Luxury builder floors provide a modern product at a relatively affordable price relative to traditional high-rise apartment buildings. The integration of prime locations, modern construction techniques, low-density living and reasonable pricing provide a combination that matches what many buyers desire today.
So, what are the reasons that everyone is talking about the newly popular fad of luxury builder floors in Gurugram? Let’s look at how we are defining luxury living differently than previous generations.
Previously luxury was defined by having height, brand name or logo identification and common amenities. The development and construction of tower apartments with large-scale clubhouses and flashy marketing brochures was the definition of luxury property. As Gurugram matured into today’s definitions of Real Estate buying preferences, buyers have started to see through this facade.
Today luksuri means; More Space Not More Height; Privacy Not Crowded Conditions; Tranquility Instead of Constant Noise; Long Term Investment Return Instead of Quick Returns.
New definitions of independent living perfectly match the luxury builder floor concept. Luxury builder floors create an independent living style format that is independent of the conventional constraints of living in large multi-family apartments located inside a multi-family complex.
A Look at Luxury Builder Floors
Luxury builder floors are typically low-rise residential homes built on land as individual independent units on a specific floor. Luxury builder floors differ from a high-rise apartment building that has several families sharing the same common areas. Luxury builder floors provide a larger degree of independence through:
Fewer neighbours
Greater Privacy
Improved ventilation/natural light
A more personal living experience
In the Gurugram Market, these types of homes are typically situated in well-established areas and offer excellent connectivity to major roads, schools, hospitals, workplaces and lifestyle developments, making them suitable for both owner-occupiers or investors alike.
Prime Location Drives Demand for Luxury Builder Floors
There are a few key points for the increase in demand for luxury builder floors within Gurugram’s top-rated areas; the first point is the demand for luxury builder floors is being driven by the availability of luxury builder floors located within some of the most desirable locations in Gurugram.
Proximity to Corporate Hubs along the Golf Course Extension Road
Sectors 57, 63A, 65, 66, and 67 have historically been known for their premium living environment. It is also essential to highlight that the luxurious builder floors located in these prime locations are located very close to corporate hubs, elite schools, elite hospitals, and elite social infrastructure. Luxury builder floors in these areas typically provide a better price-to square footage value compared to nearby high-rise apartments.
Southern Peripheral Road (SPR) : Southern Peripheral Road (SPR) has emerged as one of the Wisest Residential Corridors in Gurugram.
-High quality of life through easy access to wide roads and development planned for New Gurugram
-Smooth transition and easy access to Golf Course Extension Road and NH 48
-Great potential for appreciation in the future
-Young families and professionals looking to move up from apartment living have shown an increasing interest in the area where Luxury Floors are currently being built.
New Gurugram (82-95) : Investors/Consumers are drawn to the New Gurugram area and surrounding sectors (82-95, 101) for the following reasons :
-Lower pricing for property purchases vs. similar locations
-Nearby access to NH 48 and Dwarka Expressway
-Continued rapid development of Infrastructure
-The Luxury Floor Market within this sector is projected as having the greatest potential for both rental demand, and continued appreciation of property values.
Dwarka Expressway Belt (104 & 88A) :
The Luxury Floor market in the Dwarka Expressway sector of Gurugram has recently begun to change the concept of ‘expressway living’ in Gurugram, allowing consumers easy access to Delhi (NCR) and IGI Airport from a wider area. Professionals working in Delhi have recently begun purchasing Luxury Floors along this corridor of the Dwarka Expressway (104 & 88A); this is evidenced by the significant number of new construction projects now underway.
As many new Luxury Floor projects are completed along this Corridor, the demand for Low-Rise Housing within this Corridor will continue to increase sharply.
Affordable Luxury Deals with High Quality Amenities/Residences:
One of the largest misconceptions of Luxury Volume 2 is that they are always high priced. In reality, a number of Luxury Builder Floors are currently on the market in Gurugram and are available at very affordable prices and, in some instances, less than branded High-Rise Apartment Buildings.
What factors influence the pricing of Luxury Builder Floors?
