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Real estate research firm Liases Foras has introduced the Alpha Grade Luxury Asset Framework, a methodology intended to assess investment-grade luxury residential developments across India. As part of the study, the firm evaluated emerging luxury housing markets in Nagpur, Indore, Coimbatore, Ahmedabad and Lucknow, identifying Nagpur as the leading emerging luxury investment destination based on its assessment criteria. The report attributes the city's outlook to ongoing infrastructure projects, relatively low luxury housing supply and anticipated demand growth. It also identifies South Nagpur as the city's strongest-performing luxury corridor while outlining five factors that, according to the framework, contribute to long-term value creation in the luxury residential segment.
Real estate research and analytics firm Liases Foras has launched the Alpha Grade Luxury Asset Framework, a research-based methodology designed to evaluate investment-grade luxury residential developments and distinguish them from conventional premium housing. The framework, announced in the past week, assesses luxury projects using a set of investment and market parameters intended to measure long-term asset quality and value creation.
According to the firm, the framework is based on five assessment criteria comprising developer brand credibility, strategic location, product design, hospitality and service integration, and the exclusivity of the resident community. Liases Foras stated that projects meeting all five parameters have historically demonstrated stronger capital appreciation, rental performance and resale value than the broader luxury housing market.
As part of the study, the consultancy evaluated five emerging luxury residential markets—Nagpur, Indore, Coimbatore, Ahmedabad and Lucknow. The assessment considered infrastructure readiness, capital appreciation potential, affordability, market maturity and future investment prospects. Based on these parameters, the report ranked Nagpur as the leading emerging luxury investment market among the cities evaluated.
The report identifies South Nagpur as the city's primary luxury growth corridor. According to Liases Foras, residential plot prices in Nagpur have recorded a compound annual growth rate (CAGR) of 15.2% over the past seven years, while South Nagpur registered a higher CAGR of 17.8% during the same period. The firm further projects that land values in South Nagpur could increase fourfold between 2025 and 2033, compared with projected growth of 2.6 times in North Nagpur and 1.9 times across eastern and western parts of the city.
The research also highlights the emerging investment corridor covering Butibori, Dongargaon and Kothewada, which the firm said recorded approximately 119% price appreciation over the past three years, compared with around 38% across the wider South Nagpur market. According to the report, this performance preceded the operationalisation of the proposed International Business and Financial Centre (IBFC).
Liases Foras attributed Nagpur's investment outlook to several large-scale infrastructure projects, including the proposed INR 5.25 lakh crore Viksit Nagpur 2047 programme, the operational 701-km Samruddhi Expressway, the 4,351-acre MIHAN Special Economic Zone, Metro Phase II and the proposed INR 6,500 crore IBFC project.
The report further stated that luxury housing currently accounts for less than 5% of Nagpur's residential supply while projecting that demand for luxury homes could increase by three to four times by 2033. It concluded that infrastructure-led urban expansion in emerging cities is likely to create opportunities in India's luxury residential market, although these projections are based on the firm's research methodology and market assumptions.
Source - PTI
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