💨 Abstract

The Elara Capital report predicts sustained demand for luxury real estate in Tier 1 cities, driven by a rising HNI population, strong capital market returns, and a growing startup ecosystem. Since the Covid-19 pandemic, luxury real estate (properties priced over Rs 30 million) has increased by 10 percentage points in Tier 1 cities, leading to higher average pricing and stable construction costs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