New Delhi, March 24 -- India's luxury real estate market is witnessing rapid growth, driven by strong demand from high-net-worth individuals (HNWIs), non-resident Indian (NRI) investors, and domestic buyers looking to invest in premium properties.

According to a report by GRI Club, an international real estate company, the sector is outperforming expectations and is set to record its third consecutive year of unprecedented sales.

"The sector is not only outperforming expectations but is on track to deliver its third consecutive record-breaking year in sales. In the top seven cities, total residential sales in 2024 are projected to exceed INR 5.1 trillion, with more than 300,000 units sold," it said.

This surge highlights the increasing...