easier than ever to travel within the region and beyond. As a result, areas like Gurugram, Noida, and South Delhi are becoming even more attractive for real estate investment.

A Home That’s More Than Just a Home

The pandemic has also played a role in changing what people look for in a home. After spending so much time indoors, many of us have realized the importance of having a spacious and comfortable living environment. Today’s homebuyers want homes with extra rooms for a home office or a gym, open green spaces, and modern amenities that cater to a holistic lifestyle.

Developers are paying close attention to these changing preferences. They are launching new projects that are designed to offer a complete living experience, with features like private gardens, swimming pools, clubhouses, and top-notch security. These aren’t just apartments or villas; they are personal sanctuaries where families can thrive.

Where is the Action Happening?

Gurugram, especially along the Golf Course Road and the Dwarka Expressway, has emerged as a major hub for luxury housing. Noida is not far behind, with many new and exciting projects coming up. Even South Delhi, with its classic charm, is seeing a renewed interest in high-end properties.

In a nutshell, the luxury housing market in the NCR is not just a trend; it’s a reflection of a new way of living. It’s about a desire for a better quality of life, a home that’s a perfect blend of comfort and style, and an investment that promises great returns. As the NCR continues to grow and develop, the demand for luxury homes is only set to increase.

Source: News18

Gurgaon‑based Elan Group has secured a ₹250 crore financing deal from Piramal Finance, aimed at fast‑tracking the development of a new commercial project spanning over 1 million sq ft in the city .

This financing builds on the group’s strong recent funding record:

• ₹1,200 crore from Kotak Real Estate Fund last year
• ₹900 crore (USD 110 million) from global firm PAG back in 2022

Industry sources suggest CBRE acted as the financial advisor on this transaction. The fresh infusion will help accelerate timelines across Elan’s expansive portfolio of 15 projects, which includes residential, retail, commercial, and hospitality developments totalling around 25 million sq ft across Gurgaon and Delhi.

Moreover, Elan recently awarded construction contracts worth a combined ₹2,000 crore to Leighton Asia for two flagship developments:

• Elan Imperial, its premium commercial tower in Sector 82, Gurgaon
• Elan The Presidential, a luxury residential complex on the Dwarka Expressway

The group’s expansion into luxury housing began with the launch of Elan The Presidential in 2022 .

What This Means for You (Elan Group):

• Boosted development momentum: With seasoned funders like Piramal, Kotak, and PAG backing its projects, Elan is well-positioned to deliver high-quality spaces faster.
• Commercial real estate on the rise: The injection underscores continued investor confidence in Gurgaon’s commercial property landscape.
• Scale & diversification: Elan’s portfolio now stretches across multiple segments and geographies—putting it among the region’s most diversified developers.

Source : – Realty ET

Deepinder Goyal, the founder and CEO of food delivery giant Zomato, has made a significant real estate investment, acquiring a luxurious apartment in Gurugram’s highly sought-after ‘The Camellias’ by DLF. The sprawling residence, located on the coveted Golf Course Road in DLF phase-5, was purchased for ₹52.3 crore.

Documents show that the deal for the 10,813 square-foot super built-up area apartment was finalized in August 2022 and officially registered in March of this year. This acquisition places Goyal among the elite residents of one of India’s most prestigious addresses, known for its opulent amenities and premium lifestyle offerings.

The purchase highlights a broader trend of soaring property values in Gurugram’s luxury real estate market. Market experts estimate that the current value of Goyal’s apartment has already appreciated significantly, now commanding a price between ₹125 crore and ₹150 crore. This sharp increase reflects the robust demand and escalating prices for high-end properties in the region, solidifying The Camellias’ reputation as a prime investment for high-net-worth individuals.

Source :- Reality ET

Elan Group, a prominent Gurgaon-based developer, has recently secured a substantial ₹250 crore in funding from Piramal Finance. This significant investment is earmarked for the construction of a new commercial project in the bustling city of Gurgaon, set to span over an impressive one million square feet. This latest financial injection underscores the confidence investors have in Elan Group’s vision and the robust potential of the Gurgaon real estate market.

