5 days, 18 hours ago
Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol
India TV NewsThe year 2024 marked a significant shift in India’s real estate market, with luxury homes emerging as the ultimate status symbol for the country’s wealthy. Record-breaking deals across cities This year witnessed record-breaking transactions in the luxury real estate market. Several factors are driving the affluent class towards luxury real estate: Wealth growth: The 2024 Hurun Rich List reported a surge in wealthy individuals, with 1,539 Indians now boasting a net worth of Rs 1,000 crore or more. Luxury goes global Indian billionaires are also making high-profile international acquisitions, including Pankaj Oswal’s Rs 1,649 crore purchase of Villa Vari in Switzerland.
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