Luxury Real Estate: India's Ultrarich Opt for Elite Properties at Home and Abroad

The luxury housing market in India has shown remarkable resilience, with a surge in ultra-luxury real estate sales in major metros and vacation spots. Despite geopolitical instability, the ultrarich continue to invest in premium properties both domestically and internationally.

Luxury Real EstateHighnetworth IndividualsUltraluxury PropertiesReal Estate MarketInvestmentReal Estate MumbaiMay 16, 2025

Luxury Real Estate: India's Ultrarich Opt for Elite Properties at Home and Abroad
Real Estate Mumbai:A ₹95 crore estate in Bijwasan, New Delhi. An ₹85 crore bungalow in Lonavala, Maharashtra. A sea-facing villa in Goa priced at ₹13.75 crore. These are just a few examples from India Sotheby’s International Realty’s listings that point to the surge in ultra-luxury real estate — a market segment that has not only bounced back from the pandemic lows but has gone from strength to strength.nnDespite geopolitical instability and concerns about macroeconomic headwinds affecting household budgets, the luxury housing market in India has shown remarkable resilience. Sales in this segment rose 28 per cent year-on-year in the first quarter. This growth is particularly notable in major metros such as New Delhi, Mumbai, and Bengaluru, where micro-markets like Lutyens' and South Delhi; BKC, Bandra, and Worli in Mumbai; and areas like Koramangala and Indiranagar in Bengaluru are increasingly popular among high-net-worth individuals (HNIs).nnThe appeal of these premium properties lies in their exclusivity, location, and the high standard of living they offer. In New Delhi, for instance, the Lutyens' area is known for its historic significance and the presence of diplomatic enclaves, making it a preferred choice for the ultrarich. Similarly, in Mumbai, areas like Bandra and Worli offer a blend of luxury and proximity to business districts, attracting affluent buyers.nnHowever, the demand for luxury real estate is not limited to urban centers. Locations like Goa, Alibaug, Lonavala, and parts of Uttarakhand are increasingly attractive to HNIs seeking weekend homes or holiday retreats. The serene landscapes, lush greenery, and tranquil environments of these areas provide a perfect escape from the hustle and bustle of city life. Properties in these regions are often designed to blend seamlessly with their natural surroundings, offering a unique living experience.nnInternational real estate is also a significant part of the luxury property market. Christie's International Real Estate, for example, lists properties in popular destinations like Los Angeles, where a sea-facing estate is priced at nearly $20 million (approximately ₹171 crore). These international investments are driven by the desire for diversification, lifestyle enhancement, and the prestige associated with owning property in global hotspots.nnThe resilience of the luxury real estate market can be attributed to several factors. Firstly, the ultrarich have a strong appetite for high-quality, well-located properties that offer long-term value and potential for appreciation. Secondly, the pandemic has shifted priorities, with many HNIs now placing a higher value on spacious, well-equipped homes that can serve as both primary residences and retreats.nnReal estate experts also note that the luxury market benefits from a robust ecosystem of services and amenities. From world-class schools and healthcare facilities to premium shopping and dining experiences, these areas offer a lifestyle that is highly desirable to the ultrarich. Additionally, the availability of high-end property management services ensures that these properties are maintained to the highest standards.nnAs the market continues to evolve, the demand for ultra-luxury real estate is expected to remain strong. Developers and real estate firms are responding to this demand by introducing more exclusive projects and tailoring their offerings to meet the preferences of HNIs. Whether it's a sprawling estate in a prime location or a serene retreat in a picturesque setting, the ultrarich are willing to invest in properties that align with their lifestyle and aspirations.nnIn conclusion, the luxury real estate market in India and abroad is witnessing a significant surge, driven by the resilience and growing demand from high-net-worth individuals. As these trends continue, the sector is poised for further growth, offering both domestic and international investors a wealth of opportunities.

Frequently Asked Questions

What are some popular locations for luxury real estate in India?

Some popular locations for luxury real estate in India include Lutyens' and South Delhi in New Delhi, BKC, Bandra, and Worli in Mumbai, and areas like Koramangala and Indiranagar in Bengaluru. Additionally, vacation spots like Goa, Alibaug, Lonavala, and parts of Uttarakhand are also gaining popularity among high-net-worth individuals.

Why are high-net-worth individuals (HNIs) investing in luxury real estate?

HNIs are investing in luxury real estate due to the exclusivity, prime locations, and high standard of living these properties offer. The pandemic has also shifted priorities, with many HNIs now placing a higher value on spacious, well-equipped homes that can serve as both primary residences and retreats.

What factors contribute to the resilience of the luxury real estate market?

The resilience of the luxury real estate market is attributed to the strong appetite for high-quality, well-located properties, the desire for diversification and lifestyle enhancement, and the availability of a robust ecosystem of services and amenities. Additionally, the pandemic has increased the demand for spacious and well-equipped homes.

What are some international destinations popular for luxury real estate investments?

Popular international destinations for luxury real estate investments include Los Angeles, New York, London, and other global hotspots. These areas offer a blend of prestige, lifestyle, and investment potential, making them attractive to high-net-worth individuals.

How are developers and real estate firms responding to the growing demand for ultra-luxury properties?

Developers and real estate firms are responding to the growing demand for ultra-luxury properties by introducing more exclusive projects and tailoring their offerings to meet the preferences of high-net-worth individuals. This includes designing properties that blend seamlessly with their natural surroundings and offering high-end property management services.

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May 16, 2025
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