Strategic Financial Backing

This isn’t the first time Elan Group has attracted considerable investment. The current construction finance deal with Piramal Finance follows a substantial ₹1,200 crore funding secured from Kotak Real Estate Fund just last year. Furthermore, in 2022, the group successfully raised $110 million (equivalent to approximately ₹900 crore) from PAG, a leading global alternative investment firm. These successive rounds of funding highlight Elan Group’s strategic approach to financial management, ensuring robust capital for its ambitious projects. The company’s primary objective with these funds is to fast-track its diverse projects across the region, bringing them to completion more efficiently and rapidly.

Expanding Project Portfolio – Elan Group

Beyond financial milestones, Elan Group has also been active on the development front. The company recently awarded two major construction contracts, collectively valued at a remarkable ₹2,000 crore, to Leighton Asia. These contracts are specifically for two of their highly anticipated projects: Elan The Presidential, a luxury residential development located in Sector 106, Dwarka Expressway, and Elan Imperial, a new luxury commercial project situated in Sector 82, Gurgaon. These projects underscore Elan Group’s commitment to delivering high-quality, aspirational spaces in both the residential and commercial segments.

Elan Group’s comprehensive portfolio currently boasts 15 projects, strategically spread across the residential, retail, commercial, and hospitality sectors. These developments are concentrated in key locations such as Gurgaon and New Delhi, collectively offering an expansive 25 million square feet of built-up area. This diverse portfolio positions Elan Group as a multifaceted player in the real estate market. In a notable strategic move in 2022, the group also ventured into the exclusive luxury residential segment with the successful launch of Elan The Presidential, marking a new chapter in their growth story.

Positive Market Trends

Elan Group’s recent successes are set against a backdrop of a thriving Indian real estate market. According to Savills India, a globally recognized real estate consulting firm, private equity investment inflows into the Indian real estate sector experienced a significant surge in the first half of 2025. These inflows reached an impressive $2.4 billion (approximately ₹20,000 crore), marking a substantial 38% year-on-year increase. This robust growth in investment signals a strong and optimistic outlook for the real estate sector in India, further supporting Elan Group’s expansion and development initiatives.

The sustained investment and development activities by companies like Elan Group are crucial indicators of a dynamic and growing real estate landscape in the National Capital Region and beyond.

Source :- Economic Times

The debate over leasehold vs freehold land in Mumbai is a critical conversation for anyone looking to invest in the city’s dynamic real estate market. As you browse listings for your dream apartment, especially in premium and luxury segments, you’ll encounter these two fundamental types of property ownership. While it might seem like a minor detail, the difference between leasehold and freehold has profound and lasting implications on your rights, your finances, and your future peace of mind.

This comprehensive guide will walk you through everything you need to know, breaking down the complexities and empowering you to make an informed and confident investment decision in India’s financial capital.

What Exactly is Freehold Property?

In simple terms, freehold ownership is the most complete and straightforward form of property ownership. When you purchase a flat in a building constructed on freehold land, the housing society (of which you are a member) owns the building and, crucially, the land it is built upon, in perpetuity.

Key Advantages of Freehold Property:

• Absolute Ownership: There is no ambiguity. You and the other society members are the outright owners.
• No Lease Expiration: You don’t have to worry about a lease running out or the associated renewal fees.
• Greater Control: The society has more autonomy over the property, including decisions about redevelopment in the future.
• Easier Financing: Banks often view freehold properties more favourably, which can simplify the home loan process.

Understanding Leasehold Property in Mumbai

The concept of leasehold vs freehold land in Mumbai becomes more complex with leasehold properties. When you buy a leasehold apartment, you are buying the rights to the structure (your apartment) for a fixed term, but not the land itself. The land is owned by a landlord (which could be a private entity, a trust, or the government) and is leased to the developer or the housing society for a specific period, commonly 30, 60, or 99 years.

Many of Mumbai’s most sought-after locations, including areas in South Mumbai, Bandra, and Andheri, have a high concentration of properties on leasehold land. This is often due to historical land ownership patterns.

The Central Concern: The primary anxiety for leasehold property owners revolves around the question: what happens when the lease expires? The uncertainty includes:

• Will the lease be renewed automatically?
• What will the renewal premium (cost) be? It could be a substantial amount.
• Does the land and the building on it revert to the original landowner?
• Could property values plummet as the lease expiration date nears?

The Core Debate: Leasehold vs Freehold Land in Mumbai

When weighing your options, the decision isn’t always clear-cut. While freehold seems superior on paper, the availability and location of properties often push buyers towards leasehold options.

