Demands in the luxury space have been rising rapidly from the past few decades. To cater to the
needs of people, a number of projects in the luxury residential area have been conceptualised
over the years.Globally, the luxury property is growing swiftly from the last few years. This is
contrary to what we keep on hearing about the trouble-ridden real estate market. However, the
numbers and statistics reflect that there is definitely a downshift in the real estate segment. Now,
if the real estate is experiencing a slowdown, then what is making the luxury residential segment
boom? Let's have a look at the factors that are keeping luxury spaces in demands.
Quality of Life:
Quality of life has become an important factor while deciding on a home. Factors like ease of
living influence the investment choices significantly. Moreover, due to changing lifestyles, the
customers are demanding flats that have world-class decor and are constructed, keeping in mind
the cutting-edge technology.
The modern homes come with a lot of these features, which, in turn, also reflect the social and
financial standings of the people. Sports-like leisure activities have been the core theme of the
recent luxury projects. They are also packed with amenities that are directed to make the lives of
the people simpler. Hence, luxury housing is becoming a trend and is dominating real estate.
The Inclination towards International Standard Homes:
The rental agreement renews automatically after a month unless otherwise communicated or altered verbally or in writing by any of the parties.
The home-buyers of today, especially millennials, are inclined towards international standards of
living. They are well-versed with the elite homes and hence have growing aspirations to buy a
home with aesthetic appeal along with durable interiors. The choice of appliances and furniture
is also governed by the comfort they provide.
Connectivity and better neighbourhood:
The homeowners are focusing more on technology-enabled and connected homes. Often the
luxury homes are well-connected with modern facilities and basic necessities like hospitals,
airports, gardens etc.
Another aspect that makes luxury projects popular is the perfect environment they provide. The
children get a perfect surrounding to grow up holistically, and the adults get the right
environment to socialise in.
Family Indulgence and Innovation:
Large and luxurious areas allow enough space for family socialising and indulgence. Executive
and extremely spacious family homes provide an ease to conduct events or get together's, or host
parties and dinners, which has become one the most sought-after factors these days.
The constructors today, are also focused on harnessing the power of innovation like artificial
intelligence in their luxury projects. Digital locks, temperature control, wireless communication,
sensors to control the ambience lighting, etc., are common in the luxury homes. These features
have lured that segment of the community who prefers convenience and comfort.
To sum up, luxury housing is the fastest growing real estate segment despite the odds in the
market. To cater to the growing needs of the people, KGK has built ultra-luxury homes in Jaipur,
which is a well-developed city with a rich heritage. If you are planning to invest in a luxurious
apartment in Jaipur and looking to build your dream home,
check out project The Oasis by KGK Realty. The project highlights include premium facilities like
yoga and fitness centre, rejuvenating spa, elegantly decorated entrance, mini theatre, etc. You
can avail these facilities at affordable prices only at KGK.