The economic liberalization of the nineties brought with it industrial development and economic growth. For the last two decades and more, India has been one of the fastest growing major economies in the world. The rising affluence of the citizenry has caused a simultaneous rise in the demand for luxury homes. According to Forbes, India boasted as many as 101 billionaires in 2017, and the number is set to grow in the future. In addition to that, more than 2.36 lakh people in India are millionaires.
It is no surprise, therefore, that there is a huge demand for luxury housing in the country, and that demand is growing steadily with every passing year. Property developers too are building world class, state of the art residential properties to satisfy the demands of their wealthy and discerning clientele. Some of the most important features of a premium luxury home have been listed below for your perusal.
· Technology: When it comes to luxury housing, automation is the buzzword that is being talked about by developers and homebuyers alike. Smart and energy efficient homes with state-of-the-art amenities, powered by the latest gadgets and technologies, are demanded by the new generation of homebuyers.
· Space: A luxury home must be spacious and open, allowing for the unhindered entry of natural light and air. It should be large enough to comfortably accommodate every member of the homeowner’s family, as well as all his belongings. Apart from that, the interiors should be designed in a way that allows for the most efficient utilization of all available space.
· Location: Luxury homes are usually situated in prime locations of the city. They are well connected to all parts of the region via roadways and highways. They are also close to all the important landmarks of the city. Every important amenity such as schools, hospitals, shopping complexes, etc. must be within easy reach of the luxury flat or villa.
· Construction: The raw materials used for the construction of the luxury home should be of superior quality. All the fittings, fixtures, accessories and furnishings must be impeccably manufactured and sourced from reputed suppliers. Factors such as exterior and interior makeovers, design rebuilds, bath and kitchen renovations and architectural nuances should also be considered carefully when building a luxury home.
In order to buy luxury flats in Mohali, Chandigarh or any other part of Punjab, you should check out the websites of some of the most reputed property developers operating in northern India. You can then choose to buy a flat or villa in one of their latest, most hi-tech residential projects.