Luxebook November 2022

T H E G I S T N O V E M B E R 2 0 2 2 Indians love to invest in real estate. When the markets are volatile world over, as it is today, as the digital world shakes our everyday reality, the stability of gold and land attracts Indians like no other asset class. The risk-adjusted returns from investment in property have been superior to that from the stock market, if done right. LuxeBook turned its attention to the recent traction in the luxury real estate industry, analysing how it’s maturing, keeping pace with the growing numbers of India’s millionaires. We look at how home-owning options are diversifying with the rise in co-ownership as a concept, especially for holiday destinations and for second home. We spoke to industry experts on how Indians have been the fifth largest buyers of residential property in the US, and what destinations are coming up in the mix. Some celebrity homes provide dream house goals, and homes right out of the movies now converted into Airbnbs provide holiday inspiration. Payel Majumdar Upreti —Editor All about the location S O C I A L M E D I A ADVERTISING SALES Mumbai (022 - 6846 8500) Regional Manager (West) — Katty Gia (+91 98705 32295) • Senior Manager — Lamont Dias (+91 91674 14988) Delhi (011 - 4562 5810) Sr. General Mgr. (North) — Asha Augustine (+91 98182 80431) Kerala (+91 94140 69321) — Sanjai Krishnan Manager Mktg. Services — Salim B • Client Servicing Manager — Reshma Malvankar Founders — Marzban Patel / Anita Patel • Director Publishing — Indu Joshi • Chief Marketing Officer — Apeksha Mehta Editor — Payel Majumdar Upreti • Writers — Arushi Sakhuja, Schenelle Dsouza, Jade Crasto Creative Director — Muhammad Jaan Faruqui This magazine is printed by and produced by Mediascope Representation (India) LLP. Opinions herein are the writers’ and do not necessarily reflect the opinions of Mediascope. Editorial enquiries concerning the reproduction of articles, advertising and circulation should be addressed to: LuxeBook, Mediascope Representation (India) LLP., 51, Doli Chamber, Arthur Bunder Road, Colaba, Mumbai 400005, India. Email: Material in this publication may not be reproduced, whether in part or in whole, without the consent of the publisher.