India’s premium residential market increases with the increasing demand for luxury places

New Delhi [India],

In particular, Tier -2 and Tier -3 have 12 percent of these projects in cities, indicating changes in buyer preferences and market focus. Cities like Chandigarh, Ludhiana, Kochi, Indore and Ahmedabad have emerged as a strong player in the luxury real estate segment due to rapid urbanization and increased infrastructure.

Buyers rich in these developing cities are looking for habitats that offer specificity and high end facilities.

This innings is also operated by increasing disposable income and investment increase from NRIS. For example, Punjab is once known for its manufacturing and trade, the city is now emerging as a center for luxury residential enclaves, premium retail places and world -class commercial development.

As the demand for Upskale living and modern infrastructure increases, major developers are taking steps with innovative projects that fulfill the developed aspirations of residents and investors equally. These new developments such as Wilson and ‘M Square’ by Malhotra Realty are focusing on offering world-class features such as integrated five-star hospitality, high end retail experience and green arms.

Wilson, ’12-Acade luxury development on Hambran Road, 550 premium resident by Marriott Hotel and five star in the courtyard, while’ M Square ‘, 50,000 square feet on Gushala Road. The shopping hub provides modern retail, food and entertainment experiences.

According to Meenu Malhotra, founder and president of Malhotra Group PLC (UK), these projects are not only about brick and mortar, but aiming to increase the city’s stature on the global stage with careful designed places that redefine the city landscape. With the plan of more development, cities like Ludhiana are set to emerge as a major premium real estate hotspot in North India. (AI)

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