Luxury real estate has emerged as the most preferable investment class among homebuyers, as evident from a recent Anarock report, which stated that there has been a 230% rise in the new launches in the luxury real estate category, priced over Rs 1.5 crore. Luxury properties have also reported a tremendous increase in sales across India’s top seven cities in Q1 2022 compared to Q1 2020.
In addition to that, modern-day luxury projects have acquired significant NRI investments. A 360 Realtors report suggested that NRI investments accounted for $13.1 billion in 2021 in the realty zone and are pegged to increase by 12% in 2022. NRI investment is mainly driven by two real estate classes, Luxury projects and Holiday Homes.