New Delhi: Real estate developers have been able to sell only 45 per cent of luxury homes (priced above ₹3 crore) launched during the last three years, with investors still shying away from putting money in premium properties due to lower returns, according to PropTiger data.

Housing brokerage firm PropTiger, which is owned by News Corp and Softbank-backed Elara Technologies, reported that only 5,926 luxury units have been sold till January this year, out of the 13,290 homes launched by developers across nine major cities during the last three calendar years (2017-2019).

The cities covered in the analysis are Ahmedabad (including Gandhinagar), Bengaluru, Chennai, Gurugram (including Bhiwadi, Dharuhera and Sohna), Hyderabad, Kolkata, Mumbai

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