Skip to content Skip to footer

Rush hour for millionaire homes

With the bull run in equities acting as a catalyst, India’s HNIs are back to buying multi-million dollar homes.

Not so long ago, homes sporting price tags in excess of $1 million (above ₹7.4 crore) were struggling to find buyers, due, in part, to a struggling economy. Since demonetisation in 2016, followed by the roll-out of the Goods and Services Tax (GST) in 2017 and the NBFC crisis in September 2018, the country’s real estate sector has seen a precipitous downturn. Now, thanks to a surging stock market, various Central and state initiatives, including a historic low interest rate regime, the demand for the segment is shifting north.

Notwithstanding Covid-19, India’s high networth Individuals (HNIs) are back to buying million-dollar homes — be it a 40th-floor apartment in Mumbai’s Lower Parel, a weekend home in the hills, or a bungalow in Lutyens’ Delhi.



Leave a comment

MahaRera Registration Number : A52000000488

Yellow Oak Realty©.  All rights reserved.

Your Real Estate Advisors

Welcome to Yellow Oak Realty

Contact Us Now!
Open chat
Greetings from Yellow Oak Realty!
YOR Team is happy to help you!
Please feel free to drop us a message, our team will be available from 11 am to 5 pm.