Business Description
The paradigm of luxury has surely evolved as it no longer restricted to good infrastructure, locality, and connectivity. With the rise in the population of HNI's, India is gaining stature as an economic power, thus encouraging higher stakes in the luxury housing segment. According to Knight Frank Wealth Report 2019, India has observed a sharp rise of 116 per cent in billionaire population between 2013 and 2018 and the 39 per cent growth is expected in the next five years. Also, due to various relaxation in business establishment procedures along with the ease of doing business (EoDB) in India, several international players and MNC's have been seen making their way in the Indian market. This development is one of the major reasons for the upswing in the demand of luxury houses.
