Chairman and Managing Director at Sunteck Realty Ltd. On why luxury is emerging as an important sector in construction. The world economy may be in a downturn, but all indications point towards the demand for luxury real estate soaring. Especially in emerging economies like India, the demand for designer homes and penthouses has soared in the past few years. This does beg the question, why is luxury an important sector in construction? To set themselves apar.

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