India's luxury housing market booms as young affluent buyers seek to invest

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India's residential real estate sector saw remarkable growth last year, driven by young affluent Indians with rising disposable income. More are demanding bigger homes and investing in high-end units, with the expectation of even greater returns. With an estimated combined spending power of over US$330 billion, millennials -- who make up 36% of India's population -- accounted for 54% of homebuyers in 2023. Priyata Brajabasi reports.

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