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Penthouses in Chennai gain demand

Comments(2) Sub Category:Chennai,Cities,Real estate trends,Realty News Posted On: Feb 26, 2013

Penthouses in ChennaiChennai – The builders in Chennai are nowadays preferring to construct penthouses. Penthouses are luxury icon and offer enough privacy with numerous amenities.

A penthouse is constructed on the top floor of a building. They are different from rest of the apartments in terms of height and luxury features. Penthouses are located at a higher altitude and offer personal terraces and other lavish amenities which are generally not provided to other apartments or flats. Additionally, they have larger accommodation area as compared to apartments.

These penthouses are generally priced at a higher rate which means that is it beyond the reach of middle class segment. They are generally constructed within an area of 3,000-4,000 sq. ft. The construction of penthouses in Chennai is on boom and have largely affected the capital values in the city. It is expected that increased construction of penthouses in any city would result in reduced green ecosystem.

Builders are offering excellent and exclusive features to attract more and more customers. The include as smart home technology, automatic security and surveillance systems, fast elevators, jacuzzi, etc.

Penthouses redefine luxury in real estate and is a sign of economic growth. The idea of penthouse was first born in New York (1920s). People had enough money and space which resulted in construction boom to New York City. Thus the idea of creating luxury apartments on the top floor was conceived.

As time passed, builders added some new ideas to decorate penthouses which later on became an important part of the residential segment in western countries including India. Earlier, penthouses were used to house mechanics such as the controls for the elevator system, heating and cooling systems etc. But now the trend has completely changed and gradually these penthouses became a necessary feature for high rise buildings. Also, some penthouses have been insulated to help reduce cooling costs.

Penthouses has now become a very important element of the real estate projects but it is affordable only for high income class people.

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