Track2Realty: Mumbai-based Omkar Realtors & Developers has partnered with ESPA International to create the first global onsite spa at its upcoming ultra-luxury residential project at Worli, Mumbai.
The surge in demand for luxury housing has been primarily attributable to a growing preference among affluent buyers for enhanced amenities and more spacious living areas that complement their multifaceted lifestyles. Moreover, the increasing aspirational class has significantly contributed to the increased demand for luxury properties. Furthermore, the rise in NRI and astute domestic investors in the Indian real estate market has considerably fueled the heightened demand for luxury residences.
Shapoorji Pallonji Real Estate (SPRE) has entered a joint venture with Kanodia’s real estate venture KREEVA to develop a luxury residential project in Sector 46, one of the most premium residential localities within Gurugram.
Spanning across 1.74 acres, the project will consist of luxury apartments, targeting discerning homebuyers in the National Capital Region (NCR). The project will offer a perfect blend of modern design, superior construction quality, and state-of-the-art amenities, offering a new standard of urban living to the residents of Gurugram.
The surge in demand for luxury housing has been primarily driven by a growing preference by affluent buyers seeking enhanced amenities and more spacious living areas that complement their multifaceted lifestyle. Additionally, the aspirational class has been on an upward trend, significantly driving luxury sales. Furthermore, the rise in NRI and astute investors in the Indian real estate market has considerably contributed to the heightened demand for luxury properties.
INR 3,500+ crore highest-ever recorded sales value in secondary/resale market in Mumbai with growth rate of 37% in H1 CY’24 compared to H1 CY’23. The top luxury micro-markets in Mumbai—Goregaon East, Worli, Mahalakshmi, Prabhadevi, Mumbai Central, Malabar Hill, Bandra West, Lower Parel, Tardeo, Byculla—have contributed to 80% of primary luxury sales by value in H1 CY’24. More than half of homebuyers in the more than INR 10 Crore luxury market belong to the 35-55 age category.
Manasum Senior Living, in collaboration with Prescon Homes Pvt Ltd, a boutique real estate development company known for its design centricity, trust and reliability for over three decades, announces the launch of IKIGAI Goa, a Senior living project nestled just a 10-minute drive from Goa’s capital Panjim. Set amidst the serene beauty of North Goa, IKIGAI Goa offers 240 fully serviced luxury residences of 1 and 2 bedroom configuration, with possession promises to be shortly, in 90 – 120 days.
While crossing through the MG Road of Bengaluru, I accidentally came across a project by Bhadra Landmark called Bhadra Legacy. MG Road, as we all know, is the Pin Code Number 1 of the city. It is the heart of the city and the first choice of the business travellers, celebrities of the city, NRIs & HNIs and the skylines of the place is dotted with the top-end hotels. The strategic importance of the place can’t be debated.
The project named Atelier Greens, focuses on offering lifestyle beyond the carpet area, drawing inspiration from making spaces where art of living grows naturally.
Salarpuria Sattva Group has launched its new project, Water’s Edge in Goa. Located at Sancoale Goa, the apartments are situated at one of the best locations – just a 5 minutes’ drive from the Dabolim International Airport.
The satellite towns and periphery locations of major cities across the country have been stigmatised as the last refuge of the struggling homebuyers. The collective consciousness looks at these locations meant for buyers who have no choice but to compromise with their wants and needs.