India is a country with a rich and diverse culture, a burgeoning economy, and a rapidly growing middle class. As the country’s economy continues to expand, so too does the demand for luxury real estate. From posh neighbourhoods in major cities to idyllic country estates, there has never been a better time to invest in luxury property in India.
One of the most sought-after locations for luxury real estate in India is Mumbai, the country’s financial capital. Mumbai is home to some of the most exclusive neighbourhoods in the country, including Malabar Hill, which is known for its stunning views of the Arabian Sea and the city skyline. Here, buyers can expect to find spacious apartments with modern amenities and plenty of outdoor space.
Another popular neighbourhood in Mumbai is Bandra, which has become a favourite among the city’s elite. Bandra is known for its trendy cafes, boutique shops, and upscale restaurants, as well as its proximity to the beach. Properties here range from high-rise apartments to sprawling villas, with many featuring private pools and gardens.
In New Delhi, the country’s political capital, the luxury real estate market is also booming. One of the most prestigious neighbourhoods in the city is Lutyens’ Delhi, named after Sir Edwin Lutyens, the British architect who designed much of the city’s government buildings. Here, buyers can find some of the most opulent homes in the country, complete with sprawling lawns, grand entrances, and private swimming pools.
Other sought-after neighbourhoods in New Delhi include Jor Bagh, which is known for its green spaces and quiet streets, and Golf Links, which is home to some of the city’s most exclusive clubs and golf courses. Properties in these neighbourhoods often feature modern amenities such as home theatres, gymnasiums, and home automation systems.
Outside of the major cities, luxury real estate in India can be found in stunning natural settings such as the Himalayan mountains or the beaches of Goa. In Shimla, a hill station located in the foothills of the Himalayas, buyers can find grand colonial-style homes with panoramic views of the surrounding mountains. In Goa, beachfront villas with private pools and direct access to the sand are highly sought-after.
One trend that has emerged in the luxury real estate market in India is the demand for sustainable and eco-friendly properties. With concerns about climate change and the environment on the rise, many buyers are looking for homes that are built using sustainable materials and incorporate renewable energy sources. Developers are responding to this demand by building homes with features such as solar panels, rainwater harvesting systems, and green roofs.
Of course, all of this luxury comes with a hefty price tag. According to a report by Knight Frank, a global real estate consultancy, the average price of a luxury home in Mumbai is around INR 60 crore ($8.1 million). In New Delhi, the average price is slightly lower at around INR 50 crore ($6.7 million). However, for those who can afford it, luxury real estate in India offers a unique and highly desirable lifestyle.
One factor driving the demand for luxury real estate in India is the country’s growing middle class. As more and more people move up the economic ladder, there is a greater demand for high-end homes and amenities. Another factor is the increasing number of high-net-worth individuals in the country. According to a report by Credit Suisse, the number of millionaires in India is expected to increase by 71% over the next five years, from 759,000 in 2020 to 1.3 million in 2025.
Despite the high prices, the luxury real estate market in India shows no signs of slowing down. In fact, some experts predict that the market will continue to grow as more people seek out the exclusivity.
