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Prices of luxury homes in the top seven cities in 2018 were at an average of Rs 12,400 per sq ft. The rates have increased to Rs 15,350 per sq ft now, Anarock said in a report

Average prices of luxury homes up 24% from 2018: Anarock

Prices of luxury homes in the top seven cities in 2018 were at an average of Rs 12,400 per sq ft. The rates have increased to Rs 15,350 per sq ft now, Anarock said in a report

Average prices of luxury homes, costing more than Rs 1.5 crore, have increased by 24 per cent in the last five years across seven major cities, according to property consultant Anarock.
Luxury homes recorded the highest average price appreciation of 24 per cent in the last five years, while rates of affordable homes below Rs 40 lakh went up by 15 per cent.
The price increase in the mid- and premium-housing segment -- costing in the range of Rs 40 lakh to Rs 1.5 crore -- was 18 per cent in the last five years.
Prices of luxury homes in the top seven cities in 2018 were at an average of Rs 12,400 per sq ft. The rates have increased to Rs 15,350 per sq ft now, Anarock said in a report released on Tuesday.
The average price in the affordable homes category across the top seven cities was Rs 3,750 per sq ft in 2018 as against Rs 4,310 at present.
Mid- and premium-segment homes saw the average price go up from Rs 6,050 per sq ft in 2018 to Rs 7,120 per sq ft in 2023.
Anarock Chairman Anuj Puri said, "Extremely robust sales, ably supported by good supply pipeline, have resulted in luxury homes witnessing the most significant price appreciation. Considering the relative price stagnation in this segment in earlier years, a 24 per cent increase over the last five years is notable." Commenting on the report, Pradeep Aggarwal, founder and chairman, Signature Global (India) Ltd, said housing prices have risen in the last two years after remaining stagnant for almost a decade.
"We are witnessing price appreciation in all segments, be it affordable, mid-income, luxury and ultra luxury," he said.
The price growth is higher in luxury homes category because of a surge in demand amid limited supply, Aggarwal said.
Mohit Jain, managing director, Krisumi Corporation, said, "Luxury homes witnessing maximum price appreciation in the last five years is not at all surprising, considering that the demand in this segment has surged during and post-pandemic." People are looking to buy spacious homes with better amenities, he added.
"Luxury projects are now adopting green building norms in a big way, adding to the cost. Usage of top-notch construction material, finishes, appliances and design results in higher cost of construction," Jain said.

Hyderabad saw 20-fold jump to 1,000 units during the second quarter of this calendar year from 50 units in the corresponding period of the last year

Luxury homes sales in India rose 130% in January-June period: CBRE

Hyderabad saw 20-fold jump in sales of luxury housing to 1,000 units during the second quarter of this calendar year from 50 units in the corresponding period of the last year

Despite the prices of luxury housing soaring, it has continued to witness a strong demand. 3100 homes priced at Rs 4 crore and above were sold during the April-June period across seven major cities, according to CBRE. This compares to 1,400 units being sold during the same time in the year-ago period.
As per the data, Hyderabad saw 20-fold jump to 1,000 units being sold during the second quarter of this calendar year up from 50 units sold in the corresponding period of the last year.
Sales of luxury homes in Delhi-NCR rose three times to 1,050 units from 350 units.
In Pune, 150 units were sold in April-June this year as against nil in the year-ago period.
Demand in Chennai and Kolkata remained flat at 50 units each.
Sales in Mumbai declined to 750 units in the second quarter of this year from 800 units in the year-ago period. In Bengaluru, demand fell by half to 50 units during April-June as compared to 100 units in the corresponding period of the last year.
"We are witnessing an impressive growth and resilience of the luxury housing segment. This surge signifies the strong demand and positive momentum in the luxury housing market.
"Looking ahead, we anticipate a stronger second half of 2023 in the residential market, supported by factors such as a healthy supply pipeline, the approaching festive season, and stabilising mortgage rates," Anshuman Magazine, Chairman &amp; CEO - India, South-East Asia, Middle East &amp; Africa of CBRE, said.
On the trend, DLF Group Executive Director &amp; Chief Business Officer Aakash Ohri said that the luxury housing sector is expected to sustain strong sales momentum, on the back of rapid urbanisation, improved affordability and aspirational needs.
"Among other Indian cities that have recorded a rise in demand for luxury properties, NCR stands out observing not just an increase in sale, but even rising rentals for luxury homes. Within NCR, Gurugram particularly has emerged as a preferred choice for luxury homebuyers, with large presence of HNIs (High Networth Individuals)and UHNIs (Ultra High Networth Individuals) base and a significant rise in the number of affluent millennials in the region," he said.
Mohit Jain, Managing Director of Gurugram-based Krisumi Corporation, said, the luxury housing segment is outperforming other segments due to the high aspirations among young homebuyers and changing preferences.
The limited supply of luxury homes and the rising demand is another significant reason that has led to a surge in sales, Ravish Kapoor, Managing Director of realty firm Elan Group, said.

