Anything beautiful is difficult to be ignored, be it a beautiful flower, beautiful scenery or a beautiful real estate property. While talking about real estate in India, the first thing that comes to the mind is the changing trends with every passing day. The recent trend that the nation is witnessing is the rising demand for luxury homes in India. Although, the demand for affordable housing is still high, the significant change is the rising demand for luxury and ultra luxury housing projects in the Rs 1 crore to Rs 15 crores bracket.
These days more and more developers and builders are focussed on luxury housing in India. Seeing the number of affordable housing advertisements being exceeded by the luxury housing advertisements, the builders in India have realised the fact, following the bounce back from the recession, luxury homes in India are back in demand.
Renowned builders like Lodha Group, India bulls, Jaypee Group, Supertech, Logix, Raheja, IREO and Oberoi Group have numerous luxury residential projects in India – some complete, some nearing completion or are still at a construction stage. But that doesn’t mean that affordable housing is out and luxury homes in India are in. Developers in India are targeting every section of the society starting from low-to middle- income groups to potential buyers and keeping in mind their requirements and choices, the builders offer a wide variety of housing options.
It’s a fact that with the changing lifestyle, people now demand higher standards of living. Quick and easy Home Loans are quite helpful in upgrading and embracing a higher living standard. Also the changing thought process of people has greatly influenced the property industry. These days, people are not just bothered about their basic necessities, but they also want their high-end necessities to be fulfilled.
Moreover location and locality are also deciding factors while launching luxury homes. People looking for luxury homes normally prefer a place which is peaceful and away from the hustle bustle of city, but at the same time should be a prime location. Also, the locality should match their standards – which means, not just good neighbours, but neighbours who are a blend of quality and matching status.
The fast growing Indian economy has given a great boost to the demand for luxury homes in India. The purchasing ability of people has increased greatly, especially the interest has been observed among the younger generation who is more excited in buying a luxurious property.
Seems like the property industry in India is thoroughly expanding, with affordable housing which will never cease to shine and luxury housing which is set to flourish with the increasing number of super rich class in the Indian society.