Luxury homes still find takers

India���s super rich just can���t help falling in love with luxury houses, report Aman Dhall & Raja Awasthi from New Delhi. Even as slowdown mania grips the nation, the demand for dazzling luxury residential properties in India is showing no signs of slackening.

The rising demand for home loans above Rs 75 lakh being a clear indicator in this case. The segment has witnessed an average growth of 15-20 % in the last six months, thanks to the young HNi liking for the high-end property.

In fact, with real estate developers facing a financial crunch, they are offering discounts of 10-15 % for properties of Rs 1 crore and above. With the buyer conversion rate significantly high in this segment, the realty players are counting on luxe home buyers as best bet to bail them out of the current cash crunch. With HNIs usually rated high on credit ratings, bankers say the loan approval process is generally easier.