Premium housing is the emerging face of Indian real estate industry

By Accommodation Times News Services

drawing roomThe face of Indian real estate market is changing with the time pace, as urbanisation is increasing in the country demand high-end living is gradually rising. The standard of living in people has increased and buyers are looking for high-end luxury homes with world class amenities and facilities. Now-a-days every premium homes are not limited to rich people, common people are also opting for premium home, these days each and every developer offers amenities like gym, playground, club house, landscape gardens, swimming pool etc.  With higher disposable incomes, new offerings and greater influx of NRIs, the premium housing segment has evolved significantly.

Since few years the demand for premium housing has shown good graph, as per the developers the inquiries for premium luxury homes has rise substantially and large number of inquiries are from Non-Residential Indians (NRIs), High Networth Investors (HNIs) and individuals with high disposable income.

Kalpataru a premium real estate company and leading developers of India says, the urban and commercial spectrum of Mumbai is growing threefold with business hubs across the city. HNI’s prefer less travel time to their work place. Kalpataru caters to this need and provides luxury properties across the city. The striking part of the real estate growth in the city is the rising segment of luxury housing which has seen a tremendous leap in the past few years.

The reason behind increase in demand for luxury housing has been the rise in the disposable income of people living in the country. Also there has been influx of people in the category of celebrities, businessmen, HNIs and NRIs which has created demand for luxury housing in the city. People in these categories are well traveled and are aware of home trends across the world, which makes them demand world class homes.

The presence of superior amenities and specification in new luxury locations beyond the traditional luxury precincts have been successfully marketed to buyers who are seeking to upgrade for their existing mid-range homes to ones that offer them a better lifestyle.  In India demand for luxury homes are seen more in cities like Mumbai, Bangalore, South Delhi, Gurgaon, Hyderabad, Chennai, Kolkata, Ahmedabad and Pune. These major cities have catered the highest demand for premium housing in last few years.

Kalpataru, the leaders in building premium housing in Mumbai said locations like Parel, Goregaon, Bandra East, Panvel, Bhandup, Thane and Ghodbunder Road are the growth corridors which have seen exponential development. Kalpataru has pre-empted the potential in these areas and offers luxury properties to its customers.

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