WHY ARE UPSCALE HOMES GAINING POPULARITY IN INDIA?

The increase in luxury real estate is mostly a result of rising middle-class affluence and an increase in high-net-worth individuals (HNIs) in India. As their incomes and disposable income rise, more and more Indians are keen to invest in premium real estate that offers an opulent lifestyle. The expanding urbanisation trend in India is also a driving force behind the development of luxury real estate, according to an expert analysis by Ashish Aggarwal SpaceMantra. As more individuals move to cities, the demand for luxury housing options, such as luxury flats and villas, has skyrocketed. Developers are fully utilising this pattern and shift in Indians' lifestyle demands after recognising it. There are a few main causes behind the increase in demand for luxury homes and estates. First and foremost, after witnessing the pandemic, Indians today choose to enjoy life rather than put money away for the future. Indians now choose to reside in thriving communities with excellent schools for their children, outdoor swimming pools for summer gatherings, and shopping centres nearby. They also expect modern conveniences to be included in the living area.