In an interview with news18.com, HCBS Developments Chairman Bhupinder Singh from Gurugram explains the factors behind the luxury housing boom, the role of infrastructure developments like the Dwarka Expressway, and branded residences gaining popularity.
As India’s real estate market continues to evolve, 2024 has emerged as a year of impressive growth, especially in the luxury housing segment. Premium properties, branded residences, and exclusive apartments are gaining traction following a post-pandemic robust economic recovery and growing demand from high-net-worth individuals (HNIs).
Bhupinder Singh, Chairman of Gurugram-based real estate company HCBS Developments, in an interview with news18.com, explains the factors driving the surge in luxury housing, the role of infrastructure developments like the Dwarka Expressway, and the growing popularity of branded residences among India’s affluent buyers. Edited quotes:
It is said that 2024 will see a solid recovery of India’s realty sector due to growth in the overall economy, the picking up of property demand in houses and offices, and, in fact, an increase in high-value investments, including luxury housing space.
In those areas where good infrastructure, easier connectivity, and building confidence are all showing upward sentiments, like Delhi/NCR, Mumbai, and Bengaluru, the prices went high, too. The luxury segment has been particularly strong, with branded residences and other upscale projects gaining popularity due to buyers’ growing wealth profile and a demand for exclusivity.
