What's driving the growth of luxury housing in india 👇
Owning luxury homes is a symbol of success
Increasing preferences for spacious, environmental friendly and landmark structures
Advanced security system, tech driven automated features and voice enabled devices
UHNIs, HNIs and wealthy NRIs investing in this segment
Rising income level duly supported by favourable policies and backed by efficient infrastructure developments
Added to all the above factors is the herd mentality commonly found among us
Real-estate experts predict a steady price increase in the range of 5 - 10% in luxury housing primarily due to continued investments by HNIs, UHNIs and NRIs
Key metro cities - Delhi - NCR, Mumbai, Bengaluru and Chennai are fast developing in the luxury housing segment
Priced upwards of 10 crores, high end homes of this ultra luxury category can cost a staggering value of 100 crores depending on prime location, size and features in these happening metro cities
Tier 2 cities aren't losing on these prospects and are fast catching up with building luxury homes in the price segments of 4 - 10 crores
The average per sq.ft in this segment costs anywhere between ₹25000 to 1.1lac and any property above 1 crore value is categorised as a luxury home
Typically these ultra luxury housing projects focus on allocating 70 - 80% of the total land area for open spaces by prioritising expansive green coverage and landscapes gardens to enhance the living experiences and provide privacy for the residents
In other words, investors/buyers of these properties are contributing for restoration of green cover and reconnection with nature by encouraging such ultra high value housing projects
With Mumbai topping the chart and strongly followed by Delhi NCR & Bengaluru, the Indian real-estate market is witnessing a steady demand for high end luxury homes that carry a price tag of 10 - 100crores
In india the luxury housing market has just begun says experts in this industry and the proof of the pudding is seen in the ongoing projects at these most happening cities
As per the leading consultants in the real-estate market, sales of ultra luxury homes saw a significant growth of 17% in year 2024 which is an encouraging factor for investments in these housing projects
Wealthy NRIs living in prime estates and plush homes across the globe, not willing to compromise on their living comforts in india are backing the growth of ultra luxury homes segment by largely investing in these projects
The future of ultra luxury homes in india looks promising with continued surge in demand driven by number of HNIs and UHNIs leading to robust sales of extravagant housing projects in prime locations of these trending cities
The common person in india has the luxury of feeling proud to be an Indian in a country that's fast developing as second to none in the world of ultra luxury housing and they can also be motivated to aspire and perspire to grow wealthy to live in these luxury homes
The author of this post currently residing in one of these happening metro cities is witnessing the growth in the luxury housing sector and seeing the transformation in the skyline of this city getting decorated with ultra luxury homes and he will rest with the satisfaction of writing on the growth of the nation 🇮🇳
