The Return of Luxury Housing in India

With each passing day, the real estate market witnesses changing trends. A luxury housing project or an affordable housing project can flood the real estate market at the same time. Even better, some real estate projects combine luxury and affordability. Newspapers, in particular, are full of articles about new housing projects. In the glossy supplements, newspapers and magazines, advertisements for housing projects are occupying a greater amount of space focusing mainly on luxury housing projects. Luxury is the new era, and everyone seeks it!

With the number of affordable housing advertisements being outnumbered by luxury housing advertisements, more and more builders and developers are becoming addicted to luxury housing. Eye-catching images of lavish villas or high-rise apartments are hard to ignore. Prominent builders like New Era Group have several luxury housing projects that have at the construction stage. This should not be mistaken for affordable housing is out and luxury housing is in. The real estate developers have been targeting the low-to-middle-income groups stressing affordable housing and making it one of the largest segments in the Indian real estate sector At the same time, developers acknowledge fatter pay packages and increased spending limits for potential buyers. Lifestyle changes demand higher living standards. Upgrades and higher living standards can be achieved with quick and easy Home Loans. Changing mindsets have had a significant impact on the real estate industry. Necessities have traveled a long way from basic to high-end. Those are the days when having pleasant neighbors was enough. Today, neighbors need to blend quality and status.

The rapid development of the Indian economy has been a driving force in increasing people's purchasing power, especially the younger generation who is keen on luxurious property investing. Real estate developers have even moved on to ultra-luxurious homes and are ready to serve ultra-rich clients. The recession phase diverted developers' attention from high-end housing to lower segments, but with things becoming normal high-end housing has again taken center stage. Economists predict that India is a major hub for wealth creation, particularly in Tier I cities. This has not been unnoticed in the real estate market. Luxury and ultra-luxury housing projects are back in full swing with options ranging from 1 BHK to Villa. Such projects cost between Rs.1 crore and Rs.15 crore. In the past year, ultra-luxury housing demand has sharply increased specialy in Goa . However, luxury housing is pretty insignificant in cities other than Tier I. Super luxury or high-end housing projects are built in limited numbers in posh locations and come with amenities like a personal swimming pool, lounge bar, and gym within the house.

The Indian Real Estate market is at an expansion stage where affordable housing will never lose its shine, as there lies a humungous demand for top-quality housing for the general masses, and luxury housing is set to flourish with the increasing number of super-rich classes in Indian society. Thus, it is evident that the real estate market is taking giant leaps to cater to all segments of society.

what is a luxury villa and how to recognize its luxury or not?

A luxury villa is a type of high-end residential property that offers luxurious amenities, spacious living areas, high-quality finishes, and an exclusive location. These properties are designed to provide a luxurious and comfortable lifestyle to the occupants, and they often feature top-of-the-line finishes such as marble or hardwood flooring, designer kitchens, state-of-the-art appliances, and spacious outdoor areas with private pools, gardens, and fabulous views.

To recognize whether a villa is luxurious or not, you should consider several factors. First, the location of the villa is crucial, as luxury villas are often situated in prime areas, such as beachfront or hilltop locations with panoramic views of the surrounding area. Second, luxury villas are typically equipped with modern and high-end amenities such as indoor or outdoor pools, private gyms, spas, home theaters, wine cellars, and other luxurious features that cater to the homeowner's needs. Third, luxury villas are often designed by renowned architects and interior designers with attention to every detail, from the layout of the house to the choice of materials, color schemes, and finishes. Fourth, luxury villas are usually larger and more spacious than typical homes, with expansive living areas and bedrooms that offer ample space and comfort for the occupants. Finally, luxury villas often provide a high level of privacy and security, with gated entrances, security systems, and exclusive access to amenities and services.

For example, a luxury villa might feature a private beachfront location with a stunning ocean view, a large outdoor swimming pool, a state-of-the-art kitchen with top-of-the-line appliances, a spacious living area with high ceilings and floor-to-ceiling windows, several bedrooms with en-suite bathrooms, a home theater, a wine cellar, and a private gym. The villa might also offer exclusive access to a range of services, such as a personal chef, a housekeeper, and a concierge, to cater to the needs of the occupants.

Hurry! With only a few units left, don’t miss out on this opportunity to be a part of the forward-thinking community at Melhor -Anjuna, Goa - Private luxury 3,2 & 1 BHK residences with customised private pool.

Melhor- A project by New Era Solutions Private limited located in the lush landscape of Anjuna, Goa- offers its residents a truly remarkable slice of coastal paradise to call their own:

🏝️ Portuguese architecture with a modern twist, sprawling over 6000 sq. mt. of prime real estate.

🛋️ Luxurious 3,2 & 1 BHK residences, each with a personalised Private Swimming pool (First time in Anjuna) 🍽️ In house Cafe, Lounge, Bar. 🧖🏽‍♀️ State of the art Spa & Gymnasium 📍 Well located. Close proximity to beaches, restaurants, markets, hospitals, top schools & local sights. 🙏🏼 Top of the line amenities and services- On call chefs & doctors, 100% power back up, house keeping/laundry, dedicated underground car park, staff quarters, security and more.

Today we remember the sacrifice of Jesus on GoodFriday, a powerful reminder of love and forgiveness. Let us practice compassion and gratitude #GoodFriday

New Era Group committed to offer 1 BHK, 2 BHK and 3 BHK luxury villas and apartments with personal swimming pool in North Goa India. Begin your dreams with Melhor. Residences for sale.