Share of affordable housing shrinking; upper end of the market going berserk: Gulam Zia, Knight Frank

“Almost 50% sold in August were properties costing above a crore. About 14% apartments are upwards of Rs 5 crore. This segment used to be very small a year and a half or two back. Luxury housing all over the country was in a bad phase. It is only last year, in a year and a half, that luxury housing has been growing in sizes like never before.”