When you wear a luxury label, you want it to speak loudly through logos and quiet luxury is exactly the opposite of it. It celebrates clean, high-quality and timeless items that also reflect your personal style. 

What is quiet luxury and why is everyone talking about it?

When you wear a luxury label, you want it to speak loudly through logos but 'quiet luxury' is exactly the opposite of it. It celebrates clean, high-quality and timeless items that also reflect your personal style.&nbsp;

After minimalism and normcore, another fashion trend crying out loud on headlines is 'quiet luxury'. In simple words, it means following a low-key approach when it comes to buying or styling luxury items.&nbsp;
The idea of wearing a luxury label with their logos speaking out for them is being negated by quiet luxury. It celebrates clean, high-quality and timeless items that also reflect personal style.&nbsp;
It could be a cashmere coat, a Herm&egrave;s Kelly bag or a piece of heirloom jewellery that has been in a family for generations. High-end luxury labels including Miu Miu, Bottega Veneta and Herm&egrave;s among others are known for their quiet luxury approach and now other brands like Vince and Banana Republic are also trying their hands on it.&nbsp;
While it may seem new, experts believe the trend has always been there. For example, in India, people are crazy about pashmina shawls, Benarasi sarees or outfits with chikankari embroidery even without a luxury logo on them. An item weaved and handcrafted by local artisans has always been cherished and celebrated in our diverse nation.
<h3>How to pull off quiet luxury?</h3>
While you may like high-end fancy items with logos, quiet luxury is about understanding your style. Shop carefully and avoid too many prints and elements on a clothing item. Go for iconic vintage items and focus on the details and quality of the fabric rather than just the price tag.
Also watch: <a href="https://www.editorji.com/lifestyle-news/fashion-and-beauty/sari-from-being-humble-drape-to-becoming-the-new-cool-here-s-how-this-attire-evolved-over-time-1680925768997">Sari: From being humble drape to becoming the new cool, here's how this attire evolved over time</a>

Balenciaga's newest offering is fisherman-style wader boots that stretch up to your waist. Know how much it costs. 

Balenciaga's wader boots will burn a hole in your pocket; here's how much it costs 

Balenciaga's newest offering is fisherman-style wader boots that stretch up to your waist. Know how much it costs.&nbsp;

Balenciaga is back with another overpriced product that will definitely burn a hole in your pocket.&nbsp;
The high-end luxury brand's newest offering is fisherman-style waders that stretch up to your waist.&nbsp;
These wader boots are a part of the label&rsquo;s winter collection. Made of calfskin, the boots are priced at a whopping amount of $3,490. Take a look!&nbsp;
However, this is not the first time Balenciaga has made headlines for its over-priced products. The brand was also called out for pricing Trash Bag pouches for $1,790, Shoelace earings for $162 and the infamous Potato chips bag at a hefty price tag of $1,800.&nbsp;
Also watch: <a href="https://www.editorji.com/lifestyle-news/fashion-and-beauty/from-tiffin-box-to-dog-bed-balenciaga-is-selling-them-all-under-its-objects-line-1668828574136">From tiffin box to dog bed, Balenciaga is selling them all under its Objects line</a>

Balenciaga's latest bizarre product is a distressed cap. Know how much it costs. 

Destroyed cap is Balenciaga's latest bizarre product; here's how much it costs

Balenciaga's latest bizarre product is a distressed cap. Know how much it costs.&nbsp;

Balenciaga is making headlines once again and this time it's for selling a baseball cap destroyed by a laser.&nbsp;
The bizarre cap looks torn and tattered with the cotton material coming off. With a hefty price tag of $360, the product is doing rounds on social media and netizens are calling out the brand once again.&nbsp;
The luxury brand has previously been slammed for Demna&rsquo;s bizarre, pricey creations, like a trash bag, opera-length glove and potato chips bag among others.&nbsp;
Also watch: <a href="https://www.editorji.com/lifestyle-news/fashion-and-beauty/handbag-quite-literally-balenciaga-stole-the-thunder-yet-again-1667038327314">Handbag quite literally! Balenciaga stole the thunder yet again</a>

Not Balenciaga, this time it is Hugo Boss that is making a regular item inaccessible. Know what all the fuss is about.

