Here’s why luxury housing is gaining traction:

Here’s why luxury housing is gaining traction:

Demand for larger apartments has gone up after the pandemic, while builders have also increased their profits from the sale of luxury homes.

Luxury housing in India is in the midst of a multi-year rally, and real estate developers are cashing in on the increasing demand.


The higher realisation (price per square foot) for developers reflects the preference for bigger and premium homes, said experts.

adding that the buyers are mostly those who want to upgrade to larger apartments.

A recent report by Anarock noted that unsold units in the luxury segment were priced above Rs 2.5 crore.

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At the end of March 2019, the unsold stock was about 23,130 units.