The amazing rebound of uber-luxury real estate
- Investors, high net-worth professionals and NRIs are mopping up gated communities and second homes
- There are signs of an uptick in pricing given the ballooning demand. The discounts developers doled out in the past to offload stock have started reducing
BENGALURU : In February 2018, Donald Trump Jr., the eldest son of former US President Donald Trump, zipped back and forth between Gurugram and Delhi, promoting The Trump Organization’s latest luxury residential project. The 250-unit ‘Trump Towers Delhi-NCR’ had just launched. In interviews with the media, he stressed on why being at the “world’s most powerful address" mattered. India’s wealthy had experienced luxury in Paris, London and New York, he argued. Now, they expect the best in their home market.