Green Building

Luxe homes: High on Popularity Charts

7:00 AM

Luxe homes: High on Popularity Charts
High end homes will always find takers, the economic downturn and sluggish market notwithstanding

Irrespective of the prevailing market conditions, there is a segment of society that is always on the lookout for high end housing. The Gen-Y of India that has travelled across the globe and has greater disposable income looks out for properties that reflect their affluence, aspirations and desire for a plush lifestyle. This category includes entrepreneurs, highflying corporate honchos and IT professionals. However, the desire to own a luxury home goes beyond just mere showing off. Here are some of the reasons… 

Elite address
Buying a home in a posh address reflects a certain level of achievement in life. After all, the homes are bought with hard earned money. For the aspirational middle class, a luxury home is a testimony to years of hard work, ambition and dreams. It goes beyond just being a postal address.

Anil Pharande, chairman, Pharande Spaces explains, " The very latest of today's luxury homes provide all the modern comforts - and an ideal environment for living and raising a happy family.

These homes are built to take care of the needs of a comfortable lifestyle. Features like swimming pools, themed, landscaped gardens, gyms, meditation centers, manicured lawns, electronic security, touch- button responsive fixtures, and entertainment and shopping available at close hand all contribute towards making the living experience more comfortable."

This is one of the main concerns for women, couples with young families and elderly people. A posh complex is equipped with trained personnel, CCTV cameras and safety security measures. This means that emergencies can be tackled quickly and efficiently providing a sense of security to people.

Green Buildings
People who are environmentally conscious might find it better to live in a green building.
Most of the green buildings in India belong to the luxury home category. From solar panels to rainwater harvesting, composting and recycling plants, such features are only present in high end homes in India.

Social profile
The benefit of living in a luxury complex goes beyond amenities. Many such buildings have specialisations like sports complexes, childfriendly environment and in some cases, entry by invitation where builders screen the buyers who want a place in a building. It is a perfect situation for those looking for people with a definite educational profile, lifestyle and cultural leanings.

Return on investment
Pharande explains, " The increasing demand for properties in India rivals that of gold. Real estate and gold are the most traditional forms of wealth investment in India. However, properties present the advantage of being an asset that rises in value at every instance - and it is also a ' performing asset', meaning that it serves a practical purpose even as it gains in value. Given the fact that luxury homes are always in demand even on the secondary market, HNIs correctly see them as the perfect investment opportunity that guarantees multiplied returns in the future."

Source :- Mid-day

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