Luxury real estate in India is changing as high-net-worth people (HNIs) seek lifestyle experiences rather than simply properties. Indian billionaires are upgrading to ultra-luxurious living quarters that showcase grandeur, modern technology, and personal taste as their expectations rise.

In 2024, Mumbai sold 21 of 25 ultra-luxury properties in India's top 25 cities. HNIs and ultra-HNIs drove demand for mansions exceeding Rs 40 crore, worth Rs 2,443 crore. Mumbai, Hyderabad, Gurugram, and Bengaluru became luxury property hotspots as transactions increased.

Over the last two years, India's real estate business has seen record sales, increasing demand for construction and sales skills. Since competent workers are scarce, consultancy companies and developers are hiring new graduates from business schools.

Bengaluru has expanded by leaps and bounds, from being known as the garden city of India to today being renowned as the birthplace of the Indian IT revolution. High-net-worth people (HNIs) and non-resident Indians have made Bangalore their preferred location for luxury property investments.

In 2015, when Sotheby’s International Wealth Report guesstimated that, in the coming five years, India’s High Net-worth Individuals (HNIs) and the ultra-rich would pump in about one billion pounds annually in the UK real estate, it was received with skepticism.

Driven by positive indicators including rising demand, better rental yields and a wide choice, a growing number of investors including high net worth individuals (HNIs) are now increasingly moving towards investing their funds in commercial/office real es