Luxury prop prices see 10-fold rise

In the last 10 years, prices of luxury properties in key cities in India including Mumbai, the NCR and Bengaluru have appreciated 10-fold, according to a JLL report. Luxury projects yield much higher returns to developers than projects geared towards the affordable and mid-income segments. Because of the tendency of ultra-luxury projects to garner extremely good pre-sale volumes, developers are generally able to secure significant fund flows to capitalise the completion of their projects. Contact: Jones Lang LaSalle. Tel: 022-6620 7575. Fax: 022-6620 7576. Website: www.joneslanglasalle.co.in