Trends shaping the luxurious Indian real estate sector
Mar 29, 2019
The sudden interest of owning homes in posh localities has inadvertently brought the luxurious Indian real estate sector in the limelight and given birth to some trends. Check out these interesting trends.
Over the years, the real estate sector has undergone a tremendous transformation-due to policy reforms, technological breakthroughs, changing preferences, etc. This shift in the status quo has witnessed many individuals demand for high quality, comfort features, and innovative homes. Listed below are the five trends shaping the luxury real estate sector.
Branded luxury homes
A new luxury trend in the form of branded luxury homes has been offering consumers something more than just homes. Often located in the prime locations of the city, these complexes and apartment buildings command a premium as they have local builders partner with foreign real estate developers.
Inclusion of innovation
With the advent of technological innovations such as smart home automation, waste management, energy consumption, etc., luxury homes have continued to rise in the popularity charts. These innovations have made living comfortable, and stress-free. By including these techs in their homes, consumers get improved accessibility, comfort, and affordability.
The advent of affordable luxury
Consumers are looking for luxury homes at affordable prices. This is mainly due to continuous exposure to the global standard of living that has changed the perception of luxurious living for Indian consumers. This trend is touted to rise as the affordable luxury segment gives middle-income groups a chance to fulfill their aspirations within a stipulated budget.
Modern design & architecture
Efficient planning coupled with aesthetic designs and innovative architecture has become the face of luxury homes. Conventional designs have given way for more practical structures-with the inclusion of efficient ventilating systems, angled windowpanes, foyers, and passages. Builders are opting for smart design homes to counter the space crunch issues.
The luxury real estate sector is thriving due to these growing trends and developers are making the most of this opportunity by introducing features that cater to the lifestyle preferences, modern thinking process, stature and wealth of potential home buyers.