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High End - Market Trends


Living Gopal Rao


is high or they prefer to live in the suburbs in a large-sized villa in a gated community with best-in-class amenities and fa- cilities so that they get a feel of exclusivity.” The resurgence of the Indian economy and devel-


opment of IT and SEZ projects has triggered the demand for luxury homes. India is a grow- ing economy and the third largest in Asia.


Kamal Meattle, CEO of Paharpur Business Centre, Nehru Place, New Delhi


Lifestyle aspirations are high, and earning capacities are increasingly matching these aspirations. “The fulfillment of lifestyle aspirations is not viewed as separate from the source of the revenue that enables it - be it driven by salaries or business turnover. This has led to a rather unique concept of luxury housing in India. With changing trends, the meaning of luxury has changed. Today the luxury product is present across all segments,” says T. Chitty


Babu, Chariman and CEO, Akshaya Pvt. Ltd.


The concept of luxury has changed over the years and


T. Chitty Babu, Chariman and CEO, Akshaya Pvt. Ltd


GIREM 101 35


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