Thanks to available land in the suburbs, developing these projects with modern infrastructure in conjecture with nature becomes a selling point
Luxury real estate enthusiasts are curious about what this year holds. With the last few years spent in an economic lull, the real estate sector was forced to take a step back in time. Owing to a shortage of resources, labour, and the economic downfall, this was a period of reconsideration and innovative thinking for developers globally.
When we look at patterns in luxury real estate investment in 2022, high-net-worth individuals, who account for the majority of luxury real estate investors, have been moving to metropolitan regions. It is clear that this demographic, with its amassed wealth, is not only concerned with themselves, but also with generations to come. Also dominating the domestic real estate market are NRI investments, with them showing a preference for investing in long-term assets versus stocks and fin-tech. Adding to this, Baby Boomers (i.e. the population born between 1945 and 1964), significantly influence the luxury real estate market. Since their transition to retirement from 2010, the focal points of their interest include luxurious family homes and secondary homes.