Luxury real estate witness boom in this economy - 0 views
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Purvi Joshi on 08 Oct 13Actually the reason is all the luxury residential projects now target towards high-income group of buyers, who can afford the high-priced units. Hence the real estate in India is running slow in the recent times, it offers a lucrative investment opportunity for NRIs and HNIs (high net worth individuals). The luxury segment seems to offer good returns for foreign as well as domestic investors. As per market experts, consumers in India tend to invest more especially when the rates are under pressure, which have contributed to the rise in sales of luxury units.
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Purvi Joshi on 08 Oct 13Actually the reason is all the luxury residential projects now target towards high-income group of buyers, who can afford the high-priced units. Hence the real estate in India is running slow in the recent times, it offers a lucrative investment opportunity for NRIs and HNIs (high net worth individuals). The luxury segment seems to offer good returns for foreign as well as domestic investors. As per market experts, consumers in India tend to invest more especially when the rates are under pressure, which have contributed to the rise in sales of luxury units.