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The age of high end residential projects in India

Younger generation with good purchasing power and keen interest in making investment in luxurious properties is getting excellent investment options. This is the age of high-end residential projects in India. The real estate developers are launching high end residential projects to meet with the demands of HNI clients.

 

Although the recession phase had negative impact on development of high end projects, the attention is again on high-end housing projects with the improvement in economic condition. According to the reports and economists’ predictions this is the age of high end residential projects in India. Investors are getting options from 1BHK condominium to a Villa between price range of Rs. 1.5 Crore to Rs. 15 Crore and above. High-end projects are built with features like gymnasium, personal swimming pools, play grounds etc.

 

Investors looking for properties with exceptionally well features are getting properties with state-of-the-art amenities in best localities of the towns. An array of high-end residential projects have been launched in different parts of the country. Demand of luxury projects is more in metro cities such as Delhi, Mumbai, Noida, Gurgaon, Chennai and others.

 

The increasing demand of high-end projects is evident from the sale of one of the most expensive residential property in Delhi. A residential house was sold for Rs. 112 Crore to Sudhir and Samir Mehta of Torrent Pharma in Chanakyapuri, New Delhi. It can be inferred that some people are willing to pay significant capital to get what they want.

 

The concept of high-end residential projects:

 

Increasing aspirations of people and changing demographics of the country have brought changes in housing demands. Luxury homes are in great demand and realty leaders like BPTP, DLF, Raheja etc. are meeting with these demands perfectly with launch of luxurious residential projects in different parts of the country.

 

With world class features modern housing projects are best fit for the investors, who want their home to be symbol of their standard and financial standing.

 

One of the most important factors that bring the residential projects in luxury category is the location. Usually the luxurious and high-end residential projects are planned in posh areas of the city and away from hustle bustle of the city. These projects are located in the heart of the city like residential projects in Gurgaon to name IREO Skyon in Gurgaon or Wadhwa the Nest in Mumbai.

 

Demand of high-end housing projects in India:

 

Increasing rate of HNIs and increasing purchasing power of people have increased the demand of high-end housing projects manifolds. Not only local residents, NRIs are also finding high-end properties in India a good investment option.

 

Rapid growth of urbanization is one more reason of growing demand of luxury residential projects. Recently launched residential projects are offering the residents a home with world class features and a home similar to that of in foreign country.

 

Largest market share of the luxurious projects is covered by Delhi/NCR, Mumbai and Bangalore.

 

Luxury homes in different cities:

 

Real estate developers are now focusing on different cities. Cities like Amristsar, Indore also have upcoming high-end residential projects. Projects located on specific locations such as beach, hills, river front are also gaining momentum among HNI buyers and investors.

 

Environment has been made important part of these projects with green surroundings and lavish green gardens. The high-end residential projects are offering the dwellers a new definition of luxurious lifestyle.

 

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