Ownership, Rights, and Future Security

The most significant difference lies in security. Freehold property offers a sense of finality. With leasehold, you are essentially a long-term tenant of the land. This can create complications for future generations who inherit the property, as they will also inherit the lease and its eventual expiration.

Financial Implications and Market Value

Leasehold properties can sometimes be slightly more affordable than their freehold counterparts in the same locality. However, this initial benefit can be offset by the long-term financial risks. As a lease shortens (e.g., drops below 30-40 years), it can become more difficult to sell the property or secure a loan against it, potentially impacting its market value.

Expert Advice: Your Due Diligence Checklist

Legal experts strongly recommend extreme caution and thorough investigation before investing in a leasehold property.

1. Scrutinize the Lease Deed: This is non-negotiable. Your lawyer must examine the lease deed to understand its specific clauses on renewal, rent escalation, and transfer of ownership.
2. Verify the Remaining Lease Period: A longer remaining lease (ideally 60+ years) offers more security.
3. Investigate the Landowner: Understand who the freeholder (the original landowner) is. Is it a government body like MHADA or a private trust? Government leases are often perceived as more stable.

What Do Mumbaikars Think?

The discussion isn’t just for experts. Online forums and community groups are filled with Mumbai residents sharing their experiences. Many express a strong preference for freehold properties, citing the “buy it and forget it” peace of mind. Others argue that leasehold is an unavoidable reality in many prime areas and that with proper legal checks, it remains a viable option. The consensus is clear: awareness and due diligence are paramount.

Source : HindustanTimes

According to three sources with knowledge of the matter, Max Estates and Namo realtech private ltd have signed a Joint matter Agreement (JDA) to build a group housing project on the Dwarka Expressway in Gurgaon.

The property is adjacent to Krisumi Waterfall Residences, which is a joint venture between Indian auto component manufacturer Krishna Group and Japanese giant Sumitomo Corporation.

The Max Estates and Namo Realtech-formed independent SPV will include this project. In addition to being the managing director of Krisumi Corporation, Mohit Jain is a director of Namo Realtech.

In sector 36A in Gurgaon, Max Estates plans to create around 2.5 million square feet on a 15-acre plot of land. One of the individuals cited above stated, “The developer would receive one third of the saleable area and an advance payment of Rs 75 crore.

While Max Estates plans to launch its first residential property in Noida in the first half of 2023, this will be the company’s first residential project in Gurgaon.

The deal’s transaction advisor is CBRE. ET sent a letter to Max Estates and CBRE, but neither company replied.

Recently, the US-based mutual life insurance company New York Life Insurance Co. announced plans to invest Rs 290 crore for a 49% ownership share in a commercial project in Gurgaon that is being developed by Acreage Builders Private Limited, the SPV of Max Estates.

Max declared in September 2022 that it has begun the process of paying Rs 322.50 crore to acquire 100% of the SPV’s equity.

It completed the acquisition and onboarded New York Life on February 2 of this year.

The new SPV, which is authorized to develop a commercial property on 7.15 acres on Gurugram’s Golf Course Extension Road, will be 51:49 owned by both companies.

The company’s first commercial project in Gurgaon will be this one.

“With acquisitions this year (completed and in the pipeline), we will be ending FY 23 with a real estate portfolio of 7-8 million square feet diversified across the Delhi-NCR region, asset classes, and risk spectrum,” Sahil Vachani, CEO and MD of MaxVIL, just recently.

By the middle of CY 23, the company intends to start construction on a residential complex in Noida.

The business had stated in a release, “This will be a boutique development with a gross development value of Rs 1300 crore.”

The projected saleable area of this residential-focused, mixed-use project is one million square feet.

The company’s 9M FY23 consolidated revenue of Rs 850 million increased by 18% year over year.

Every year, Max Estates intends to build and buy one million square feet of upscale office space for both commercial and residential use.

The corporation has completed three land transactions in the past six months, paying Rs 850 crore for approximately 22 acres.

The remaining lots will be used for commercial construction, with one being developed for residential use.

According to property consultant ‘Anarock’, in the first half of 2024 Total houses sold in top Indian cities in the quarter 21% luxury houses (price above ₹1.5 crore) stay involved. Highest number of luxury houses in Mumbai (9,360) sold. After this Delhi-NCR (6,060), Hyderabad (5,755), Bengaluru (3,455), Pune (1,530), Chennai (530) and Kolkata (380) was ranked.