Luxury Apartments - The Epitome of Comfortable Living
India has witnessed a significant upswing in the demand for luxury apartments across bustling metropolises like Bengaluru, Chennai and emerging regions like Mysuru. According to multiple reports by news agencies, a CBRE South Asia publication cited a whopping 130% rise in premium housing complexes nationwide. Factors such as political stability, resilient economy, etc, are attributed to the demand surge. Favourable foreign direct investment regulations in the real estate sector also contribute to increased demand for high-rise apartments.
Before you make a beeline for the same, you must consider a few factors prior to investing in luxury apartment buildings.
What is a Luxury Apartment?
Gone are the days when luxury buildings were synonymous with the upscale location and size of the residential enclave. High net worth individuals who desired expansive bungalows in prime areas of Chennai, Bengaluru and bustling city centres of Mysuru were the typical owners of such premium residences.
The present day luxury properties are quite different from those in the bygone era. The interiors of the apartments were typically characterised by their simplicity. Rich-looking color palette, solid construction base and minimum amenities like a gymnasium and a children’s park uplifted the status of a housing complex to a premium building.
However, India underwent a transformation influenced by economic prosperity, a burgeoning young population with rising disposable incomes and exposure to global trends. The change redefined luxury apartment living to a significant extent. It now encompasses many amenities and conveniences, creating a truly opulent environment.
Modern high-end flat units are fitted with plush fixtures, classy finishes, and cutting-edge appliances. World-class amenities like multi-purpose clubhouses, gymnasiums, swimming pools, salons and concierge services are some of the salient features of luxury flats. Deluxe apartments boast high ceilings, expansive rooms and airy balconies, all meticulously crafted from top-tier materials.
Why Choose a Luxury Apartment?
From prime locations and expectations of elevated living to high return on investment (ROI), the advantages of buying luxury apartments are multifaceted. Here’s a look at some:
The luxury of having high-end amenities like state-of-the-art fitness centres, spas, swimming pools and movie theatres within the complex is one of the key drivers of premium apartment demand.
Luxury buildings are designed to cater to your every need and mood with facilities like concierge services, rooftop lounge, landscaped gardens and 24-hour security among others. These luxury amenities evolve your living experience and provide opportunities for social interaction and leisure without leaving the premises.
Location is a crucial factor in real estate, and luxury apartments are often found in prime locations, whether in the heart of the city, near picturesque waterfronts or amidst lush landscapes.
These locations offer not only convenience but also breathtaking views. Waking up to a skyline panorama, ocean vista or tranquil park can enhance your overall quality of life and create a sense of serenity that is hard to put a price on.
While luxury apartments may come with a higher upfront cost, they are often sound investments in the long run. Plush properties with desirable features in prime locations can draw excellent resale values.
Even if you are not planning to sell your apartment anytime soon, you can benefit from potential rental income if you decide to lease it out. Luxury residential enclaves consistently attract tenants willing to pay a premium for living in such opulent surroundings.
Sustainable and Smart Living
Luxury apartments place technology at the forefront, providing the ease of smart home features. You can effortlessly manage lighting, security and climate settings at your fingertips, enriching your daily life through state-of-the-art advancements.
Furthermore, these upscale residences wholeheartedly embrace sustainability by incorporating eco-friendly materials and energy-efficient systems. This not only minimises your impact on the environment but also leads to more economical utility bills.
Different Types of Luxury Apartments
Here is a peek into the three different types of luxury apartments in Mysuru and other metropolitan cities that are diversifying real estate investments for homebuyers:
1. High Rise Apartments
Builders are capitalising on opulent living within limited real estate to unveil a series of exquisite luxury apartments in Bengaluru and other cities.
Resembling the famed skyscrapers of New York, USA, the prime residential towers represent the pinnacle of opulent living. Their residents revel in a lifestyle of sophistication complemented by breathtaking views of the city skyline. These high-rise buildings offer an array of amenities, including concierge services, around-the-clock security, state-of-the-art fitness centres and rooftop pools.
The interiors of these luxurious apartments are equally exceptional. They boast premium finishes, generously proportioned living areas and the integration of cutting-edge smart home features, redefining luxury city living.
2. Penthouse Apartments
For some, privacy defines premium living. The quest for the same lands them at the doors of penthouse apartments. These buildings are typically located on the uppermost floor, affording residents greater seclusion from the urban commotion and activity below.
Breathtaking vistas of the city skyline or the natural surroundings are some of the perks that make penthouses a popular series of luxury apartments in Chennai and other metropolitan cities.
Penthouse apartments are known for their spacious, open floor layouts that are perfect for entertaining options like hosting parties or pure relaxation. They typically feature taller ceilings than other units, creating an even more expansive and opulent ambience.
3. Serviced Luxury Housing Complexes
The multifaceted benefits of this apartment type make it a rage among real estate investors. You can choose to reside or lease it to home rental companies like Oyo or Airbnb. The dual use makes serviced luxury apartments great investment options.
A serviced apartment is known for its generous space, which sets it apart from typical hotel rooms. They have extra features like a fully furnished kitchen, a cosy living room and separate bedrooms. Such a medley of comfort features makes them an ideal choice for business travellers, families and other individuals seeking more space and amenities during their stay.
This residential apartment is generally located within a favourable distance from commercial hubs and airports. The proximity makes the real estate project a widely chosen option among business professionals.
As urban centres evolve, luxury apartments remain a symbol of contemporary living, blending comfort, exclusivity and convenience. Premium housing complexes' allure can be compelling for those seeking a place to call home or a lucrative investment opportunity. Your journey to luxurious living begins with the choices you make today. The considerations outlined in this blog are your roadmap to realising that vision.