Luxury homes – a spotlight

The word ‘luxury’ is defined as a ‘state of great comfort and elegance. And, of course, it’s about things that usually involve a lot of money. In the world of luxury living, extravagant homes define one’s taste for the finest possessions in life. Owning a premium home in a coveted location from a leading brand is something to be proud of indeed. Many uber-rich home-seekers, especially Non-Resident Indians (NRIs) are doing exactly this.

Let’s train the spotlight on the luxury home domain and analyze what’s driving this trend.

Luxury price growth

Price growth for luxury homes surged ahead of the mainstream market in the second quarter of the year, according to Knight Frank’s Global Prime Cities Index which surveyed 46 urban areas around the world. The real estate firm revealed that average prices for luxury homes in international cities rose 8.2% year over year between April and June, up from 4.6% in the first three months of the year.

Future-ready

The global epidemic was an eye-opener of sorts, driving people to raise their future preparedness levels. Urban dwellers began looking for larger homes to reorganize their lives in high comfort. Wealthy homebuyers sought a more holistic sophisticated lifestyle right at their doorstep. This is where uber-luxury abodes having dedicated areas for a private gym, home theatre and executive office won hands down. Whether it’s a sweeping condominium up in the sky with a private helipad or a nature-ensconced holiday villa on the hilltops, the extravagance found its true calling in magnificent luxury homes. In fact, India Sotheby’s International Realty reveals that over 50 transactions of million-dollar ++ homes in India took place in the last 12 months, despite the pandemic lockdown.

High standard of living

If you’ve been reading the news lately, you must’ve come across snippets of information on celebrities and businesspersons lapping up crores worth of prime property in various cities around the world – mostly in the financial capitals. A number of these prominent folks were fence-sitters for the longest time. With a slew of ready luxury homes up for grabs, they signed along the dotted line to clinch the deals. Used to living the high life, the upper crest of society will not settle for anything less. It’s interesting to note that waterfront homes – sea -or lake-facing – had the highest takers among the uber-rich.

Brands win

The super-wealthy are also pretty savvy on the brand front. The top preference for luxury home purchase was award-winning projects from globally acclaimed property developers. The leading property brands in India and abroad witnessed the crème de la crème of society choosing coveted residences with exceptional worth.

This is the domain where leading developers like HM Constructions https://www.hmconstructions.com/ win hands down. The super-luxe residences at HM Grandeur https://www.hmconstructions.com/projects/details/hm-grandeur in Fraser Town, HM Tropical Tree https://hmconstructions.com/index.php/projects/details/hm-tropical-tree at RT Nagar, HM Symphony and its sky villas in Concord Tower on Sarjapur Road ORR, and HM Indigo http://hmindigo.co.in/ at the stupendous HM World City on Kanakapura Road, and HM Gladiolus are the kind of abodes dreams are made of and ones to own and cherish forever. All because they come with the brand recognition of HM Constructions.

High on tech

Living in a world driven by Artificial Intelligence and superior technology, it pays to live in a home that is replete with the latest of gadgets to make life super smooth. Uber luxury homes are appointed with a surfeit of technological excellence right from the voice, fingerprint, and face recognition security entrance features to the access-controlled dedicated parking slots and smart lighting. Automated Quick Response Systems during a fire or health emergency add to the heightened luxury quotient too. Technology that spells heightened security and superior comfort is a clincher when it comes to luxury home purchases.

Rising value

Only recently, Hollywood star Leonardo DiCaprio sold a house he had bought for his father. He sold it for $800,000 more than he paid for it in 2018. A super-luxury property will always appreciate in value – even during any economic downturn. This is why the super-wealthy aspire to possess these homes when they are at the peak of their career or business. Just the fact that premium luxury homes will be in demand in the secondary property market, High Net worth Individuals (HNIs) see their lucrative investment potential that will reap rich dividends in the future too.

As the rich and the aspirational look to desire and eventually own the homes close to their heart, the luxury home market is only galvanized into action to offer the best in its class. Luxury sure does win hands down.

Call us on  8880225555   to know more about HM’s luxurious homes.