Is India's real estate sector witnessing unprecedented growth among wealthy Indians and NRIs?

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Realty also depicts similar trends, showing a growing number of high-net-worth individuals, including NRIs, considering purchasing luxury real estate in India. Amidst these developments, the demand for luxury homes is increasing phenomenally as the growing affluent class aspires for superior amenities, spacious living areas, distinctive designs, prestigious addresses, a healthy lifestyle, and a high return on investment.Moreover, the uptick in NRI participation reflects renewed confidence in the Indian property market and the appeal of investing in premium and luxury real estate, particularly in Goa, Mumbai, and Delhi-NCR.A very interesting fact is unveiled in the Luxury Outlook Survey 2024.

The findings of the survey reveal that the majority of holiday home buyers prefer Goa as a second home destination.Let’s explore what are the salient features of Goa’s real estate that appeal to both HNIs and NRIs.Goa is becoming India's primary destination for luxury and ultra-luxury properties due to its picturesque location, favourable climate, and perfect balance of nature living and modern comforts. Smart houses and healthy living have become increasingly important for residents, as they reflect their social status and work-life balance.

Second homes and facilities have become essential for buyers, offering safety and wider spaces for healthy living.Goa is a well-connected state and is expected to improve with the opening of the MOPA airport, leading to increased flights and a boost in the tourism sector. The growth of nurturing gated communities, with top-notch security and improved medical facilities, is also driving the growth of luxury homes.