It doesn’t matter whether you are an expat or native to a given Indian city, if you have a strong savings account the luxury housing market has typically been viewed as more immune to the fluctuations of the housing market than the lower end of the spectrum.
However, the trend is changing and so is the meaning of luxury homes in India. Amidst the growing demand of affordable housing options, somewhere the luxury homes have started losing their sheen. Yet there is still a sigh of relief as there are builders who are actually mixing up the concept of affordable and luxury housing into one and coming up with projects that are not too pricey yet have all the luxury features.
Here are our four best Indian cities where you can invest in some of the best and rightly priced luxury homes:
The city is the economic zone of the country with some of the best realty spaces stationed here. In terms of real estate pricing, Mumbai is still counted amongst the costliest Indian cities. The phenomenon is associated with all line of housing but stands true to the core for luxury homes. Mumbai encapsulates headquarters of some of the largest financial institutions and multi-national corporations and thus the income earned here can be staggering. Therefore, the choice of home and its standards are ever increasing. Thus, the need of luxury homes in Mumbai also continues to increase.
Delhi and the NCR region are counted amongst the poshest areas of the North Indian region. Gurgaon is one of the most preferred locations for those who seek to have luxurious housing options. The city has successfully positioned itself as one of the most desirable business destinations in North India. Realtors are taking a lot of interest here as they can expect handsome returns from luxury housing. The price points for luxury housing in the prime areas of South and Central Delhi falls between Rs. 15,000/sq.ft. to Rs.R 65,000/sq.ft, approximately.
Tagged as the Silicon Valley of India, Bangalore has reaped multiple benefits from the country’s IT boom, even during the economic slowdown and the worst of recession times. Bangalore experiences the maximum migration activity and encapsulates a very high density of highly educated and qualified professionals; thus, the need for excellent housing options that matches with a varied budget is ever present. Moreover, software development firms and business processes are eyeing the city as their targeted business arena. You can take note of a range of villas in Bangalore city that are at a good rate and replete with desired amenities.
The city is fast emerging as one of the top places for realtors and their luxury residential properties. In addition to Bangalore, Chennai is another South Indian city to experience high migration activity. IT firms and IT-enabled business processes have stationed their branches here and this has managed to pull expats from other Indian city’s. The luxury accommodation here is offered at affordable rates and the growth of the luxury housing segment is anticipated to grow by leaps and bounds.
The Indian cities mentioned here are some of the most preferred one and each one of them has something in store that matches with the dynamic needs of the buyers. The luxury components added in each of the house in the mentioned cities are of world class quality so that living here is comfortable and an experience of lifetime.
Vineeta Tiwari is a keen writer on Global Economy and Realty market. She has written articles on Global realty market and ongoing trends and tips for investors. An ardent reader, she is happy to pen down research based write-ups for global audience. Currently, she is professionally associated with popular realty portal, 99acres.com.