Luxury Property Buying Surges Amid Rising Disposable Income In India: Report
NDTV
There has been a surge in the sale of properties valued Rs 1 crore and above across top cities and in the first quarter this year, these premium properties constituted 37 per cent of all transactions -- a significant rise from 16 per cent in the same period in the pre-pandemic 2019.
With disposable income continuing to rise amid changing lifestyle preferences, more and more Indians in metros are purchasing high-value, premium properties than ever before.
There has been a surge in the sale of properties valued Rs 1 crore and above across top cities and in the first quarter this year, these premium properties constituted 37 per cent of all transactions -- a significant rise from 16 per cent in the same period in the pre-pandemic 2019.
According to a report by PropTiger.com, owned by REA India, there has been a substantial growth (50-55 per cent) in demand within the Rs 1-Rs 5 crore price bracket in the January-March period this year.
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