In the luxury business, you have to build on heritage

-Bernard Arnault

Business magnate and one of the top three richest men in the world Bernard Arnault makes a pertinent point about building luxury on the back of heritage. In Indian real estate, one of the top names that inevitably come to mind is that of the highly regarded Mr Parveen Jain. He is presently the chairman of the National Real Estate Development Council (NAREDCO) and the CMD of Tulip Infratech, a company with an established heritage that has delivered over 6,000 homes spread across 100 acres of built-up land, mostly along the southern peripheral road in Gurugram. The Tulip group with numerous awards to its credit has demonstrated that it has an unwavering foresightedness and a vision of excellence in the sphere of real estate and construction.

Tulip Infratech is now coming up with Tulip Monsella, a world class, ultra-luxurious project that gets its name from the striking grandeur of the red-flamed canary yellow petals of the eponymous bloom. Located on the Golf Course Road and spread over 19 acres in the transit oriented development (TOD) zone, Tulip Monsella will have ten towers with forty floors each, and The Skyhub that an elegant coffee table book describes as a place “where skies will yield to your command.”

According to industry insiders and lifestyle experts, a section of today’s Indian youth does not any longer hesitate to dream big and live it up, especially when it concerns their ambitious house, fancy car and fantasy wedding destination. It is this category that is driving demand in premium luxury housing, and that includes those who are at the top echelons of the business and corporate world, NRIs with disposable income to buy a second or third property in India, and, of course, the high net-worth individuals. In our cover feature, Consulting Editor Yogesh Sood who has been tracking the real estate sector for decades gets us a real lowdown on the Tulip Monsella project.

Elsewhere in the magazine, there are several more stories of interest to browse through. For instance, we’ve brought you a report around a poll taken almost immediately after Rishi Sunak (see cover story on www.indiaempire.com in January 2022) became the new Prime Minister of the U.K. that points out that he’s well and truly ahead in popularity over Keir Starmer, chief of the opposition Labour Party.

While many in the media are talking of Elon Musk’s retrenchment policy soon after taking over Twitter, the severance package of the employees is probably being glossed over. The top brass that received the pink slip, for instance, stand to gain USD 88 million (INR 719 crore) with Parag Agarwal, the former CEO, alone getting, before taxes, a staggering USD 38.7 million (INR 316 crore). In another story, India has ambitious plans to take its textiles exports to the levels of USD 100 billion over the next five to six years according to Union Minister Piyush Goyal.

Please do visit our website (www.indiaempire.com) and go through plenty of information that is available on the

Indian diaspora, international diplomacy, business, and much more in all our back issues.

Sayantan Chakravarty

sayantanc@gmail.com