Indian luxury housing story

Indian luxury house might be a totally new concept in two tier cities. But metropolitan cities have witnessed this housing trend and have adapted it rapidly. This newbie on the pitch has slowly conquered the real estate market by making residents used to the lifestyle it has to offer.  Luxury housing in India started off as a sample work that was planned in the residential property sector. As it quickly picked up, it soon became a trend. This had shown the amount of liquid cash people have which allows them to purchase a luxury property without making a hole in their pocket.

In the Asia Pacific region, India is one of the most populated country. With over millions of population, around 2.36 lakh individuals have a high net worth of capital. According to the Forbes List, India ranks for 101 among the World’s Billionaires around the world.

With over a high Indian population falling under the category of super luxury, they also find options of buying or building their own homes. To own one such house, location is the prime feature to fall in the above category. Taking advantage of the view, these towers are set up crashing down the old buildings and giving away the priciest amounts.

Key markets for luxury housing projects

Luxury housing project started off with metropolitan cities wherein working population wouldn’t want to travel far for their daily necessities. Be it gym, salon, spa, play area or pool, they wish to have it in a close vicinity. These families reside in tier1 city namely, Mumbai, Bengaluru, NCR, Ahmadabad, Chennai and Hyderabad. The budget for luxury apartments varies with every city. The price of gated community flats in Hyderabad will vary from that of Chennai.

NCR: When considering Delhi, Gurugram is one of the prime hubs for luxury residential projects. Upcoming locations in NCR are Gurgaon and Sohna Road. With the upcoming Golf course extension road, this road is expected a rise in the construction.

Hyderabad: the latest developed area in Hyderabad is Jubliee Hills and Hitech city. With most of the MNC having their offices, developers have placed their projects making it easier for employees to work and reside without having to travel further down. Rainbow Vistas offer 3 bedroom flats for sale in Kukatpully.

Bengaluru: IT hub of the country also has is contribution of gated community apartments. Electronic city, Sarjapur, Whitefield are few localities that have been developed offering high end luxury projects for residents.

Mumbai: Capital city of Maharashtra doesn’t leave its residents disappointed. Keeping in mind the travel hours, developers have made Mumbai the prime market for luxury housing.

Luxury apartments are not limited to 5% of the Indian population. According to reports around 40% of Indians reside outside India. Among the rest, 20% cater to upper class. With high disposable income and increase in demand of luxury, residential property has changed its face of residing within the country. To give the buyers a luxury along with a bespoke experience or residing, developers look into developing this sector further more. With a larger customer base, this is no longer a niche market.

Luxury according to Indian market

According to Indian market luxury has a different term. Buyers are looking in for luxury and exclusivity in terms of residential projects. With signature locations, developers are looking to create projects that would be unique and reflect the identity of the buyers. Thus, they look in for a selective profile of buyers and accordingly set a price range. As these new locations are finding it difficult to attract occupants, developers are starting to offer super luxury amenities. These niche amenities would move buyers up the social ladder. Gated community has also come up not only with ultra-luxury and luxury apartments but also gated community villas. This will give you a sense of peace as well as all the facilities of that of a gated community.

Technology and innovation in designing has redefined luxury homes. A luxury apartment is incomplete without top quality material and home automation. Home automation is the latest trend that is a must in these luxury homes. Lighting, air conditioners and fans can all to be controlled by smart phones. Extensive features include gas leak detectors, camera facility over the phones, external breach sensors and finger print door lock are few features that would add an extra star to your luxury home. These smart systems can also save you a buck by installing services like auto off lights in the lobby. These services do upgrade your home but it definitely comes with a huge price that very few buyers are ready to pay.

These luxury projects are attractive. Developers face a tough competition as there are hundreds of apartments coming up in the same locality. If you check flats for sale in Kukatpally, Hyderabad, you can find few high end residential projects. Based on your budget and choice you can decide on which project to invest. Rainbow Vistas is one such huge property aiming to cater high end consumers.