India's luxury housing market booms as young affluent buyers seek to invest
India's residential real estate sector saw remarkable growth last year, driven by young affluent Indians with rising disposable income. More are demanding bigger homes and investing in high-end units, with the expectation of even greater returns. With an estimated combined spending power of over US$330 billion, millennials -- who make up 36% of India's population -- accounted for 54% of homebuyers in 2023. Priyata Brajabasi reports.
India's residential real estate sector saw remarkable growth last year, driven by young affluent Indians with rising disposable income. More are demanding bigger homes and investing in high-end units, with the expectation of even greater returns. With an estimated combined spending power of over US$330 billion, millennials -- who make up 36% of India's population -- accounted for 54% of homebuyers in 2023. Priyata Brajabasi reports.
