Live in style: Prices of luxury homes down 25%

Prices of luxury apartments and penthouses in upscale areas have crashed across the country

The driveway lined with palm trees encircles a verdant garden and leads to the five-bedroom bungalow. There is a swimming pool and lawns large enough to set up a tennis court. Inside, there is ample space for an airy yoga room, meditation centre, private dining area for the family and another for guests.

This 2.5-acre farmhouse at Rajokri in Delhi is part of Westend Greens, a gated community of farmhouses, many of which are owned by the city’s leading business families: the Kanwars of Apollo Tyres, Shrirams of DCM, Singh brothers of Fortis, and Singhanias of JK. Top multinational honchos