New Delhi, September 08, 2020: The pandemic has made luxury buyers crave for the best when it comes to their homes as the idea of health and safety has kicked in. As per various reports, housing units priced above between Rs 80 lakh and Rs 1.25 crore are the most inquired ones, especially in Delhi NCR. Also, around 80% of housing deals during these months have been closed as the market is witnessing only the end-users and serious investors.
Buyers are back in the market with renewed demands regarding the design sensibility and quality. This is also reflected in the new launches in this segment in H1 2020 where the luxury segment witnessed more launches as compared to a similar period last year. The percentage of luxury launches in Delhi NCR is higher than that of MMR.
The demand has been on the rise for spaces that can provide absolute freedom to people where they are free to enjoy world-class facilities within the premises. Realtors say that people are now also inquiring about the overall design and judging the project based on the social distancing it provides. Multi-functional corners for working, exercising, or yoga, have now become one of the few must-haves apart from green and naturally illuminated areas such as terraced gardens.
Overall, the luxury real estate will continue to get better in demand as normalcy returns. There will be expectations from the developers to include essential and advanced amenities within the premises. This has the potential to become a long-term trend, as convenience and comfort will be the dominating values in the purchase of luxury homes that more or less become status symbols for buyers.
Corporate Comm India (CCI Newswire)
Hyderabad, May 16, 2024: Ajitesh Korupolu, the founder & CEO of ASBL, emphasized the need for…
With 3BHK and 4 BHK residences starting at INR 4.97 Crore, Experion Elements will feature…
By Ramani Sastri - Chairman & MD, Sterling Developers Being the fastest-growing economy, India remains…
New Delhi, May 11, 2024: The Indian real estate market has already witnessed an unprecedented…
New Delhi, May 08, 2024: The real estate market is thriving, and the housing sector…
New Delhi, May 01, 2024: As part of its 8th-anniversary celebrations, DLF Mall of India…