Business Standard

At home in super luxury: the rise of a real estate trend

The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country

housing, real estate, luxury
Premium

Luxury homes are the investment choice of India’s super rich. (Stock photo)

Namrata Kohli
The rich and famous are making a safe investment bet: super luxury homes. Tata group chairman N Chandrasekaran this year bought a duplex for Rs 98 crore in Mumbai, actor Madhuri Dixit-Nene bought an apartment worth Rs 48 crore in the same city, and Infosys co-founder Kris Gopalakrishnan purchased twin properties in Bengaluru worth Rs 76 crore.

“Liquidity from capital gains including stake sale, start-ups, IPOs, dividends, stock market is driving demand for luxury homes. Large homes in posh areas, large size plots, bungalows, farmhouses are showing highest traction,” said Amit Goyal, chief executive officer (CEO) of India Sotheby’s International

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 07 2022 | 4:25 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com