Bhavik Bhandari, CSMO, Ashwin Sheth Group

The luxury real estate landscape in India is in the midst of a remarkable transformation. With an estimated Compound Annual Growth Rate (CAGR) exceeding 5 per cent expected in 2023-2028, it’s evident that the demand for high-end residential properties is on the rise. The allure of opulent living spaces, cutting-edge amenities, and prime locations has attracted the attention of investors, both domestic and international. India is not just witnessing a change in aspirations among its populace; it’s also becoming a global hotspot for upscale real estate investments.

The luxury real estate landscape in India is in the midst of a remarkable transformation. With an estimated Compound Annual Growth Rate (CAGR) exceeding 5 per cent expected in 2023-2028, it’s evident that the demand for high-end residential properties is on the rise. The allure of opulent living spaces, cutting-edge amenities, and prime locations has attracted the attention of investors, both domestic and international. India is not just witnessing a change in aspirations among its populace; it’s also becoming a global hotspot for upscale real estate investments.
Narrowing it down to regional preferences, 24% of NRI investors are inclined towards Mumbai’s realty sector, showcasing it as a “preferred destination” for high-end property investments . This underscores the influential role that NRIs play in steering the industry’s trajectory, with implications extending to area-based choices as well.

So, what’s behind this growing trend of NRIs investing in luxury real estate in India?

Read more “Unlocking the Potential of Luxury Real Estate: Why NRIs are investing in Mumbai”