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Property Market is Seeing Boom in Luxury Housing

As we have stated earlier also is that property is one thing which will remain in bullish mode as area remains the same and population is growing exponentially.

Now people are more than competent enough to afford the luxury housing which is getting more opulent and customer-specific with niche players trying to grab a share of the expanding market. The luxury housing is one field which is driven by corporate honchos, expatriates and high net worth individuals.

Thus if you have the money and want to have a residential property, than one can go for the luxury houses but it comes at a price and luxury housing is going to be spread across top seven cities by 2014 with 60% concentration in these 7 cities.. Can you make a guess that which are these seven cities? Not withstanding that 5 are clearly visible and these are our metros namely Mumbai, Calcutta, Delhi, Chennai and Bangalore. Now fight is for next two cities which will be clear by year 2013 as many cities are vying for these positions.

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