India’s luxury housing market is growing at an impressive rate. According to recent reports, the segment has seen a surge in sales in the past year, growing by as much as 25 percent over the corresponding period last year. In the first half of 2018, luxury housing sales grew by more than 15 percent, with many cities witnessing a jump in demand. Mumbai, Delhi, and Bangalore have been the top three cities driving this growth, accounting for over 60 percent of the total luxury housing sales in the country.
The surge in sales of luxury homes is being driven by several factors. The country’s improving economic conditions and the rising disposable income of the middle class are two of the primary drivers. Additionally, the government’s focus on infrastructure development has spurred the growth of many cities, which has in turn increased the demand for luxury housing.
Real estate developers are also playing a key role in the growth of the luxury housing market. They are introducing new projects to meet the rising demand and are offering attractive incentives such as discounts and financing options to buyers. This has made it easier for buyers to purchase luxury homes and has helped fuel the growth of the market.
Overall, India’s luxury housing market is set to grow further in the coming years, with many developers looking to take advantage of the current boom. With economic conditions improving and the government’s focus on infrastructure development, this trend is likely to continue soon.