Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.
Luxury housing in India is the proverbial sitting duck for target practice in the shooting gallery that is the Indian residential property sector.
Market pundits and the media never get tired of taking potshots at it, and claiming that this segment has got run out – even though Indian luxury housing is actually something of a newbie on the pitch and still has very long innings ahead of it.
Maybe the fact that there are a lot of wealthy people in a country with so much poverty strikes some as an aberration, rather than a reason for pride.