A Glimpse into the Future of Indian Luxury Real Estate

The prestigious 2nd PHDCCI Luxury Real Estate Summit took place on March 13th, 2024, at The Claridges, New Delhi, with CBRE India as the exclusive knowledge partner. This dynamic platform saw leading figures from corporate, government, and public policy share their perspective on evolving landscape of India's luxury real estate market.

Shri Kaushal Kishore, MoS, MoHUA, and the Chief Guest at the event emphasized government's proactive role in supporting this segment's growth and highlighted positive impacts of initiatives like PMAY on rising consumer demand. Chittaranjan Dash, Principal Commissioner of DDA and Guest of Honor, stressed on policy measures for the sector including regulation simplification and the promotion of institutional investments and FDI.

The summit also saw the launch of CBRE India's comprehensive report, "The Ascent of India's Luxe RE," offering valuable industry analysis and understanding on forward journey.

Throughout the day, there were interactive sessions moderated by CBRE experts addressing critical topics. These included sessions ranging from challenges and opportunities within the Indian real estate financing landscape to evolving preferences of modern-day luxury real estate consumers.

There were also discussions highlighting the need for early-stage ESG integration and the standardization of sustainability benchmarks.

The 2nd PHDCCI Luxury Real Estate Summit served as a catalyst for thought-provoking discussions that will help shape the future of luxury real estate in India.