The Indian real estate market has seen a significant surge in prices, with average prices for new launches in top 10 cities increasing by 88% in the last five years. This trend was highlighted in a recent report by PropEquity, a real estate data analytics firm.
Factors such as massive infrastructure development, increased interest from non-resident Indians (NRIs), high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs), stock market gains leading to wealth creation, rising homeownership sentiments, and a shift towards luxury and super-luxury homes have all contributed to this steep rise.
