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India's ultra-rich class betting on luxury properties

Luxury housing sales in Mumbai and Pune were the highest in four years in 2021 and may set a new record in 2022, according to a joint report by India Sotheby's International Realty and CRE Matrix. According to this, 1,214 luxury residential properties worth ₹20,255 crore were sold in Mumbai in 2021, compared with 598 units worth ₹9,872 crore in 2018.

from Industry-Economic Times
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