The luxury real estate sector is experiencing an unprecedented boom, driven by a rising number of high-net-worth individuals, strong capital market returns, and an expanding startup ecosystem, as detailed in a report from Elara Capital. Since the beginning of the Covid-19 pandemic, luxury properties, those priced over Rs 30 million, have expanded their share in Tier 1 cities by 10 percentage points from FY20 to FY24.
Luxury Real Estate Boom: Unyielding Demand Drives Growth
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