Luxury housing will set real estate trend for 2023: Expertsn
Experts in the real estate sector said the luxury housing market, which had been dominating India's realty scene for two years, will continue through 2023.
Real estate consulting firm CBRE South Asia in a report revealed that India's luxury housing market recorded a 151 per cent increase year-on-year (YoY) in the first quarter of calendar 2023.
Aditya Kushwaha, Chief Executive Officer and Director, Axis Ecorp, said, "In the post-pandemic world, the interest in homeownership has increased overall. The luxury housing market has been dominating the real estate trends for the last two years, and the same is being reflected in 2023 as well."Kushwaha said that they have seen a spike in the interest levels for our projects Axis Yog Villas and Axis Lake City and added, "Additionally, a lot more emphasis is being attached to amenities and better living standards, and there is far greater demand for holiday homes and villas, independent floors and plotted development."According to another expert, luxury homes will clock a similar growth trajectory for the rest of 2023.
