If you are scouting for a property deal in the luxury segment, strike now

If the current uptrend in demand persists, prices could begin to inch up

The entire real estate market witnessed a slowdown starting from 2014-15 (the starting date and severity would vary in different parts of the country), with the luxury segment being among the worst affected. However, the segment appears to have turned around in recent months. If you have been scouting for a high-end property, this is a good time to close a deal. If current trends persist, prices could only head north from today’s levels.

Turnaround in luxury

Real estate consultancies that deal primarily in luxury housing have seen an uptick in their business. “The revenue of our India business grew