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News: Realty developers witness a surge in demand for luxury and super luxury homes-20-12-2020

https://economictimes.indiatimes.com/wealth/real-estate/realty-developers-witness-a-surge-in-demand-for-luxury-and-super-luxury-homes/articleshow/79833305.cms

Synopsis :-

The increase in the purchasing power of the NRIs coupled with a spike in the exchange rate of the US dollar will continue to encourage the sale of luxury realty, developers said.

New Delhi: Demand for luxury and super luury homes has risen as many high networth individuals (HNIs) and ultra HNIs are either upgrading or buying bigger houses taking advantage of the lower prices due to the pandemic, realty developers and brokerage rms said. Developers like DLF, Supertech, Central Park and M3M, which oer luxury properties, said they have closed multiple transactions ranging between Rs 2 crore and Rs 30 crore post the lockdown.

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