Connect with us


India Sotheby’s International Realty posts record sales of 180+ luxury properties worth USD 280 million in the year 2021

India Sotheby’s International Realty

New Delhi, March 01, 2022: India Sotheby’s International Realty (India SIR) has registered 30 per cent growth year-on-year in India and expanded its footprint in more than five major metropolitan centres.

According to a press release issued by the company, India SIR sold 182 luxury properties worth USD 280 million during 2021 as against 102 properties valued at USD 190 million in the previous year. The growth in sale of properties in value terms stood at 47 per cent while in volume it was 78 per cent.

Amit Goyal

“2021 marked a headline shift in luxury home buying in India. We clocked another extraordinary year. Our India footprint expanded across 5 cities, with a 66-member team. We registered a 30 per cent year-on-year growth,” according to Amit Goyal, CEO, India Sotheby’s International Realty.

“We also concluded more than a dozen transactions valued at USD 10 million-plus, which is unprecedented. Our office concluded one of the highest value transactions, in Goa, at USD 15 million, for an extraordinary beach facing villa expanding the market place,” added Mr. Goyal.

The global network of Sotheby’s International Realty reported a record US$204 billion in 2021 global sales volume on the back of a $150 billion sale for 2020. 

Philip White, president and CEO of Sotheby’s International Realty

“Real estate has become a hot investment in 2021,” said Philip White, president and CEO of Sotheby’s International Realty. “Once again, affiliates of Sotheby’s International Realty outperformed the industry average and achieved record-breaking home sales as buyers continued to depend on their trusted expertise to navigate the market,” White added.

The company’s website saw more than 46 million visitors in 2021, a 25 per cent increase year-over-year and the most visits to the website in its history. The website has introduced translations in 14 languages with nearly 60 currency conversions, and a mobile-first approach to emphasize the method in which today’s clients are buying and selling homes.


On India luxury realty market, Goyal pointed to a bullish outlook on luxury home prices. Unlike some of the developed countries, where the price increase frenzy seems to be cooling off, in India, “we are at the start of a secular price rise since price rise follows rise in volumes if not along with it “.

The stock of luxury homes has fallen behind ready supply, he said. The thriving urban centres of Delhi and Mumbai, and the vacation home destination of Goa, are expected to be the outperformers of 2022.

Latest News

News8 hours ago

UP Real Estate Appellate Tribunal’s “Online Justice Delivery System” awarded for Innovative Technology for Smart Governance by Computer Society of India

U.P. Real Estate Appellate Tribunal’s “Online Justice Delivery System” has been awarded for Innovative Technology for Smart Governance and selected...

News1 day ago

52% NRIs see Indian commercial properties emerging as a new asset class

The Indian real estate segment demonstrates an upward trajectory with the projection to exhibit a growth rate of 9.2% CAGR...

Guest Column1 day ago

Welspun Gp acquires Sintex BAPL

Mumbai, March 30, 2023: Welspun Group has acquired the plastic industry market leader, Sintex.  Sintex’s auto business already has a...

New Launches1 day ago

Naiknavare Developers launches Avasa, new vertical of structured plots; commences e-commerce platform designed for plotting

Pune, March 30, 2023: Naiknavare Developers, renowned for its well-thought-out community-centric residential and commercial projects in Pune, Mumbai, and Goa, today announced it...

News1 day ago

Residential demand up 14.2%, supply grew 1.9% YoY: Magicbricks PropIndex Report, Jan-Mar’23

New Delhi/Noida, March 30, 2023: Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2% and...

News1 day ago

Mahindra Life transacts with Alliance Gp for 9.24 acres at Mahindra World City, Chennai

New Delhi, March 29, 2023: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development business of the Mahindra...