Review 2022: Luxury Real Estate InIndia Grew Impressively In 2022

The real estate market in India grew at a phenomenal pace in 2022. It was during this time that as much as 67% of the HNIs in India was inclined to purchase luxury real estate. A large number of wealthy people purchased multiple properties in India in 2022. The development and sales of luxury real estate picked up significant pace in 2022. In the last couple of years, an increasing number of HNIs have purchased properties in India.

Here are some of the reasons that explain this spike in the demand for luxury homes in India.

A better lifestyle

The HNI population has been looking for a better lifestyle. This explains why they are investing in luxury projects in India. In most of these residential estates, builders have come up with a superior plethora of amenities. There has been a significant change in the way people enjoy their lives. Besides, they expect better amenities to leverage their respective lifestyles. All the luxury projects come with an exclusive suite of amenities. This elevates the quality of lifestyle for the residents.

 Tax saving benefits

Among the buyers of luxury residential projects, there’s a significant chunk of founders of start-ups. After making a stake sale, they have cashed out. Luxury real estate turns out to be a lucrative deal for these people. With high-end properties, they can elevate the quality of their lifestyles. Besides, investing in luxury real estate helps them to make a significant saving on taxes. Currently, the tax regime in India provides property owners with lucrative opportunities to save tax, considering the high prices of luxury real estate.

Attractive ROI from real estate

HNIs have been enthusiastically investing their money in the real estate industry. After the economic slowdown in recent years, they have been looking forward to invest in real estate. In the luxury real estate sector, returns look impressive for the investors. This explains why they are willing to channel their funds into luxury real estate.