Demand for luxury homes in India is surging, driven by NRIs, evolving lifestyles, and festive offers. Major cities see high demand for homes exceeding ₹20 crore, prompting developers to launch luxury projects.
NRI investment in Indian real estate is booming, driven by strong remittances and the market's stability. Major developers are witnessing a significant increase in NRI sales, particularly in cities like Mumbai, Ahmedabad, and Goa.
Indian developers are increasingly hiring foreign architects for their projects, seeking a global perspective and expertise. While this offers advantages, some raise concerns about foreign firms' understanding of Indian business complexities.
Binani Cement is exploring long-term cement supply contracts with developers including Raheja and Hiranandani, potentially reshaping industry standards.