Existential crisis for Luxury Developers The Luxury Real Estate market throughout the last few years has observed growth in demand due to the increase in the number of high profits worth individuals in our country. As per a study published in 2019, India possesses of 2,697 ultra-net-worth individuals (each individual with $30 million’s worth). The growth percentage was 118% between 2013 and 2018. It was expected to grow by another 37% between 2019 and 2024. According to the most excellent Wealth Report from Knight Frank, India had the most increase in the number of ultra-net-worth individuals in 2018. Bangalore is assumed to be the chief city in terms of UHNI growth. Such figures are clear indicators of the potential, luxury housing holds in our nation. This year trends show a high chance of a plummeting scenario for this market in terms of prices. New launches are currently on hold. This will make the luxury home developers focus their ...