31 May 2020
At any given point in time, and regardless of economic conditions, there will always be people who are not content with just any kind of home. As a result, the demand for luxury homes in India may rise and fall — but it never goes away.
It is driven by the rising standard of living and increasing disposable income among entrepreneurs, corporate executives, and software professionals, and the scions of traditionally wealthy families. They want more than just four walls and a parking slot.
Is it just a thirst for the good life, or perhaps a case of too much money in their hands? Not quite. Indian luxury home buyers have sound reasons for choosing to live in premium rather than ‘normal’ homes: