‘Redefining luxury’ is the new trend in today’s realty sector. Be it the young India with huge disposable income or the HNI’s the next gen want to taste the best of the best when it comes to their living space. Surprisingly, the developers have been successful in managing the ever increasing demand in the luxury segment, be it state-of-the-art living or the most sophisticated home automation along with the other luxuries like a personal pool, elevators opening right into the homes, home concierge, telemedicine and also outdoor amenities like or a mini golf courses, squash courts, indoor badminton courts, basketball courts, tennis courts, steam rooms, saunas, Jacuzzis, and more.
India has over 85,000 Ultra High Net worth Individuals (UHNIs) and their numbers are evolving every day. This segment of the society prefers luxury at every step of their lives, be it the designer clothes, the high end premium cars or the super luxury extravagant holidays. When it comes to their living space, they will settle for nothing but the most exclusive and exquisite property. The rising demand for luxury homes has given a new face to housing concepts in India. Real estate developers are launching an array of luxury projects in metros and peripheral areas, and Tier II and III cities. The reason for this demand is changing demographics and rising aspirations. Luxury homes are similar to plush hotels and are exclusive as they have special features based on their location, structure and functionality. India tops the list in the growth rate of the number of HNIs. Apparently, the realty sector of India accounts for about 40 percent of HNI’s investment portfolio. Investors understand that luxury housing is not as prone to the negative influence of recession, since the target audience itself is not dependent on home loans but operates largely with personal funds.
Inimitability being in demand, the developers are now putting in efforts to enhance and go beyond the standalone villa to an enclave format which personifies the exclusivity quotient. Besides being endowed with all the world-class amenities within the reach of each resident, the enclave format also provides the much yearned privacy to them.
Mantri Developers has always been successful in creating and including exclusive features in all its luxury projects. For example, the ultra luxury Mantri DSK Pinnacle, with a Sky Lounge-Coffee shop , an observatory to watch stars through a telescope, unique under water gym i.e Aqua Gym and a mini Theatre. Another exclusive project is Mantri Espana, Spanish-styled homes that are rich with Mediterranean landscape and glamorous amenities that transport you to Spain and the Largest clubhouse in all of Bangalore, El prado that adds to the sense of exclusivity. Both the projects have an added advantage of Smart Home technology.
The aspirational clientele seeking such opulence adopt a no holds barred approach to create a designer pad like no other, unique by means of location, décor, technology and sometimes even neighbours. What’s to stop one from indulging in the lap of luxury with a one-of-a-kind home tailored to your every whim and fancy when the sky’s the limit!