At one point of time, luxury housing meant something very different in the Indian real estate arena. It would be defined by good architecture and infrastructure, a prime location and a host of popular amenities like swimming pools, landscaped areas and a club. But times have changed drastically, and now, luxury housing entails a lot more than that. Today, luxury is defined by a convergence of technology and pure aesthetics. It has to create a resounding statement and not just be restricted to providing utility or convenience. The rapid increase in the millionaire and billionaire population across the nation has created an equally evolving demand for housing that matches the stature of the said population.
Luxury real estate today has to be at par with international standards of living in order to truly be noticed. The architecture needs to be awe inspiring enough to grab the attention of the said target group. Right from acres of landscaped greenery, facilities merged with artificial intelligence, grand aesthetics throughout the project premise and within the homes, plenty of spaciousness to elite amenities that fit the social status and lifestyles of the ones who’s be living there – all of it comes together to create a viable luxury housing project.
In the past few years, there has been a rapid increase in the HNI’s in India. And with that, the demand for luxury housing has and will skyrocket as well. Regardless of the situation right now, luxury housing is predicted to have a large number of takers, owing to their perfect blend of grandeur, aesthetics and high-end comfort and conveniences and the ever evolving economic statures of a large section of the population. With further technological innovations over the years, the luxury segment of real estate will evolve even further and will garner a strong demand among both national and international buyers. The rapid evolving the this segment of real estate bodes well for the industry in general, as it will inspire more of high quality and cutting edge living spaces that bring a new world of luxurious and smart living experiences for one and all across the nation!