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Due to the rise in disposable income and changing lifestyle of people, there is an increased demand of luxury and ultra luxury homes despite the fluctuations in the real estate market. Various developers are coming up with projects with exclusive amenities and are targeting the ultra rich. The projects are being constructed in a villa format.
Popular developers are trying to woo the ultra rich with their high-end luxury projects. Since India is a growing economy, the real estate of the country is quite optimistic and due to the increase in disposable income, everyone would aspire to have a better living with an opulent lifestyle. The high demand has resulted in the development of a number of luxurious projects.
A research shows that India with a growth rate of 20% is the home to the fastest growing number of the ultra rich individuals in the world. The investment rate of the ultra rich comprises of about 20% and in the past few years, there is an increase of investors with high income. These high paid investors prefer high-end luxurious projects which can match their lifestyle. They either invest in high-end projects situated in the Central Business District (CBD) with a higher rate per square feet or they opt for projects in the suburbs of the city which are designed like that of a villa with features like that of a gated community, exclusive amenities and so on. Foreign housing styles like row houses and villas are gaining popularity in India.
Villas are usually located in the outskirts/suburbs of the cities as they require a large amount of land and they cannot be constructed in the heart of the city. This location aspect of the villa is expected to fetch a huge growth potential with personalised amenities and large space. However, in most of the cities, buyers look for properties within the city for their convenience but as the areas are getting saturated, they are looking for projects which can grant them their space, exclusive amenities and other facilities.
This action is basically practised in metro cities as the other cities lack major markets and also their infrastructure is still in the developing process. However, both small and big cities have seen a rapid urbanisation in the past few decades.
The ultra rich either invest in the readymade villas or get their own luxurious homes constructed. Luxurious villas in all these cities are available with a price range of Rs 5 crore to 15 crore along with an array of features and amenities.
Additional features of luxury villas:Luxury villas have additional features such as;
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Hi thanks for sharing information.keep it continue for readers convenience as they get their useful information through such post.
How only rich get such buildings and not middle income ppl?
Demand for luxury is increasing day by day but what about the middle class people
Premium villas in cities like Kolkata can attract a good amount of tourists. It can pave way for a good income strategy.
Luxury homes get their tag from the spatial rooms and through the sophistication achieved with the use of premium quality products. The design and the materials used reflect the signature style in a high-end home.
With the continuous expansion of the economic activities, the demand for number of the properties like malls, shopping complexes, office space buildings etc has been rapidly increasing. As a matter of fact, West Bengal has become one of the leading destination in terms of the investment. All these phenomena have thus lead to an upward strike in the Kolkata real estate.