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Experts' Take

Sanjeev Srivastava, Managing Director, Assotech

Sanjeev Srivastava1

Both segments have excellent potential. It depends on the particular market, high net worth individuals (HNls) and NRls are major factor to boost luxury segment. There is a huge demand of affordable and mid segment homes also due to rapid growth in urban population. The main driving factors for this segment are social infrastructure, proximity to workplaces, good connectivity through private as well as public transport and access to medical and educational facilities. Therefore, a good and strategic product mix will be the growth driver for the industry.