ndtvprofit.com-Sky-High Living: India’s Ultra-Rich Swap Bungalows For Penthouses
High-rise apartments have overtaken bungalows in the Rs 100 crore-plus segment, emerging as the preferred choice for India's ultra-luxury homebuyers. A report by JLL found that 65% of ultra-luxury home sales in the past three years were apartments, challenging the traditional preference for sprawling villas and standalone mansions.
Developers are responding to this demand by offering sky-high residences with resort-like amenities and exclusive privacy, making them the new status symbol for the country’s wealthiest buyers, according to Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.
