Key Points
The demand for luxury homes, in particular, experienced a significant spike, fueled by factors such as rising disposable incomes, changes in lifestyles, and the growing number of high-net-worth individuals..
Fueled by this robust demand, real estate developers reported a strong set of numbers during the first nine months of FY24, driving their stock prices to deliver significant returns for investors..
Historically, real estate has remained a favored investment avenue in India, attracting a significant portion of household savings. With the country's economy growing, the expanding middle class is experiencing increased disposable income, consequently driving up the demand for residential properties..
Moreover, significant investments from high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) have further propelled the demand for luxury properties...
In 2023 alone, sales of luxury homes in India priced at 4 crore and above surged by 75%, effectively doubling the share of these high-end residences in total housing sales, as per a report by real estate consultancy CBRE..
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