India’s luxury interior market predicted to reach $30bn

According to a report by KPMG, the luxury market in India is expected to grow at a CAGR of 20% over the next few years, driven by the increasing disposable income of consumers and the growing trend of urbanization. The market for luxury interior décor in India is expected to reach $30 billion by 2025, with a significant portion of this growth coming from tier 2 and 3 cities.

Raipur is among the fastest-growing cities in India, with a rapidly expanding middle class. As more people move into these cities, the demand for luxury interior décor products and services is increasing. The rise of real estate development in these areas is also contributing to the growth of the luxury interior décor industry. Developers are increasingly catering to the demand for luxury villas and apartments, with high-end amenities and interior décor packages.

The demand for luxury villas is a significant driver of growth in the luxury interior décor industry in India. According to a report by Knight Frank, the demand for luxury villas in India has increased by 20% in the last five years, with a growing number of consumers looking to invest in high-end properties. This trend is particularly prevalent in tier 2 cities, where developers are increasingly offering luxury villas with state-of-the-art amenities and interior décor packages.

The design trends in luxury interior décor in India are constantly evolving, with a blend of traditional and contemporary styles. While traditional Indian motifs and craftsmanship continue to be popular, there is also a growing trend toward minimalist and modern designs. The use of natural materials such as wood and stone is also becoming increasingly popular, with an emphasis on eco-friendliness and sustainability.

The luxury interior décor industry in India is experiencing significant growth, with the demand expanding beyond the major metropolitan areas to tier 2 and 3 cities. Chhattisgarh and Raipur are among the fastest-growing cities in India, with a rapidly expanding middle class, driving the demand for luxury interior décor products and services. The demand for luxury villas is also a significant driver of growth in the industry, with developers offering high-end amenities and interior décor packages to meet consumer demand. The luxury interior décor industry in India is poised for a bright future, with a unique blend of traditional Indian craftsmanship and contemporary design.

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