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Luxury properties make a good bet, but only if you are buying for self use

Don't get into high-end homes to make quick money, as the market is currently witnessing a correction and there is less capital appreciation in the short term

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Vinod Behl
Badly bruised by the long slowdown in real estate, further precipitated by the disruption caused by key reforms of demonetisation, RERA and GST, luxury real estate is showing signs of recovery, albeit with a little difficulty.

While the year 2018 saw some recovery in residential real estate, with pick up in affordable housing, luxury housing is still struggling to stage a comeback. The market statistics are a pointer to this. 

According to data for January-October 2018, a total of 10,591 luxury units were sold in top nine cities. The data compiled by real estate research and advisory Meraqi shows

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First Published: Dec 28 2018 | 11:54 AM IST

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