The Luxury Housing Market in India: A Sustainable Growth Story?
The luxury residential market in India has experienced substantial growth over the past three years, driven by rapid urbanisation, increasing disposable incomes, and changing lifestyle aspirations.
Luxury HousingReal EstateIndiaSustainabilityGrowthReal EstateOct 05, 2024
According to a report by Knight Frank India, the luxury housing segment has recorded a sustained rise in its market share (sales) starting Q3 2022, with 46% of the total home sales across the top eight cities in India concentrated in this category.
However, experts warn that the complete dependency on the upper end of the market is not a sustainable development from a long-term perspective.
Frequently Asked Questions
What is driving the growth of the luxury housing market in India?
Rapid urbanisation, increasing disposable incomes, and changing lifestyle aspirations are driving the growth of the luxury housing market in India.
Is the luxury housing market in India sustainable in the long term?
No, experts warn that the complete dependency on the upper end of the market is not a sustainable development from a long-term perspective.
What is the contribution of non-resident Indians (NRIs) to the Indian real estate market?
NRIs are increasingly investing in the Indian real estate market, driven by emotional ties and fiscal prudence, and are expected to comprise a 20% share in the country's total real estate investments by 2025.
What is the outlook for real estate prices in India?
Real estate stakeholders across the spectrum foresee a sustained rise in real estate prices, including in the luxury segment, going forward.
What should investors consider when investing in a luxury housing project?
Investors should understand the neighbourhood, be clued into investment, financing, and taxation-related issues, and prioritize quality and exclusivity.
Related News Articles
The Technology Driving Timely Delivery in Mumbai's Real Estate: A Closer Look at Atharv Lifestyle
Building trust in Mumbai's competitive real estate market is a challenging task. Homebuyers and investors are becoming increasingly wary of grand promises. Atharv Lifestyle has managed to stand out by leveraging cutting-edge technology to ensure timely delivery and premium living experiences.
Key Markets See 128% Rise in Capital Appreciation, Outpacing Rental Growth
Key real estate markets are witnessing a significant surge in capital appreciation, with a 128% rise that is outpacing rental growth. This trend highlights the growing interest in property investments and the potential for long-term gains.
Delhi-NCR Attracts Maximum Real Estate Investment in First Half of 2023
Delhi-NCR received the highest real estate investment, followed by Bengaluru, Hyderabad, Chennai, Pune, and Mumbai.
Housing Market Slumps: Supply Drops by 34%, Sales Fall by 23% in Q1CY25
The housing market in India's top nine cities has seen a substantial decline, with supply falling by 34% and sales dropping by 23% in the first quarter of the current year. Key cities such as Mumbai, Delhi-NCR, and Bengaluru have experienced significant s
How Rich Americans Save on Taxes by Gifting Stock and Real Estate to Their Parents
Selling appreciated assets like stock and real estate can result in high capital gains taxes. However, wealthy individuals can save significantly by gifting these assets to their parents, inheriting them back, and then selling them.
Mahindra Lifespaces Secures ₹950 Crore Redevelopment Contract for Three Mumbai Housing Societies
Mahindra Lifespaces has secured a ₹950 crore redevelopment deal for three prestigious housing societies in Mumbai. This significant contract marks a major milestone in the company's expansion in the real estate sector.