Luxury real estate market to see growth in 2022-23: Is it the right time to invest?

Luxury real estate market is expecting to see a fresh wave of investment which had been slowed down due to the pandemic. Not only in India but across the world we are witnessing growing demand, which is expected to improve markets that had taken a setback due to the long spell of the pandemic.

HNI’s had primary concerns like no income generation or return on investment due to extended periods of lockdown. But this year, 2022, which has seemingly started on a positive note for both, real estate and luxury real estate market will hopefully change all that for good.

Market analysts are of the opinion that high-value buyers who are constantly looking out for high-end properties go for established builders with a confirmed monitor document. A sensible move since buyers don’t wish to run into any bother as a result of procedural flaws from builders’ aspect.

The key defining factor behind purchase of luxury real estate, which will strengthen the trend in 2022-23, is investors’ affinity towards business segments. Major cities that have so far attracted these kinds of investments have been preferred destinations as they have abundant opportunities for generating financial income due to daily ongoing business. These properties are looked at as direct investment generation by having ready-to-move-in and stay facilities. Additionally, recent fall of the rupee has been an added advantage for NRIs as an added investment opportunity for properties in India.

Experts believe that owing to the supply chain issues due to the pandemic, supply of high-end luxury properties might take a bit to pick up, but the market is resurgent, and fence-sitters are no longer ready to wait.

Luxury market investors are reaping benefits of low-interest rates and availing loans to invest in properties of high value. Low returns in traditional investment instruments such as Gold, Fixed Deposits, and Equity markets are leading luxury investors to look towards the luxury real estate market.

Year 2022 has so far begun on a positive note which will provide for steady growth of not only this segment but also overall growth of the real estate segment which will gradually pick up with the recovery cycle.

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