Riches are investing in extravagant homes – A welcoming shift in trend for developersAfter a hectic schedule convincing buyers about condos and high value homes previous year which went unfulfilled, developers are happy to experience a shift in trend. According to realty reports from fastest growing cities and metro cities in India, High Net worth Individuals (HNIs) and upper middle class individuals are investing in extravagant homes.

With the trend, real estate developers in Delhi, and other cities are opting for different work module – and trying to work on better projects that yield profit from extravagant homes.

In the article, you can learn about the trend and what to expect from developer.

Why the shift in trend?

People are taking in new work opportunities and availing high income

People in metro cities are mobilizing their unused inventories

New budget and Modi government have simplified home buying segment

Developers are luring in new customers with living spaces that are affordably designed

Developers usually earn rewards and value return on developing such high value homes. So, they do not think enough on limitations on experimentations. It is common from developers to design and experiment homes with a mix of villas and other semi and classic home design concepts. Earlier days, when real estate in India was a booming trend, developers gained profit from experimentation.

An extravagant home is a luxury-oriented homes and differ from a high range model. It consists of rich facilities and factors such as accessibility to major comforts; turn such facilities a unique residential ventures. Flats and villas starting from as high as crores earn customer attention if designed by builders with specialized attention to details.

If you are to opt for classic villas in Delhi, extravagant homes in Delhi, residential apartments , please visit PropKnack.com – India’s trusted real estate source you can compare to avail listings. Compare from extravagant homes and opt for quality living apartments.

I need to invest in a luxury apartment– Can you solve me out with common concernsSomeone has asked our property consultants the question. So, besides being posting it in our forum. We are posting it on article section since we believe it is very crucially important question. So, read on and if you have any query, shy not asking us in comment.

The real estate trend was in southward during 2011 -2013 due to stiff competition, uninspiring development efforts from developers, strict laws and high interest rates on loans. This has led to low sale of affordable and mid-segment housing projects because consumers were uninterested in buying low yield homes at a time when laws were not too friendly. But one segment that rose at tat time and even doing well is luxury segment.

Why has luxury homes been in trend than affordable homes

A range of factors played a crucially vital role in helping ultra luxurious homes receive attention from consumers. Some of the important reasons are mentioned below –

Falling price of rupees

Increase in net worth of individuals

Interest of NRIs in purchasing ultra value apartment

Readiness of consumers to mobilize their unused inventories and investing in real estate

But before you stoop to buy an ultra value home, consider the following aspects because investing in an apartment in Delhi or purchasing a extravagant home in Delhi or in any other cities require you to spend cash which is far exceeding affordable homes.

Ensure you know in written the carpet, super built up and built up

Learn if the property is legally safe. If required, visit local municipal board to confirm

Compare the features – a luxury home provide interesting in house facilities

Compare the built up features

It is important that you buy apartments from a trusted developer.

To keep on learning about property and homes, you can visit PropKnack.com – a trusted real estate site