CNBCTV18.com- Luxury real estate booms while mid-income housing faces headwinds
The Indian real estate market is witnessing a growing divergence between luxury and mid-income housing segments. While high-end properties continue to see strong demand, the mid-income segment is grappling with supply-side challenges and market saturation in key urban centers.
According to Gulam Zia, Senior Executive Director at Knight Frank India, the luxury real estate sector remains resilient despite recent stagnation in equity markets. "Most of the money flowing into real estate comes from stock market gains, particularly in the mid to high-end and luxury segments. Mumbai and Delhi have seen a surge in transactions of properties valued at ₹100 crore and above," Zia said.