Desi 'Bathroom Chappals' being sold for Rs 4,250; Hugo Boss stealing headlines for this unimaginable launch launch

Desi 'Bathroom Chappals' being sold for Rs 4,250; guess who did it? 

No not Balenciaga, this time it is Hugo Boss who is stealing the headlines for making a regular item inaccessible. Know what all the fuss is about.

There are a number of things that amuse us and one amongst them is capitalism making regular items inaccessible to people. Well, if you are thinking that Balenciaga did it again, sorry to burst your bubble. This time, it is Hugo Boss. The luxury brand is selling a pair of slippers which look like 'Desi bathroom slippers' for more than Rs 4,000.&nbsp;
Indians are reacting to this by showing off their bargaining skills on Twitter.&nbsp;
Some said even if they were millionaires, they wouldn't buy these chappals for this amount. One of them even commented that they wouldn't pay a penny more than Rs 150 for these slippers.&nbsp;
Like it or not, the slippers caught all attention that they apparently didn't deserve. Congratulations Hugo Boss. :)
Also Read: <a href="https://www.editorji.com/lifestyle-news/fashion-and-beauty/balenciaga-s-new-potato-chips-bag-luxury-or-disappointment-1665130808734">Balenciaga&rsquo;s new potato chips bag: Luxury or disappointment?&nbsp;</a>

A luxury car  Bentley Mulsanne reportedly stolen from London was recovered during a raid conducted by the customs department in Pakistan's Karachi.The car was found at a house in Pakistan's commerical capital after British Intelligence provided information to the Customs Enforcement Department in Karachi. A local report said that a British intelligence agency had provided information about a grey Bentley Mulsanne – V8 Automatic after which the customs carried out the raid.The high-end car was found parked at the porch of a house.

Luxury car Bentley Mulsanne stolen in London found in Karachi

The car was found at a house in Pakistan's commerical capital after British Intelligence provided information to the Customs Enforcement Department in Karachi.&nbsp;

A luxury car &nbsp;Bentley Mulsanne reportedly stolen from London was recovered during a raid conducted by the customs department in Pakistan's Karachi. The car was found at a house in Pakistan's commerical capital after British Intelligence provided information to the Customs Enforcement Department in Karachi.&nbsp; A local report said that a&nbsp;British intelligence agency had provided information about a grey Bentley Mulsanne &ndash; V8 Automatic after which the customs carried out the raid. The high-end car was found parked at the porch of a house.

French luxury behemoth Chanel has raised prices of some of its most popular handbags yet again.

Luxury brand Chanel is raising prices, limiting sales. Here's why

French luxury brand Chanel&nbsp;is on a price-hiking spree!
Chanel&nbsp;classic flap bag (small) 60% price hike since Nov 2019 Current price: $8,200 (₹6,18,000)
Chanel&nbsp;classic flag bag (large) Price in Dec '21:&nbsp;$9,500 (₹7,15,000) Price in June '21: $7,400 (₹5,57,000)
Chanel's&nbsp;medium flap bag costs $115 more than&nbsp;Herm&egrave;s' Birkin
Why is Chanel going gaga with price hikes?
Exchange-rate fluctuations Production cost changes Maintenance&nbsp;of global price parity
Chanel'&nbsp;flap bag &gt;&gt;&gt; Herm&egrave;s'&nbsp;Birkin, Kelly
Luxury works overtime to&nbsp;&lsquo;limit&rsquo; sales
Building FOMO Only one bag per customer in one month (or year)
Purchase&nbsp;&lsquo;quotas&rsquo; are common in the&nbsp;luxury&nbsp;world&nbsp; Chanel,&nbsp;Herm&egrave;s, Rolex, Louis Vuitton

French luxury behemoth Chanel has raised prices of some of its&nbsp;most popular handbags yet again.

