outlookbusiness.com-How India Can Bridge the Luxury–Affordable Housing Gap? Anarock's Aayush Puri Explains
India’s luxury housing market is witnessing rapid growth, driven by strong demand from high-net-worth individuals (HNWIs), and non-resident Indian (NRI) investors. A recent report by GRI Club stated that the sector is outperforming expectations and is set to record its third consecutive year of unprecedented sales.
In 2024, the sales of luxury homes more than doubled across top cities which pushed property prices even in peripheral areas. However, this surge in luxury development is straining mid-income housing availability, leading to affordability and supply concerns.
