Financial Express - Mastering the essentials of luxury real estate investment in India
Homebuyers don’t buy luxury homes just for a status symbol or lifestyle enhancement; they often buy them not only as investments to maximise long-term wealth but also as residences to enhance their quality of life. Integrating smart home technology and green, sustainable design elements can likewise increase property prices by up to 20%. According to a survey, 71% of wealthy Indians have expressed a keen desire to invest in Indian luxury real estate for the next 12–24 months.
The Indian luxury real estate market, valued at $38.02 billion, is on an upward trajectory, with projections to reach $101.92 billion by 2029. As a result of this growth, the compound annual growth rate (CAGR) over the period 2024-2029 is 21.81%. Although luxury real estate may seem like a lucrative opportunity, it is important to understand and master the essentials before pouring into this market.