Perhaps taking a page out of the petrol hike rule book, French luxury behemoth Chanel has raised prices of some of its&nbsp;most popular handbags yet again.&nbsp;&nbsp;
Although price adjustments are a common practice once a year,&nbsp;this is&nbsp;Chanel&rsquo;s&nbsp;fourth or fifth price hike on&nbsp;certain&nbsp;products since the start of the pandemic.
SEE MORE&nbsp;<a href="https://www.editorji.com/business-news/meet-leena-nair-global-ceo-of-luxury-brand-chanel-1639535491657">Meet Leena Nair; Global CEO of luxury brand Chanel&nbsp;</a>
For instance, the price of Chanel&rsquo;s&nbsp;small classic flap bag&nbsp;has increased by 60 per cent since November 2019, now costing $8,200 or around&nbsp;₹6,18,000.&nbsp;The larger variant of the same bag costs&nbsp;$9,500 (₹7,15,000), up from $7,400 (₹5,57,000) in June 2021.
For&nbsp;some&nbsp;perspective, the infamously expensive Birkin&nbsp;by&nbsp;French luxury brand&nbsp;Herm&egrave;s&nbsp;now costs about $115 (₹8,600), less than the medium-sized Chanel flap bag.
<h3>Why is Chanel going gaga with price hikes?&nbsp;&nbsp;</h3>
Chanel says the hikes are in response to unspecified exchange-rate fluctuations, changes in production costs and to ensure its handbags cost roughly the same around the world.
Industry experts say essentially&nbsp;Chanel&nbsp;wants&nbsp;to become more exclusive, as part of an effort to become as or even more iconic than the Birkin or Kelly bag by&nbsp;long-time&nbsp;rival Herm&egrave;s.
SEE MORE&nbsp;<a href="https://www.editorji.com/chanel-s-luxury-water-bottle-comes-at-a-heavy-price-its-sold-out-1580904969841">Chanel's luxury water bottle comes at a heavy price &amp; its sold out</a>
<h3>Luxury works overtime to &lsquo;limit&rsquo; sales&nbsp;&nbsp;</h3>
In recent years, luxury brands like Chanel have even placed limits on the number of products a customer can purchase&nbsp;at a given time.&nbsp;Although the limits don&rsquo;t seem to be in place for every city, reports say that at least in Paris, New York and&nbsp;Korea, you can only buy one&nbsp;Chanel&nbsp;bag in a month.
In an effort to gain some control on the burgeoning resale market, similar purchase &lsquo;quotas&rsquo; are&nbsp;employed&nbsp;by other luxury players like&nbsp;Herm&egrave;s, Rolex and Louis Vuitton&nbsp;on select products of high resale value.&nbsp;
SEE MORE&nbsp;<a href="https://www.editorji.com/lifestyle-news/zara-atelier-zara-s-new-coat-line-is-expensive-but-is-it-luxury-1639653082751">Zara Atelier: Zara&rsquo;s new coat line is expensive but is it luxury?</a>

Titled Zara Atelier, the new venture will release only two limited edition collections a year.  

Zara Atelier: Zara’s new coat line is expensive but is it luxury?

Fast-fashion giant Zara is embracing high-end craftsmanship
GFX//&nbsp;Zara&nbsp;Atelier... (VO:&nbsp;Titled Zara Atelier, the new venture&nbsp;will release only two limited edition collections a year to be sold in select online and offline stores globally.)&nbsp;
Zara&nbsp;Atelier's first capsule features 6 opulent cocktail coats
Cost:&nbsp;US$400 to US$600 (or Rs. 30,000 to 45,000)
Feature couture-style details like feather trims, embroidery &amp; more
GFX// Is Zara&nbsp;using the Atelier... (VO: ...trend-focused brand&rsquo;s answer to&nbsp;high-end fashion...)
Photography by Paolo Roversi; known for his&nbsp;high-end work
The luxury of Zara&nbsp;Atelier may be limited to its 'look'
Most of the coats are&nbsp;made with&nbsp;polyester, viscose,&nbsp;acrylic
GFX//&nbsp;Zara&nbsp;is using&nbsp;the language... (VO: ...but rather just&nbsp;using the language of luxury to tap into the shopper&rsquo;s....)&nbsp;
Prioritising products that 'look'&nbsp;sophisticated &amp; luxurious

Titled Zara Atelier, the new venture&nbsp;will release only two limited edition collections a year.&nbsp;&nbsp;

As shoppers develop a distaste for fast fashion, the sector&rsquo;s biggest household brand Zara&nbsp;is embracing high-end craftsmanship&nbsp;with its latest project.&nbsp;&nbsp;
Titled Zara Atelier, the new venture&nbsp;will release only two limited edition collections a year to be sold in select online and offline stores globally.&nbsp;
The first&nbsp;line from the Atelier is a capsule of six opulent&nbsp;coats. Costing around US$400 to US$600 (or Rs. 30,000 to 45,000), the&nbsp;dreamy cocktail coats are made using premium fabrics with couture-style detailing like&nbsp;satin piping, marabou feather trims, intricate embroidery and&nbsp;tons of&nbsp;sequins.&nbsp;
SEE MORE&nbsp;<a href="https://www.editorji.com/business-news/zara-hit-by-covid-posts-loss-for-india-unit-as-sales-fall-nearly-30-1624022383252">Zara hit by Covid, posts loss for India unit as sales fall nearly 30%</a>
The Zara Atelier is no doubt&nbsp;the trend-focused brand&rsquo;s answer to&nbsp;high-end fashion. But a closer look at the coats, photographed by industry veteran Paolo&nbsp;Reversi, shows that&nbsp;luxury is more in the looks of the collection than the actual construction.&nbsp;&nbsp;
Of the six, only one coat is made with 75 per cent wool while the rest range from 5 to 55 per cent&nbsp;wool.&nbsp;The pieces are primarily made with&nbsp;polyester, viscose, polyamide and acrylic.
Fast fashion to high fashion: Zara&nbsp;is&nbsp;rebranding
From the mid-tier pricing and construction,&nbsp;it appears that&nbsp;Zara is not entering the luxury market but rather just&nbsp;using the language of luxury to tap into the shopper&rsquo;s need for&nbsp;sophisticated and luxurious-looking products.
SEE MORE&nbsp;<a href="https://www.editorji.com/zara-primark-factory-workers-say-they-were-fired-for-unionizing-1593002520954">Zara, Primark factory workers say they were fired for unionizing&nbsp;</a>

