BENGALURU, Dec. 13 -- Luxury projects are slowly making a return as developers compete for a niche segment of wealthy homebuyers, even as affordable and mid-segment housing dominate the property market. Developers, particularly from southern India, are strategically launching projects in the premium category with select designs and sizes to capitalize on this opportunity.
Bengaluru-based Prestige Group is set to develop a luxury residential project in Pali Hill, Bandra, one of the most expensive locations outside south and central Mumbai, said a person familiar with the plans. It's a small but high-value redevelopment project, the person said, requesting anonymity. A Prestige spokesperson declined to comment.
Last week, Adarsh Group launc...