-No Heavy Maintenance / Upkeep Amenities
-Lower Construction Costs
-Land Value-Based Pricing for Land Purchase and not Builder Brand.
This allows for Luxury Builder’s floors that are affordable and provide their buyers with:
-Larger Carpet Area
-A More Independent Living Atmosphere.
Lower Upkeep Costs
With many buyers realizing they can own a larger, better-quality home in a prime neighborhoods and pay no more than they would for a high-rise apartment.
Reasons For Buyers moving Away From High Rise Living
A growing number of dissatisfied residents who live in high-rises are also making this shift toward luxury builder floors. The most frequently listed reasons for buyer dissatisfaction include:
Overcrowding in elevators and common areas
Rising Maintenance Costs
Less Privacy
Slower Appreciation in Oversupplied Areas
Luxury/flooring addresses many of These Concerns by creating Low-density Living where Owners may have Greater Control over their Living Spaces/Ownership.
Modern Design/Compatible and Functional Living Solutions
Today’s Luxury Builder levels Are Not just Ordinary Residences; Rather they have been Professionally designed/Homes to be Functionally-Efficient and Provide Modern Solutions to the needs of Today’s Modern occupants.
Typical Luxury Builder Features Include ;
Modular Kitchen With Premium Quality Fittings and Accessories
Brand Name Flooring or Sanitary Ware
Dedicated Parking Spaces and Exclusive Passenger Elevators
Spacious Balconies and Expansive Windows
Smartly Designed Spaces with the Best Use of Available Square Footage
Increasingly, Luxury Builder developers are focusing More on the End-User Needs when Designing These Properties to ensure owners enjoy the benefits of living there in Comfort, Practicality, and Prepared for Future Use as needed.
Investment Logic Behind The New Trend Of Buying Luxury Builder Properties
Luxury Floors are not just a Luxury Lifestyle upgrade; They are also Smart Investments.
Land-Focused Appreciation
Luxury Builder floor can be directly connected to Land Ownership; As Land Becomes Scarce in Prime Districts of the City; Luxury Builder Floors may appreciate at a Greater Rate than High-Rise Properties
In High Demand
Low-rise buildings are the preferred choice for many expatriates, corporate families and working professionals who want to be closer to their workplace. As a result there is a very strong demand for rentals.
Supply Limited
There is a limited supply of plotted developments in prime areas. Once those plots are fully developed, it will become increasingly difficult to develop new plot levels hence driving prices up.
Who are the buyers of luxury floors in Gurugram?
The profile of buyers of luxury floors in Gurugram is varied.
Families looking for more privacy or space
Professionals who want to upgrade from apartments to a larger space
Investors with a strong interest in capital appreciation
Non-residents of India (NRIs) who are looking for a premium, low maintenance home.
Having a diversified purchaser base creates a stable and liquid market for luxury floors.
The Importance of Timing
Now is an ideal time for buyers to take advantage of developing low-rise luxury floors in prime locations that are becoming available.
There are a number of developments moving towards completion in Gurgaon which have created a greater awareness of what is available and what has historically been in demand in Gurugram. With an increase in demand for low-rises, and a dwindling supply of low-rise properties in prime areas, there is no better opportunity than now for buyers to purchase a luxury floor at a reasonable price before they go higher.
Key Takeaways : Logical Justification for the Buzz surrounding Luxury Floors
Luxury Floors, as a residential option in Gurugram, generate considerable buzz amongst home buyers today as there are very justifiable reasons people are considering these homes. Luxury floors offer buyers these advantages:
-Prestigious Locations
-Intelligent Pricing
-Enhanced Quality of Life Value
-Excellent Long-term Returns
Within a city that has a long-standing history of growth and intelligent buying decisions, the demand for luxury builder floors as a residential option has become quite popular because they provide home buyers with the two most essential components of comfort and confidence.
If you’re looking to purchase in Gurugram, you should look at the advantages of Luxury Floors over High-Rise buildings. This could be one of the best decisions you will make in your life.
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website : www.paramountluxuryfloors.com