India stands as an outlier in the global real estate market, which is just returning to normalcy with some uptick in transaction volumes, the confidence coming back with prospects of a reduction in interest rates. “The best performing markets in our network at the moment are India and the Middle East,” Knight Frank’s Senior Partner and Group Chair, William Beardmore-Gray told businessline.
Goa, a beautiful coastal state on India’s west coast, has always been a popular tourist destination. But lately, it’s become a hot spot for a different kind of visitor: the luxury home buyer.
The premium segment has nearly doubled its share of total sales, though the affordable segment continues to hold strong. The surge in luxury sales indicates a growing demand for high-end properties, potentially driven by strong economic performance and wealthy investors.
India’s real estate market is witnessing a seismic shift, with the luxury housing segment experiencing an unprecedented surge in demand. Factors such as rising incomes, growing aspirations for upscale living, and a preference for modern amenities have propelled this transformation, resulting in a boom in luxury home sales across the country.
