The cutthroat competition and breakneck pace of real estate sector is legendary. But trends in real estate in India take quite some time for acceptance from the public, to break away from the conservative outlook of the builders and public.
Tight-fisted, sparing only the bare essentials . Doors. Walls. Provisions for a showcase. Plain cupboards. Aesthetic impression and smart living was definitely not their top priority. The mindsets and trends are changing.
Wealthy part-time residents, deep-pocketed golfers, affluent families and a richer middle class have quietly transformed India into a luxury-home hub in less than a decade. People who were investing in luxury homes were, predominantly, not affected by the rising interest rates and the market was robust health then. More and more builders are defying the prevalent limitations of exhibiting opulence in building apartments. Most real estate biggies shifted to luxury apartments and catered maximum to this niche segment. Then came the market slump. This luxury segment was hit hard during the slump and now walks with crutches. Though people want to now invest safely, with such cut throat competition in the market and each builder competing to offer more than the other, the age of opulence in buildings is far from over.
Air conditioned homes. Home automation. Glass facades. Structural opulence. Swimming pools. Security systems. Gourmet or designer kitchens, and home theaters and more! What was luxury yesterday is a necessity today! When was the last time you heard a builder hawk these product features? Today morning’s newspaper? Hifi homes have become the order of the day. Soon a day will come when Jacuzzis in the bathroom will no longer fascinate the public! Sooner than you can think!
We shall look into more hifi homes of day, imbibe some features, learn the nuances, builders that provide these features so on and so forth in the coming blog posts.
