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National: Luxury residential projects in demand, revive Indian real estate market

Despite financial and economic crises across the globe, the Indian residential market has been relatively stable. A contributing factor towards this end within residential sector has been luxury residential projects. This indicates that the new age customers prefer high end properties which offer a lavish lifestyle besides property alone.

 

Clearly, there has been an increase in high net worth individuals (HNI) which has encouraged developers to launch housing projects which costs between Rs 1Cr and Rs 20 Cr.

 

If one reviews the number of such projects launched in major Indian City, it is noteworthy that Bangalore has launched over 50% of luxurious housing projects. Pune has contributed around 8%.

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