Things are looking up in the luxury housing segment. Sales almost doubled between the January and September 2023 period as against the previous year, to 9,200 units from 4,700 units, respectively, according to CBRE. What’s behind this luxury housing boom?

Demand drivers

A growing economy and rising aspirations have spurred an increase in lifestyle investments, especially by HNIs and NRIs seeking stability amid global economic uncertainties, according to Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE.

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