Super Rich Indians Invest Half Their Money In Real Estate

Luxury home market featuring homes with designed interiors and exteriors, centralized management of facilities in cities like Mumbai is growing at a modest 5-6 per cent rate said Anuj Puri, Chairman and Country Head, Jones Lang LaSalle, an international real estate consultancy. “These factors have high appeal value, especially to buyers who have seen such homes abroad and aspire to live at such levels,” he added.

Another trend witnessed in the realty industry is, people who owns land are not willing to go for direct sale. Instead, they are collaborating with a builder, doubling the investment on land and infrastructure to get higher returns. The alternative of lending money to builders instead of buying property directly is also trending.

However, the Indian real estate market is lot less wild when compared to those across the world. Government intervention was needed to rein mounting prices in regions like Hong Kong, China and Singapore and property prices in Jakarta and Bali in Indonesia surged over 37 per cent and 22 per cent, respectively, in 2013.

With the shift in the government, the players in the industry are expecting real growth and change in policies making business smooth and reviving the industry to better levels.

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