Request a demo for a perfect solution apt for your business. Take this journey with us to improved growth!

Success

Download Link Sent to Your Inbox

Make Your Luxury Home A Dream Come True

Zopper Team Industry Talk November 28th, 2023

India's luxury real estate housing is buoyant despite headwinds! Optimism in India’s luxury housing segment has soared, globally and domestically, thanks to healthy demand drivers and strong economic fundamentals, besides the obvious surge in financial inclusion and the rise of InsurTechs in India

For most Indian households, owning a home is a ‘dream come true’. More importantly, real estate is considered as one of the most transformative sources of safeguarding and adding to generational wealth. Domestic demand for luxury housing is forecasted to gain momentum on account of the growing aspiration to own bigger and more luxurious homes, villas and apartments. 

To ensure comprehensive coverage is essential when buying a luxury home and to shield it from any unforeseen incidents including ‘Act of God’, smog and air pollution, among others.

Luxury Housing: Delhi, Mumbai, Pune witness huge demand

According to current real estate news reports, there is a huge demand for luxury housing in Mumbai, due to rapid urbanisation, a growing category of high net-worth individuals and ultra-high net worth individuals. Renewed interest from NRIS has also contributed to the increase in demand for luxury housing. 

Among metro cities in India, the following see an upward trend in luxury housing:

  • Delhi-NCR

  • Mumbai-MMR

  • Hyderabad

  • Pune

  • Bengaluru

Interestingly, a report in Business Insider India highlighted that Pune has witnessed not only the highest growth in terms of value but also in terms of gaining 9 percent share of the overall luxury housing market. This marks a compelling increase from previous years.

Luxury Housing in India: What Makes Bengaluru Popular Among Millennials?

A global real estate consultancy, in its survey in May 2023, indicated that Bengaluru is hugely popular among millennials as they tend to prioritise financial security as a top priority and they value long term appreciation of real estate prices. 

In 2022, Bengaluru’s share of luxury housing launches was 31 percent whereas by H1-2023, the share has increased to a whopping 40 percent. This trend further propels the growth of bigger and more luxurious spaces and plotted real estate developments that offer more convenience and flexibility for high-end customers.

A ‘dream home’ in any Indian city requires a robust shield in the form of insurance. For most Indian households, safeguarding financial stability is most important, so is ensuring that their homes are shielded from natural disasters, unexpected or unforeseen developments that can be damaging to the structure or to their possessions.  

At Zopper, you can explore insurance solutions that are perfectly tailored to your lifestyle preferences. 

Visit the ‘Solutions’ segment on our website and book a demo with Zopper.

share this article

Recommended articles

Basics of Insurance | June 5th, 2023
Insurance is an essential component of financial planning and risk management. It provides a safety net against unexpected events and uncertainty that can have significant financial consequences.General insurance, also known as non-life insurance, is one of the most common forms of insurance that covers a range of risks such as property damage, liability, motor, and travel insurance.General ins...
Basics of Insurance | June 29th, 2023
Business insurance helps to protect companies from financial harm and workplace hazards that could happen in the business. Every potential danger that your company can encounter is covered by insurance. The costs and coverage options offered by insurance companies vary. You should talk to your insurance broker or agent about the types of insurance products that are available, as per your speci...
Basics of Insurance | June 29th, 2023
In today's world, education has become more important than ever, and pursuing higher studies often requires financial assistance. Fortunately, several Edtech companies have emerged in recent years, offering education loans to students. These companies understand the financial challenges faced by students and provide them with convenient loan options to support their educational aspirations...
Basics of Insurance | June 29th, 2023
Education is essential in today's fast-paced world for determining one's destiny. However, students and their families frequently face a heavy financial burden as a result of the rising expense of education. This is where edtech platforms that provide education loans enter the scene, giving students pursuing higher education financial support. This article will examine three significa...

Newsletter

Be the first one to know about latest happenings in the InsurTech sector. Click below to subscribe to our newsletter!