In the dynamic and ever-evolving realm of the Indian real estate sector, the allure of luxury homes stands out as a pivotal force, steering a remarkable surge in sales throughout the initial nine months of 2023. This noteworthy trend not only signals a shift in buyer preferences but also underscores a renewed emphasis on considerations beyond mere affordability. Amidst this transformative landscape, Origin Corp, with its commitment to redefining industry standards, plays a significant role in shaping the narrative of luxury living. As the real estate market embraces change, Origin Corp stands at the forefront, blending innovation and quality to set new benchmarks in the pursuit of exceptional living experiences.
Unveiling the Numbers
According to recent reports by real estate sector, luxury homes have witnessed a steady surge, constituting approximately 24 percent of total sales in the top seven cities during the first nine months of 2023. Reports indicate a promising Compound Annual Growth Rate (CAGR) of over five percent for the luxury residential real estate market from 2023-2028, with an anticipated revenue growth of 40 percent, reflecting changing buyer needs. Origin Corp, a key player in this dynamic sector, is not resting on past accomplishments. With a resolute commitment to excellence, they set ambitious goals, aiming to achieve a significant revenue milestone of 300 crores in the next six months. Additionally, Origin Corp plans to launch 2-3 new projects, adding approximately 7 lakhs sq. ft. to the western line by March 2024, further enriching the real estate landscape with innovative designs and a community-centric approach.
Changing Priorities: Beyond Affordability
Recent research highlights a significant shift in homebuyers’ priorities, extending beyond traditional affordability concerns to include health, safety, sustainability, and smart home integration. This shift is exemplified by a notable 130% surge in upscale luxury home sales during the first half of 2023, primarily fueled by high-net-worth individuals and investors. Optimism from real estate developers and financial institutions, as reflected in the Knight Frank-NAREDCO sentiment index, underscores the sector’s growth potential, signalling a broader transformation in the real estate market.
Simultaneously, the surge in luxury home sales is reshaping the Indian real estate landscape, influencing other market segments and sparking a resurgence in mid-end and premium categories. Expected to persist, this trend attracts high-net-worth individuals and non-resident Indians seeking secure investments amidst global economic uncertainties. As we approach the year-end, the luxury housing market is poised for heightened success, solidifying its status as a compelling investment option and reflecting the evolving aspirations of Indian homebuyers- an era marked by sophisticated living and sustainable real estate choices.
Signature Projects: Redefining Modern Living
Origin Corp’s signature projects epitomize luxury and innovation.
Rock Highland in Kandivali offers 2 & 3 BHK premium apartments that redefine modern living. Architectural brilliance, affordability, and an unbeatable location make it a standout choice in the luxury housing market.
The Willows in Mira-Bhayander redefines luxury through exclusive villa living. With private yards and rooftop terraces, it seamlessly combines luxury with nature.
Infrastructure and Connectivity: Driving Opportunities
The Kandivali-Mira Road belt’s appeal is further enhanced by excellent connectivity and ongoing infrastructure projects. The Andheri-Dahisar-Mira-Bhayander Metro Line, the Coastal Road, the Borivali-Thane Tunnel Road, and the Dahisar – Link Road Extension are set to drive real estate prices higher, making these areas attractive investment prospects.
Crafting a Legacy: Origin Corp’s Remarkable Evolution
Origin Corp’s trajectory over the last half-decade reflects unwavering commitment to advancement and excellence. As the company pursues its ambitious goals, it remains dedicated to creating dream homes and vibrant communities, leaving a lasting legacy in the world of real estate.
A Future Full of Promise
Origin Corp invites potential investors to explore their star projects. Beyond these, the company has numerous ongoing and upcoming projects, catering to diverse preferences and lifestyles.
For more information on Origin Corp and their projects, visit- www.origincorp.in