Talking about luxury homes automatically introduces the imagination of a spacious palace-like property- lavishness, magnificent, grandeur, and of course pricey, making it a status symbol. Luxury homes have special features that highly distinguish themselves from other properties. With features such as swimming pools, extensive gardens, lavish bedrooms, and more, luxury homes are one of a kind. Undoubtedly, the addition of these features varies from property to property. However, there are certain features that definitely make their way towards every luxury property that you know in your area. The addition of features to your property makes it an investment. They help increase the value of the property in the market, allowing potential buyers to know about the same. This becomes essential in the long run when you wish to sell your property.
Luxury housing in India refers to the category of homes that are bought by people who do not necessarily come from 'old wealth' but have often managed to rise above the 'middle class' median by dint of entrepreneurial success, savvy investments, sheer hard work or, in some cases, financial windfalls. They represent the nouveau riche category of Indians who are on the lookout for housing that offers them a great lifestyle that reflects their success in life.
What Defines A Luxury Home
Space: This is the very first thing that defines a home luxury. Space is required to accommodate a luxurious setting. For a housing property to be termed as luxurious it should be at least a 3BHK with attached washrooms and balconies. So a huge hall, a lavish dining space, and an expansive kitchen form an integral part of the entire luxury property definition.
Location: Location plays a very important role in defining how luxurious property is. A luxury property is located close to the heart of the city or important tourist places. Luxury homes are well connected and the physical infrastructure of the area is usually characterized by the presence of wide roads with fewer or no traffic issues, more greenery, highly clean, etc.
Floor-to-ceiling height: Luxurious homes are also about beautiful ceiling art and accessories. For the ceiling to hold lavish chandeliers and lights, the height of the floor to ceiling should be more to accommodate the luxuries. For a home to be termed as luxurious, it should meet the standard floor-to-ceiling height i.e. 12 feet or more. If this criterion is not met, then a property does not fall under the luxury tag.
Techonology: Big and spacious elevators with good carrying capacity is an added feature of a luxurious property.
High Security: In today’s not-so-safe and unstable environment, one must consider making your home as secure and safe as possible. Luxury homes offer inbuilt and enhanced state-of-the-art modern security facilities pre-installed in the house. Besides human security in the form of round-the-clock security personnel, electronic surveillance units should be installed in each and every corner of the property.
Luxury Homes In India
Luxury homes in India will always have demand. With the aspiration of the young population, luxury housing is inspirational for them, as they desire to have a house with the best of amenities. The other important aspect of luxury and premium is the return on investment its offers. The escalation of prices of property is inevitable. The demand for luxury homes has been constantly rising while the supply has been very limited.
With the rise in the economy and exponential growth of wealth among the people, the demand for luxurious houses and properties is on the rise. So to fare well in this competitive market, real estate developers are constantly innovating in the architecture and incorporating high-end technologies and innovations to build projects that are capable of attracting niche buyers.