Luxury in India, although growing slowly, has never faced any major setback. So, what are some of the features that modern millenniums look for in a luxury home?
Quality construction
The quality of the raw materials, fittings, furnishings and accessories define a luxury home. Not just the construction, such home providers also have to attend to an array of services — improvement services such as interior and exterior makeovers or kitchen and bath renovations, concierge, design rebuilds or architectural makeovers.
Space
Space is the basic in a luxury home even if the property is in some of the prime locations like Mumbai. Therefore, if you are looking for an apartment in Mumbai at anywhere above 3,000 sq ft, be ready to spend anywhere between Rs 10 to 30 crore or even more.
Location
Luxury is also defined by the location the property is situated in. Large traditional homes in small cities or in the peripheries of big cities do not qualify as luxury. Therefore, the location has to be coveted, pricey and aspirational in every sense. Not just the location of the project but the location of the unit can also bring about differences in pricing.
Neighborhood
A luxury neighborhood invites the attention of the choicest few. Therefore, luxury developers target this niche populace and are cautious about maintaining the brand-value. These are properties where residents insist on privacy and therefore single unit per floor concepts became popular over time.
Trend-setter
Be it the way you dress the home, the landscape, the kitchen or amenities such as pools, fitness centers and entertainment zones — each of these should be a trendsetter in itself but not quite either. Pricing always keeps the quality of amenities at an aspirational level. Hence, a pool in a luxury project and that in a mid-ranged project is not quite the same. Hence, luxury projects add to the charm which regular project, at most, try to ape. Similarly, homes with gazebos, outhouse, or an outdoor leisure space are a rarity and hence, the price.
Entertainment at home
An entertainment zone that is equipped with a personal gaming zone is the new addition to a luxury home. The latest-in-the-market gadgets are a must-have for the young and old alike. The main purpose behind this feature is to create a space where a home buyer never feels the necessity to leave the luxuries of the home.
Fitness first
Most of the luxury properties come equipped with a personal gym. The wealthy would prefer to sweat at the comfort of their property rather than going outside to other gyms. Luxury homes have a professionally managed gym that comprises of all the required machines and weights and have a television, wireless speakers and other gadgets in place that lets the owners gym in style.
