New Delhi: The luxury real estate segment with a customer base of its own did not witness a slowdown as significant as in the mid-level properties in the last few years and with the latest cut in GST rate, developers say, demand will pick up from here on.
The major factors for a customer of luxury apartments, realty players say, are the location, amenities, the niche provided and so on, rather than the price as the buyers are mostly the affluent people.
The problem of huge unsold inventory, noticed in the mid-level properties, is not witnessed in the luxury segment, which can also be attributed to the limited quantity of construction in the high-end segment. (IANS)
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