There is no denying that the Indian real estate market may not be showing the kind of growth that was expected of it. However, the luxury homes segment is in fact surpassing expectations, which were modest at best this year. A quick look at how luxury housing in India has evolved is in order. Luxury home buyers in the India of yesteryears were content with an address to boast of, along with whatever additional facilities money could buy. However, times have changed; more and more Indians are now travelling abroad regularly, and getting a taste of what the high life means in other countries. Consequently, their expectations now extend quite a bit beyond just a fancy town-side address. Though the address is still important, luxury home buyers now also expect to buy into a lifestyle that, by definition, only a few in the world can afford to have.