Many people want to upgrade their homes after the COVID-19 pandemic confined them indoors, industry executives say. "I haven't seen such a mad rush in a decade," said Prashant Thakur, head of research at real estate consultant Anarock. We are getting more calls and as the available inventory is low, luxury properties are being sold quickly nowadays," said Amit Goyal, India CEO at Sotheby's International Realty. Mercedes sold a record number of high-end cars in India last year and luxury goods are in high demand too. So far, around 160 people were invited for a viewing and 17 of 46 flats sold in the eight-storey project.

Source: The Express Tribune March 07, 2023 03:25 UTC