Rise in demand for luxury homes in Gurgaon

India has the fastest growing number of high net worth individuals in the world and real estate comprises approximately 40 per cent of their investment portfolio. Spurred by new product offerings, greater influx of end-user demand and an increasing upwardly-mobile segment, luxury and ultra luxury housing projects, with prices ranging between Rs 1 – 15 crore are seeing higher demand in the cities such as Gurgaon. According to Virender Kumar, a prominent property advisor at a property in Gurgaon, “These cities are seeing demand mostly from expats, NRI’s and HNI’s. With a variety of new product ranging from designer style apartments to branded luxury residences, all catering to the interest of niche segment of society.” The number of enquiries for luxury apartments and villas also noted an increase of up to 25 per cent in past 6-8 months, he added. This trend was further confirmed by Sunil Das, a property consultant at a premium property location “The pricing for the luxury housing continued to appreciate from couple of years and expected to follow in future as well owing to depreciating value of rupees in global market along with relief in foreign investment policies.” The capital values of these luxury apartments’ varies from Rs 6,000-15,000 per sq ft depending upon services offered and location. “The luxury housing market is currently seeing a greater influx of end-user demand, in contrast to the previous trend of the investment-driven purchases. The sale of luxury projects has witnessed a hike of approximately 30 per cent in past six months Focusing on the same trends Indian developers are partnering with international players to design exclusive apartments and condominium space. With rising aspirations, reviving economy, infrastructure and craving for premium lifestyle luxury sector is expected to keep on the grow track as anticipated. The concept of Luxury homes get-away is quite new to Gurgaon. In the wake to renovate the real-estate “look” real estate developers are trying their best to support new kind of residential projects. Luxurious residential apartments, independent floors and villas are three major names on their cards. New Luxury Homes Gurgaon are complete with modern applications and services in the model of a boutique hotel. Swimming pool or a sauna, entertaining and work out stations, mini-bar counters, lounge, lawn and extra-large garage and ample car parking facilities are some major features that differentiate a luxury home from that of a bungalow or leisure homes. Luxury residential properties are really an investment treat. Expensive reasonability, such luxury project Gurgaon are out of reach of middle-class society. Then why the demand? This has been effectively acceptable. Luxurious residential property in cities like Gurgaon focuses on rental gains. This in real estate expression is advantageous, smart and reasonable. Real estate developers are positive on the future of luxury residential properties. “A quite private weekend at own luxury residential homes makes us feel high-class” and expressively nothing would deprive NCR people from responding to their natural royalty. The big part of investment in residential property Gurgaon however comes from the NRI’s. Homes in Gurgaon is no longer limited to making “look-alike” apartments, floors and other residential properties, in present time the demand for luxurious commercial properties and luxury residential projects have amplified. For more details you may review here : :monde de provence, krrish group, eiffel in gurgaon and luxury apartment in ncr.