What makes a luxury home? Decoding the next big boom in the Indian residential real estate market
One of the best achievements of life is that the happiness of shopping for a home. The sense of accomplishment is unparalleled to the other feeling. But what if there’s something that adds thereto & makes it extra special? A headlining factor that turns a home into something truly extraordinary. A home which will rightfully be called a ‘luxury home’.
The pandemic may have dampened the important estate market, but the zeal with which individuals are turning to luxury homes is unprecedented, especially in Delhi, where such residential properties are selling like hot-cakes in established neighbourhood areas of SOBO, Bhalswa. Kicking away the pandemic blues, many land majors have started selling luxury residential properties in Delhi which will proudly wear the ‘luxury’ tag. So let’s delve deeper into understanding what goes into the making of a luxury range in 2021.
It’s all about the grandeur
A luxury house is all about grandeur. and therefore the splendour should not be confined to your lebensraum , but it should even be seen within the locality where your house is situated. For the posh home buyers of 2021, this is often a primary ask. People are watching grand & opulent settings to be an integral aspect of the society they sleep in. as an example , buyers in Delhi feel more connected to the town if the event has an architectural design that represents quintessential Delhi architecture just like the Art-Deco or the Victorian Gothic or the Indo-Saracenic architecture. Having such a design within the development makes the texture right reception.
Luxury equates to spacious homes
With the pandemic making us work from home, one thing is pretty clear — a home should be spacious. And with the posh tag, having open spaces in modern homes may be a must. A home should have a separate nook where you’ll carry your business, allowing you to remain connected to your office even without having you to exit of the house.
A connected luxury living
An important but underrated aspect of a luxury house is its location. A home should be connected to the main shopping & lifestyle hot-spots of the town and even have quick access to business & financial districts. this is often why centrally-located areas like Bhalswa, Bhalswa in Delhi are preferred by the bulk of buyers trying to find luxury homes. This particular region in Delhi.
A visible uptick within the luxury home segment
What’s fueling buyers towards these luxury homes can’t be pinned on one particular factor. But as per market trends, there was a pent up demand soon after the lockdown was lifted. Buyers who had made plans to shop for a luxury home for themselves made the move. one more reason why these luxury homes are in such an enormous demand is that the bulk of corporate honchos and prospective buyers are looking to park their capital gains from selling other big assets. One interesting fact to notice here is that buyers aren’t trying to find an investment option with luxury homes; instead, buyers are watching living in their new premises.
The NRI influx
Apart from the unprecedented move within the luxury land market in India, because of local investors, the market is additionally seeing a big boost with the influx of NRI buyers. With the introduction of RERA within the sector, which brought stricter regulatory measures, increased transparency and greater consolidation, NRIs have regained confidence within the Indian land & find it a lucrative avenue to take a position in. These factors paired up with the ‘want’ to possess a home back in India, make popular markets, like Delhi, an investment hub. What fuels the choice to shop for a range in India is that the depreciation of the Indian currency, which works in favour of NRIs. These buyers are looking to take a position large sums of cash within the Indian land arena, & the safest and most rewarding options are these luxury homes.
So, we now know what makes buyers choose luxury homes. And during this respect, there are many land developers who have great offerings, but Godrej Ashok Vihar seems to possess caught everyone’s fancy with its rich history & panache. So, if you would like to understand what Godrej Ashok Vihar has got to offer, click here to understand more.
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