The Indian real estate sector has witnessed lots of ups and downs in the past few years amid economic instability and high interest rates on home loans. While a huge pile up of inventory and slow sales become a major challenge for the ailing sector, the luxury property segment is the one that registers steady growth over the past few quarters despite slowdown.
Premium properties in India have seen a steady appreciation in prices with more and more people are getting attracted towards the luxury segment in the past few years. According to the Knight Frank Wealth Report 2015, the ultra rich Indians invest nearly 50 per cent of their total wealth in the real estate sector, the highest across the globe, followed by the Australians at 42 per cent. The report states that premium real estate properties are the first choice for investors looking to capitalize maximum benefits. The recent developments led the real estate developers too shift their focus to build premium projects with world-class infrastructures and modern amenities.
The Indian real estate sector has witnessed tremendous growth in the luxury property segment with annual price rise of 30-40 per cent across all major cities including Mumbai, Bangalore and Gurgaon. While the global real estate market has been facing turbulence for the last couple of years, the Indian real estate sector has shown great confidence owing to strong economic fundamentals and positive market sentiments here.
Due to fast depleting land parcels and limited availability of prime locations, the luxury property segment tends to give better returns on investment even when the demand is low. Similarly, properties offered by reputed builders are appreciated more by the buyers than those offered by newcomers.
Mr. Anil Mithas, Chairman & Managing Director at Unnati Fortune Group says, “The buyers for luxury real estate properties are usually not dependent on loans and therefore are unaffected by high interest rates or other economic factors. With the increasing demand for premium real estate projects, the luxury property segment will surely become the most trusted real estate destination for investment in India.”
Premium properties in India have seen a steady appreciation in prices with more and more people are getting attracted towards the luxury segment in the past few years. According to the Knight Frank Wealth Report 2015, the ultra rich Indians invest nearly 50 per cent of their total wealth in the real estate sector, the highest across the globe, followed by the Australians at 42 per cent. The report states that premium real estate properties are the first choice for investors looking to capitalize maximum benefits. The recent developments led the real estate developers too shift their focus to build premium projects with world-class infrastructures and modern amenities.
The Indian real estate sector has witnessed tremendous growth in the luxury property segment with annual price rise of 30-40 per cent across all major cities including Mumbai, Bangalore and Gurgaon. While the global real estate market has been facing turbulence for the last couple of years, the Indian real estate sector has shown great confidence owing to strong economic fundamentals and positive market sentiments here.
Due to fast depleting land parcels and limited availability of prime locations, the luxury property segment tends to give better returns on investment even when the demand is low. Similarly, properties offered by reputed builders are appreciated more by the buyers than those offered by newcomers.
Mr. Anil Mithas, Chairman & Managing Director at Unnati Fortune Group says, “The buyers for luxury real estate properties are usually not dependent on loans and therefore are unaffected by high interest rates or other economic factors. With the increasing demand for premium real estate projects, the luxury property segment will surely become the most trusted real estate destination for investment in India.”