Luxury real estate on an upswing
Luxury real estate in India is no more just limited to the select few. The sector is now coming to the mainstream, with demand rising in most of the major cities in the country. Indians are now willing to spend more for spacious homes, upscale lifestyles, and curated living.
One of the natural factors behind the growth in premium living has been the surge in the Indian economy, which is one of the fastest-growing markets in the world. India over the years has witnessed a steady growth in the volumes of HNIs and Ultra HNIs. At present, there are more than 750,000 HNI individuals in India with a net worth of INR 7.5 crores and above. Similarly, there are around 12,000 individuals with a net worth of INR 210 crores.
However, riches and money are not the only factor that is propelling the segment. There has been a general shift in the buyer’s needs as well. People now yearn for better and bigger homes for themselves and their families. The importance of a home as a curator of meaningful interaction and nurturer of well-being is gaining prominence. While previously luxury homes mainly meant plotted developments, farmhouses, and villas, today it is more than that. Presently, there are plenty of swanky apartments, condominiums, penthouses, and premium builder floors that readily come under the category.
Also Read: 10 reasons why buying a house is better than renting
Luxury homes come equipped with plenty of top-of-the-line amenities with a clearly defined idea of giving a great outdoor experience. This may include infinity pools, cold-plunge pools, mini theaters, well-decked gardens, yoga & reiki studios, gaming areas, and much more. Likewise, it can include a private concierge, rooftop deck, restaurants & cafes, golf
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