With the reviving economy having infused a
renewed sense of confidence among High Net worth Individuals (HNI) home buyers,
there has been a significant surge in demand for luxury homes asset class in
the metropolitan cities of India.
They want more
than just four walls and a parking slot.
Indian luxury home buyers have sound reasons for why they want to
live in premium rather than 'normal' homes.
Perfect View -
The 270 degree or 360 degree window view from an
apartment is one of the important aspects. The view of swimming pool, various sports courts, play area and excellent landscaping soothes the eyes and sensibilities of the occupants. This takes the luxurious living experience to another world.
Aspiration For Status -
Buying a luxury home is a matter of
prestige - and why not? After all, most luxury home owners have bought their
pride and joy with hard-earned money. They want to live in homes that announce
their arrival, and offer a higher lifestyle rather than just a postal address.
Comfort -
The very latest of today’s luxury homes provide all the
modern comforts – and an ideal environment for living and raising a happy
family. These homes are built to take care of the needs of a comfortable
lifestyle. Features like swimming pools, themed, landscaped gardens, gyms,
meditation centers, manicured lawns, electronic security, touch-button
responsive fixtures, and entertainment and shopping available at close hand all
contribute towards making the living experience more comfortable and enjoyable.
Security -
One important feature of luxury homes is that they have
very high security. They have top-of-the-line security, both in terms of
trained security personnel and security installation that guarantee safety.
Further, accidents and medical emergencies can be quickly taken care of with
immediate response triggered by technology, and the availability of hospitals
and emergency rooms close at hand.
Technological Enablement -
Technology and IT innovation have
gone a long way to make the living experience in high-end luxury homes
extraordinary. From solar generators to remote controlled window shutters,
everything is directed towards meeting the demands of homebuyers looking for an
ultra-modern lifestyle.
Better Neighbours -
The benefits of housing one’s family in a luxury
apartment do not only extend to conveniences. Luxury housing projects are also
seen as the perfect environment for one’s children to grow up in and the adults
to socialize in. After all, such projects basically form a society with a
certain degree of culture, education and beliefs – in short, better
neighbours.
Investment Value -
The increasing demand for properties in India
rivals that of gold. Real estate and gold are the most traditional forms of
investment in India. However, properties present the advantage of being an asset
that rises in value at every instance – and it is also a ‘performing asset’,
meaning that it serves a practical purpose even as it gains in value.
Given the
fact that luxury homes are always in demand even on the secondary market, HNIs
correctly see them as the perfect investment opportunity that guarantees
multiplied returns in the future.
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