Robust Demand For Luxury Homes in Bangalore

Bangalore: The garden city, Bangalore is experiencing high demand for luxury homes. Over the past few years, the real estate sector of Bangalore is observing stable demand for luxury homes and majority of buyers still want to invest only in luxury home segment, reports Nidhi Vashisth of MagicBricks Bureau.

Ashok Gandhi, a city-based realtor stated that, in Bangalore people are seeking apartments which are either furnished or semi-furnished. Super luxury villas and condominiums within the city as well as outskirts are on high demand, which fetches high-end comfort and world-class lifestyle to buyers.

Considering the fact of high demand, developers are now projecting hi-tech features in their projects to lure home buyers. The real estate sector of the city is one of the most favorable destinations of foreign investors, so it is essential for the developers to plan their projects accordingly which would offer global living standards. To meet the former standards, developers are shifting from basic amenities like infinity swimming pool, recreation areas, spa, gym, club house to terrace gardens, CCTV, designer architecture floor plans, remote control switches, Jacuzzi, water-bodies with every apartment, earth-covered villas and smart-homes.

In Bangalore, prominent developers like Prisha Properties, Skylark, DLF, Unitech, Sahara, Omaxe and Mantri are coming up with luxury villas and apartments. There has been a shift in lifestyle and now people are not just seeking home only as an accommodation or investment purpose, but as a new lifestyle statement, stated Ramesh Sharma, a city-based property consultant.

According to Ashok, the city is witnessing demand for big villas in areas like Whitefield, Off Sarjapur Road, Lavelle Road and KR Puram. And the capital values of apartments in luxury segment have increased 10 to 15 percent in the period between July-December 2011.

High net worth individuals (HNI), big corporate professionals and big businessman, are driving the trend of luxury housing aloft. The reason behind this craving is to achieve a superlative lifestyle with high-end amenities, which is now the motto of these people.