Gurgaon (Haryana), [India], October 17, 2024: The luxury real estate market in India is currently experiencing a significant surge over the past few years. According to Knight Frank’s ‘Wealth Report 2024’ predictions, there will be an increase of about 50% in India’s ultra-rich population. The country will observe exponential growth in high-net-worth individuals and ultra-high-net-worth individuals in the coming years. One strong investment preference among this class is the luxury real estate market. Paron, a real estate luxury firm, is gaining traction with its commitment to redefining luxury living.
Real estate has been a sound investment option from early times, offering steady and long-term financial gains. The Indian economy is flourishing and so is the luxury real estate sector. This sector not only promises long-term appreciation and reduces overall risk, but also is a stable asset and heritage for generations to come. Hence, with a rise in disposable income at the hands of HNIs and UHNIs, they are seeking to invest in premium properties. Paron has emerged as a leading player in India’s rapidly growing luxury housing market. Raunaq Chanda, the founder of Paron, has become a prominent figure in the industry. As he says, ‘A need for more personalized secondary residencies and luxury estates and a solid investment for future led me to find new solutions.’ They are the pioneers in ultra-high-end houses.
The unparalleled living experiences created by this intuitive housing solutions firm are impressing buyers with its exceptional standards. Founded in 2018, and headquartered in Gurgaon, the company has diversified and created a new NGO, which will begin its operations soon. Currently, funded by a closed group of investors, they have successfully delivered 25+ residencies across the cities of Goa, Delhi, and Gurgaon. They are now creating waterfront estates and villas in Goa. Each residency is crafted with selected materials and meticulous detail on the client’s preference. There are a multitude of trends transforming the real estate luxury sector today. One such trend may be drawing inspiration from global designs and combining them with local elements. Such can be observed in Italian-inspired properties crafted by Paron.
Real estate as a leading contributor to India’s economy has seen a boom due to the inclusion of favourable policies and regulations. With policies like The Real Estate Regulatory Authority (RERA), and the Goods and Services Tax (GST), and ‘Housing For All’, the Indian Government has encouraged more transparency in this sector. For the astute class seeking to diversify their investment portfolio, cutting-edge housing solution firms like Paron are offering innovative and exceptional living experiences to meet their needs.
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