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Ultra high net worth individuals & their luxury homes!

Ultra High Net Worth Individuals & Their Luxury Homes!

The luxury real estate market in India
In recent years, Indian real estate market has grown up to accommodate ultra-luxury projects meant for the uber wealthy segments. The booming economy and want of lavish lifestyle, India’s UHNIs have shown a keen interest for super luxury apartments, exclusive residences, independent villas, row houses and bungalows.

India’s economic growth story continues, adding volume to the disposable income of the HNI population of the country. According to a Wealth-X report, if the current trends continue, it is expected that India will have 4.37 lakh (437,000) millionaires by 2018.

‘By Invitation Only’ Residences
The rich and affluent class of India is fast becoming accustomed to the global ways of luxury living. Travelling abroad for work and pleasure is making them exposed to the international standard of living and now they are not just satisfied with an up market location but also are looking to upgrade their lifestyle measures. There come the ‘By Invitation Only’ residences where one can expect private gymnasium, private swimming pool even private garden, crafts of internationally acclaimed architects, modern amenities, high-end home automation systems and the privilege of private living.

The market
Branded residence similar to super-luxury cars or hosting a celebrity party is testimony to social and financial superiority. This emerging segment is alluring and hence the real estate developers of the country are taking up such projects, often in collaboration with international partners. Many developers aim to take up such project/s to raise their brand value and build a coveted portfolio.

Super luxury real estate markets are primarily Mumbai, Bengaluru, Pune, Delhi, Gurgaon, Chennai and a few other tier-I cities. Luxury residences are regarded to have massive investment potential not only by the domestic investors but also by NRIs and foreign investors. Primarily because ultra luxury segment is immune to market dynamics the rise or fall of property price would hardly have any impact on the purchasing decision of the buyers.

A few signature projects

Image courtesy: https://www.happykeys.com/

Lodha World One:
This is projected to be the tallest residential apartments in the world. The tower is designed by Italian couturier Giorgio Armani.

 

Image courtesy: https://www.happykeys.com
 

Del Sol:
There are only twelve residents in this spacious tower apartment. These individual living spaces are available in 3 bedroom, 4 bedroom and duplex penthouse configurations.

 

Image courtesy: http://esquegeneral.com
 

Lodha Solitaire:
Each 7,000 sq. ft apartment has wide sun-decks, separate servant quarters, infinity edge swimming pool, state-of-the-art gymnasium with sauna and jacuzzi, a 20-seater state-of-the-art mini theatre and conference room.

Image courtesy: https://abcbuildcon.files.wordpress.com


Ireo Grand Hyatt Residences Gurgaon

 

Image courtesy: https://www.jllresidential.co.in
Four Seasons, Noida

What UHNIs expect?

  • Privacy: One apartment per floor, private entrance, personal elevator, private deck & garden etc. would surely considered by an UHNI
  • Exclusivity: UHNIs would definitely not want to be commonplace, in terms of location and the project
  • Connectivity: Ready access to commercial hubs, airports is a must
  • Resident’s profile: The rich and famous would like to stay in a fitting neighborhood and with neighbors of similar social statures.
  • View: A golf course view, a sea view or a mountain view – it certainly a deciding factor
  • Luxury experience: Luxury goes beyond a swimming pool or a club-house. It’s much more than just the amenities. Ultra HNIs would scrutinize and evaluate a lot of other factors such as the architectural superiority, contemporary design, facilities and the luxury value before they choose their house.

 

Authored by 9amstories.com Editorial


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