Italian luxury fashion house Armani says it will stop using angora wool, a rabbit hair product, starting next winter.

About time! Elle drops fur from editorial content, Armani to quit angora wool

Italian luxury fashion house Armani says it will stop using angora wool, a rabbit hair product, starting from its 2022-23 winter collections.

Italian luxury fashion house Armani says it will stop using angora wool, a rabbit hair product, starting next winter.

Soon after&nbsp;Italian luxury fashion house Armani said it will stop using angora wool, Elle magazine has said that it will&nbsp;stop using fur in all its editorial and advertising content worldwide.&nbsp;
This makes the fashion&nbsp;glossy the first major publication in the world to do so.&nbsp;
For the Armani group that went fur-free in 2016, the latest ban on angora wool, a rabbit hair product, will be effective from its 2022-23 winter collections.&nbsp;
SEE MORE&nbsp;<a href="https://www.editorji.com/france-to-ban-use-of-mink-farms-wild-animals-in-travelling-circuses-1601381603467">France to ban use of mink farms, wild animals in travelling circuses</a>&nbsp;
Armani's news comes around 8 years after animal rights group PETA&nbsp;exposed the harrowing conditions in 10 Angora farms in China where 90% of the world's angora is produced.&nbsp;
In recent years, many fashion brands have adopted policies against using materials that inflict cruelty upon animals.&nbsp;Apart from Armani, a slew of brands including Gucci, Valentino,&nbsp;Balenciaga, Alexander McQueen, Burberry, Stella McCartney have also gone fur-free.&nbsp;
On the other hand, luxury group LVMH, the parent company of Dior, Fendi, Givenchy&nbsp;among others, says their stance is 'freedom of choice' for their customers and brands as Fendi&nbsp;continues to sell mink fur coats for $30,000.&nbsp;
SEE MORE&nbsp;<a href="https://www.editorji.com/mink-test-covid-19-positive-animal-charities-call-for-fur-ban-1588660690179">Mink test Covid-19 positive, animal charities call for 'fur ban'</a>

If you think you know everything about luxury, think again. For connoisseurs of outdoor adventures and luxury, The Yellowstone Club is the ultimate destination. A highly exclusive residential community located in Big Sky, Montana, USA can be your answer if you can shell out a whopping $16.2 million, which is a little over 100 crores. The Yellowstone Club is known for its year-round recreation, from private ski trails to world-class golf courses, fishing, hiking, horseback riding and much more. Resembling a classic mountain lodge, Cedarview is designed to allow the surroundings to ‘enter’ the home and the mountains’ presence is felt in almost every room. Interested folks can start with putting down a deposit of $400,000 for a residential membership.

If you think you know everything about luxury, think again. For connoisseurs of outdoor adventures and luxury, The Yellowstone Club is the ultimate destination. A highly exclusive residential community located in Big Sky, Montana, USA can be your answer if you can shell out a whopping $16.2 million, which is a little over 100 crores. The Yellowstone Club is known for its year-round recreation, from private ski trails to world-class golf courses, fishing, hiking, horseback riding and much more. Resembling a classic mountain lodge, Cedarview is designed to allow the surroundings to ‘enter’ the home and the mountains’ presence is felt in almost every room. Interested folks can start with putting down a deposit of $400,000 for a residential membership.

The inspectors of Forbes travel guide visited close to 1000 hotels globally to pick the world's most luxurious hotels. 
The recipients are 58 top hotels that are the world's best in terms of services and facilities.
The hotels were also judged on interior design, landscaping and personalised guest experiences.
Macau emerged as a leader with 4 hotels while Las Vegas, New York City and Bali were tied for the 2nd position.

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