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Today, there is an increased demand for high-end luxury properties in India. Reasons like high income, growth of IT industries and urbanisation are leading to a great demand for the high end luxury projects. With more and more builders and developers initiating their high end projects all over India, each brand is working hard towards their development and making the public aware about their projects. This tough competition among builders for the initiation of the high end projects has resulted in the developers offering the high end luxury projects at affordable rates to the mid section citizens. Most of the projects are styled for the luxurious life with an array of amenities.
The recently held property expo by the Satva Group showcased an array of projects which are on the verge of being launched in cities like Bangalore, Mumbai, Goa, Hyderabad and Mysore. The event named as “The Home for Life” was held in Bangalore by the Satva group in order to make the property investors aware about their position, their upcoming projects, affordability and uniqueness.
The recent projects by this group in Bangalore are about 6 in all the directions of urban areas. These projects are planned precisely and conveniently placed in the main parts of the city and are away from the core city areas of about 10-11 kms.
The work on all of these projects has already started and most of them are under construction. About 30% projects are already sold to many of the consumers. Most of these projects are spread across 4 acres, 6 acres and 21 acres with a number of 1600 flats in most of them. Apparently all of these projects will be completed in about 2 and half years from now.
According to the Managing Director of the Satva Salarpuria Group, Mr. Bijay Kumar Agarwal; this is the best time for property investment as they have also spread their projects all across the main areas of the city to cater to all the needs of the affordable public.
These high end and ultra-luxury projects are ranged about 70 lakhs to 3.5 crores. Commenting about their welfare Mr. YN Rao, General Manager for sales and marketing also agreed with Mr.Bijay Kumar that this is the right time for investment and they have spread in all the direction of the city. He also focused on the requisites and specifications of what an investor should consider before buying a property. According to him, today, each builder and a developer has to be transparent in order to succeed in their business as the consumer cannot be fooled with just picturization. Each and every mentioned facility, feature and amenity should be offered as stated. He did acknowledge people about the role of real estate industry in today’s world and how it provides employment to a large group of people in India. Although real estate has still not acquired an industry standard. Most of these high end projects are based on the smart home concept and have an array of safety features and automated functioning.
As mentioned earlier the group is coming up with 6 projects all over. The projects are named as Gold Summit, Luxuria, Greenage, Senorita, Magnificia and Water’s edge. They have an array of amenities from swimming pools to party halls, fitness centre, sports area, sauna, gaming area, restaurant, medical facilities, screen theatre, health clubs, recycling area, helipads, valet parking and many more. All of these projects are based in areas like Sarjapur Road, Hennur Road, Malleshwaram, Hosur Road and Old Madras Road.
The projects are also distributed in places like Hyderabad, Goa and Mysore. All of these projects are 3 BHK apartments and Gold Summit is supposed to be the tallest homes in Southern India. The projects in Goa and Hyderabad are divided in to villament flats, penthouses and row houses. They are all well equipped with modular kitchens and home automations.
Owing to the increased demand in luxury projects, we hope to see an increased number of buyers and many more upcoming projects in future from various builders.
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