MEDIA COVERAGE
February 9, 2023
Luxury Residential Dwelling: A Trend On Rise In India
Mr Rakesh Reddy, Director , Featured Article on Construction Week Online
Over the past three years, there has been a noticeable change in the Indian luxury residential real estate market, going from a status symbol to a necessity. The majority of customer preferences now are for homes with ample space, private outdoor spaces, and complete social infrastructure. One of the fastest-growing areas is luxury houses, which are in high demand due to homebuyers’ increased emphasis on space, security, and comfort.
In India, the demand for 3BHK and greater living spaces has increased as more people choose to work from home. This is because homebuyers want to set up a private workspace within their residences. Luxury projects that provide plenty of space and seclusion for the entire family are growing increasingly popular among homeowners as the possibility of remote work is increasing.
Homebuyers are increasingly exploring luxury real estate purchases outside of urban areas and towards tier 2 and tier 3 locations as a result of the growth prospects for remote employment. The reverse migration and decentralization tendency will probably cause the luxury market to grow rapidly.
Not just that, owning a luxury home is now viewed as a viable investment, providing both comfort and financial stability, in addition to capital growth and long-term security. Speaking further about the changing behavior of aspiring homebuyers, our Director Mr. Rakesh Reddy has elaborated on the same. To know more about this, click on the link below.
