With disposable incomes on the rise, especially among increasingly younger homebuyers, India has been witnessing a rise in demand for luxury homes, not just for their investment values, but also for their prestige value. Regardless of the rising and falling economy, the demand for luxury homes never wanes as people aren’t satisfied with just about any kind of home anymore – they want much more than just four walls with a parking slot. People now crave higher living standards with luxury homes that are chock-full of comforts, amenities and luxuries.
People are getting increasingly globalized and more aware of the good things, and wanting it in their own lives too. Here are a few reasons why luxury homes are the hottest trend currently:
Great Investment value – Indians are very prudent when it comes to money matters and for that reason, they are opting to invest in real estate rather than the traditional gold. The value of homes only multiplies with time and is considered among the top performing assets to own. Luxury homes are always in demand, even in the resale market and guarantee greater returns.
Status symbol – There is nothing to beat the feeling of pride and joy in owning something that’s the envy of others – and luxury homes fall into that category. Owning a luxury home is a symbol of having made it in life and not just a prestigious address. Luxury homes are for the discerning people of this world who have worked hard to save up for these niche homes.
Smart homes – Technological innovations have been invading all spheres of life including homes. Luxury homes are increasingly coming loaded with advanced technological features that work at the click of a button from your smartphone. Electrical gadgets and appliances including the TV, music system, coffeemaker, oven, lighting, etc, are increasingly becoming smart and available in uber-luxurious homes.
Comfort levels – Luxury homes include numerous features and amenities that make living in them a source of joy and comfort. With large spacious homes and amenities that beckon you to indulge your time, high-end homes are the best place to live. These include multi-gyms, landscaped gardens, remote-controlled features, tree-lined walkways, kid’s parks, clubhouse, swimming pools, etc, as part of the deal to increase your comfort levels.
Security system – Aesthetically designed luxury homes come equipped with advanced security details as well as professional security personnel to keep you and your family safe.
With home loans getting cheaper, this is the best time to invest in luxury homes.