While 2021 had many of us take pay cuts or remain unemployed, 35 tech startups in India entered the unicorn club, taking the overall tally to 72 companies.
An Assembly Line of UHNIs
A lot of these technology led startups received a boatload of funding and some of them even took the IPO route. As a result of the large scale fund infusion, a lot of really rich folks - also classified as Ultra High Net Worth Individuals (UHNIs) - entered the housing market.
And what do you think rich techie founders want most?
Everything
The high end tech crowd wants luxurious villa projects and they want it to be the best. These young millionaires have an eye for detail, so properties with beautiful designs, indoor and outdoor sports facilities are in huge demand especially in a tech city like Bangalore.
Enter Luxury Developers
To meet this demand, new tech developers with a keen eye for design are building the perfect homes for UHNIs.
With loads more millionaires to spawn in the next 5 years we can expect this market to grow with many niche design-oriented luxury home developers entering the market.