Over the past decade, both the lifestyle and housing preferences of the Indian population have undergone a somewhat drastic change. With the new and improved standard of living today, people have developed a different taste for luxury. Upon closely studying and analyzing buyer behavior in metropolitan cities of India, sellers are more motivated than ever to offer housing that is nothing short of luxurious.
People these days are obsessed with fancy furniture and high-quality decor. To call it a house, we want more than just four walls and a small garden. After all, your home is not completely your home till the time you cannot flaunt it to your friends and loved ones!
While most of us have our different reasons for wanting to shift to luxury housing, studies suggest that most of the buyers have some common grounds too. 2022 is predicted to be the year that will see a significant rise in the purchase of luxury homes, most probably the highest rise ever. As people who are a part or have a keen interest in real estate, it becomes important to discuss this issue at the beginning of the year and get to the root of it.
To answer “Why” people would like to live in luxury homes, we have a bunch of reasons for you.
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1. Location
For homes to be considered a full luxury, they need to be built at an ideal location. An ideal location is close to all essential amenities but is away from the daily hustle-bustle of the city. Its connectivity, ambiance, and the kind of view it gives of the surroundings are other important factors.
2. Security
Whether it is smart security gadgets or trained and qualified personnel, luxury housing has the presence of both. What attracts people to luxury homes is the sense of safety that they feel here. On one hand, hospitals are in close proximity due to the location and on the other, any accidents can be taken care of through instant installed modern technology responses systems.
3. Modern Amenities
Luxury homes have all the comforts you may ever need in life. These homes have pre-installed modern technology and one of the most gorgeous as well as trending interiors. They are built in an environment where people can not just live in style but also raise and build a family if need be. Gym, security, swimming pools, landscaped gardens, and community halls are just a few of the many amenities. The feeling of comfort is just an added benefit that comes along with these amenities.
4. Investment Value
Real estate is one of the most popular forms of financial investment to earn wealth. Luxury homes are seen as the most suitable investment opportunity since these homes are always in demand. While the demand fluctuates now and then, the returns on investment in the form of heavy profit are guaranteed.
5. Aspiration for Status
Buying a luxurious home is not a small deal. In fact, for many, shifting to a luxury home is just a dream that is still many many years away. For this reason, having one of your own is a matter of prestige and something all home buyers are proud of. These homes set standards and give their residents a proper status instead of just a postal address to be known by.
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6. Good Neighbours
With so many people living in luxury these days, these locations have come to be known as a particular society. Every society has some common beliefs, cultures, norms, and values. Most people living in the same kind of luxury housing find comfort in socializing with one another and prefer this environment for their children or even aging parents.
The demand for luxury homes is never the same. While the demand constantly fluctuates, what stays the same is that no matter what, luxury homes never go out of demand. We all know buying a home is not easy. Purchasing one requires immense efforts and there goes most of our hard-earned money! When you do finally decide to have a home of your own, you got to do it right. Luxury homes are the kind that do justice to all that goes into the whole process of buying your own house.
After understanding why exactly people constantly demand to live in luxury homes, we now know that buying a luxury home is never a rash careless decision. There are carefully thought and sound reasons that go into the final decision. Neither is it just people with a lot of money who buy these homes nor are the ones who are never satisfied with any home that comes their way.
Luxury homes are for people who want their dreams to come true, and ones who know that they deserve nothing but the best living conditions.