Skyrocketing property prices are making its extremely difficult for an average user to buy property in the national capital. However, the growing tribe of the High Net-worth Individuals (HNIs) doesn’t seem to be deterred by these developments. A lot of users ask for dwellings in posh localities with life style features like swimming pools, jacuzzis, water fountains, plunge pools, gymnasiums, wi-fi outdoors etc. And property developers seem to be dishing out new projects to cater to this, small but niche category.
Recently property developer India bulls launched and exclusive project called Castlewood in south Delhi. This project will have 550 premium luxury apartments along with all the modern amenities. Another developer Suncity has launched a premium project called La Lagune. This dwelling will be located at Gurgaon’s Sector 54.
So where’s the lull in the property market? Going by the number of HNI transactions, there doesn’t seem to be any decline in the demand. The logic is simple here, I need it and I won’t mind paying for it. And property builders are cashing on this sentiment heavily.
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Tags: buy, properties, property, Real Estate, rents, sell
April 21, 2008 at 10:34 am |
[...] The Indian real estate market is at an exciting place, where the overall scenario is somewhat sluggish, but the market for premium apartments continues to grow. Right now, buying luxury apartments is a good bet, as you are sure of a good return on investment. This is probably because India’s economy is still going strong, so people have money and don’t mind paying some extra cash for a premium real estate property. [...]