Real Estate: Strong Signs Of Growth, And The Luxury Housing Continues To Witness Good Times

The past few years haven’t been the best years for economies across the globe. Post-pandemic disruptions, escalating geopolitical situations and high inflation were some things that affected economies.

However, this was also the phase where the Indian economy was recovering. There were various sectors that were affected by the pandemic, but the real estate sector stood strong and withstood the market volatility due to factors such as urbanization, the importance of home ownership, the growing population and rising incomes.

While the year 2021 was a good year for real estate, there was drastic progress in the year 2022, with 68 percent growth YoY. The residential sector in particular has witnessed a high demand, registering high sales in cities including Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata and Pune.

While that is the ground reality, the luxury real estate market is the key driver that is the main reason for the sector’s performance. The real estate sector is set to grow. It presents first-time and seasoned investors with exciting short-term and long-term investment opportunities. 

If you are interested in luxury properties, here are a few reasons why you should consider investing in the luxury residential segment.

Tailored solutions for redefined lifestyle:

The pandemic brought hardships and uncertainty that impacted the luxury residential segment. However, the pandemic also highlighted the value for health, wellness and safety, which pushed homebuyers to rethink their lifestyle choices and put the spotlight on luxury homes.

Homebuyers began looking for spaces that offered multifunctional spaces, beautiful views, landscapes and a serene environment.

Best-in-class amenities:

Whether you are looking for luxury apartments in Koramangala or villas in Whitefield, they come with high-quality developments and state-of-the-art amenities. The best-in-class amenities include green spaces, vast open spaces, automation and various courts and dedicated spaces for you and your family. Apart from this, luxury properties are also situated in excellent areas, which is close to everything.

New age digital tools:

Digital tools by top developers have made it easier and convenient for global citizens to check out and buy luxury properties. The near-physical experience using virtual and augmented reality helped customers explore property options and allowed them to virtually customize their selections.

High returns on investment:

Apart from the thriving lifestyle, luxury properties offer high returns on investment. While this is because of the fact that luxury properties are located in excellent areas, they are close to everything, from educational institutions to hospitals. Also, with people becoming more conscious about their lifestyle choices, there is a high appreciation key for luxury properties.

Sustainability factor:

Sustainability has become an important factor when buying property. The inclination towards sustainability among new age home buyers has been fueled by greater awareness and sense of where the future lies.

Whether you are looking to buy luxury apartments in Koramangala or villas in Whitefield, real estate is poised for steady growth and luxury properties is one of the top choices among niche homebuyers.