Here Is Why The Demand For Luxury Homes Is On The Rise
With the expansion of the city’s IT sector, more and more people have started calling Pune their home. As a result, there has been a rise in demand for better living standards, leading to an accelerated demand for luxury real estate in Pune.
Homebuyers are enthusiastic about having homes that offer them space, health, hygiene, and comfort. It is the need of the hour and will undoubtedly be an essential requirement in the housing sector for years to come.
Several real estate developers have launched projects replete with world-class designs and top-notch amenities to meet their growing aspirations. ABIL Group has been at the forefront of providing for the demand in luxury space, with offerings that emulate these aspirations.
These are some reasons for the rising demand for luxury housing in the city:
1. A Rise in the Standard of Living
Finding the right home has forever demanded patience from the buyers, but as the real estate business is now immersed in demand for luxury housing, several dream home projects are cropping up on Pune’s landscape.
2. Matching the International Standards
To serve the increasing aspirations of homebuyers and stay competitive, developers create homes outfitted with state-of-the-art technology, facilities, appealing layouts, well-designed decor, touch-responsive accessories, top-notch security, etc. The demand for premium housing has led to more and more sophisticated technology to embellish the luxury apartments. Avaanti Residence is an offering that represents an amalgamation of international standards and traditionally in-demand locations of Tilak Road.
Growing concerns for the environment have prompted governments and developers to create spaces that encourage nature’s nurturing. The luxury flats in Pune are outfitted with the latest technology for residents’ comfort and offer facilities like rainwater harvesting, recycling plants, and solar-powered amenities.
3. Need for Space
Sustainability and exclusivity have become a critical factor for many buyers. Luxury flats in Pune that come with thoughtfully-designed outdoors stand as these spaces offer an extension of your home that allows for safe interactions with people. Castle Royale Towers provides a precise balance between private and community comforts.
A luxury home is now expected to be a part of a luxury community. There is now a learned need for housing with the right security and hygiene measures. And, the increased awareness about environmental concerns and a growing understanding of health issues due to pollution, has led home buyers to demand eco-friendly homes. The demand for premium housing now also includes a need for spacious common areas and facilities for exercise.
4. Increased Investment Potential
Luxury apartments are always in demand by individuals who see them as the perfect investment opportunity. Aided by lifestyle changes and elevated ambitions, the definition of luxury has evolved. Investing in a property can also be viewed as an exceptional tax-saving alternative among the country’s high income-earners. Several NRIs also find the Indian real estate market ideal for investment, which has further improved the demand in the luxury space. Areas like Koregaon Park, Kalyani Nagar, etc., are booming social hubs that draw several international and domestic investors. Verde Residences is one such project in Kalyani Nagar that offers luxury houses that appeal to global tastes.
In conclusion, the demand for luxury housing has been rising thanks to increasing earning potential combined with a better awareness of global concerns among homebuyers. And ABIL Group’s offerings take both these things into careful consideration by delivering global solutions for these concerns.
