Luxury Apartments in Mumbai

Indians today have a keen understanding of global trends and are becoming rather savvy in terms of their lifestyle expectations. It seems as though “luxury mania” has hit the people of Mumbai. No longer are they satisfied or willing to settle for the run of the mill type of apartments. If you have the money, live in luxury is today’s mantra. Real estate developers are cashing in on this growing trend in the market and you’ll find a number of real estate developers who are catering to the luxurious needs of the people. Moreover this demand for luxury is fueled by the NRI community, who are interested in investing in high end apartments.

Because of the exclusivity that it demands, luxury apartments today, are unique both in design and architecture. Moreover the location of these apartments need to be in strategic locations. Amenities and facilities are expected to be top notch, and people will settle for nothing less.

Unlike the trend abroad of fully furnished apartments, Indians are still unwilling to opt for a full furnished apartment. While the majority prefer the flexibility of choosing their own furniture, a number of people are quite open to the fact of choosing a partly fitted-out apartment i.e. modular kitchens; living rooms with extravagant light fittings, swanky ceilings and some other portions of the home also fitted out. More on Luxury Real Estate In Mumbai - Gated Communities and Luxury Fitments

Tell somebody that you live in Orchard area and you will instantly be recognised as a member of Singapore’s elite. Recent developments of retail space and condominiums in Orchard bring it closer to established metropolitan stars like New York and Hong Kong, with an entire stretch of high-end shopping malls and luxurious private residences

Not just the average shopping mall

Orchard is upgrading itself from just rows of malls to a truly luxurious and exclusive shopping paradise. A very good example would be Ion Orchard, a joint venture between Singapore’s CapitaLand and Hong Kong’s Sun Hung Kai Properties. Scheduled to launch in the fourth quarter this year, it is a world class retail center that houses haute couture retailers. This dazzling line-up pushes Orchard shopping a few notches up the ladder of sophistication and exclusivity. Shopping in Orchard in the near future will resemble that of New York’s Fifth Avenue and Hong Kong’s Nathan Road as more and more duplex flagship stores grow in downtown Singapore. Although Orchard has what downtown in New York and Hong Kong can offer, the price of property is still relatively much lower than these two cities.

Luxurious and exclusive condominiums

Strong growth spurts in the economy and good prospects in the near future have given developers the boost to conceptualize the sort of luxurious living spaces never thought possible before this. What we see in the market right now is a series of uber-exclusive and luxurious private residences. Furthermore, the developers are inching closer and closer to Orchard Road itself, rather than building their projects at the outskirts of this street because it was once considered too precious and too expensive for private residential projects.

Rising demand and record prices

The demand in the market is overwhelming. Over the past year, new developments in Orchard have been sold fast and at record prices in auctions open to only those with special invitations. This fight for a space in Orchard has led to a huge surge in prices. Projects lying slightly further away from Orchard Road but still close enough to be convenient are a good investment option. 8 @ Mount Sophia, for instance, a tranquil sanctuary hidden away from the hustle and bustle of the city yet only 20 minutes walking from Orchard Road.

Orchard Road is indeed the cherry on the cake of Singapore’s prime property market. The undergoing projects only serve to reiterate its position as the ultimate in luxurious living in a sophisticated environment. If you are looking for the best in Singapore, Orchard Road is probably the answer.

Keith Lau is a professional real estate agent based in Singapore, and may be contacted at: Singapore Prime Districts

With dramatically improved lifestyles and a burgeoning budget at their disposable, Mumbai’s rising affluent class are no longer haggling over current real estate prices when it comes to choosing their dream homes. In most cases they are even looking at second or third homes, seeking the best there is to lifestyle and quality. Builders too are no longer a chip off the old block. From glossy brochures to ‘intelligent’ advertising they too have gone all out to seek buyers who are willing to roll out the dough for a good piece of property. Of course it all depends where this prime piece of property is sought.
 
Going by the location would also determine rising prices. It further boosts the buyer’s credibility and social standing if he happens to be in the elite list of “Only by Invitation,” from the builder. Just getting an invitation is not the end of this exclusive affair. It is backed by a thorough screening of the buyer’s lifestyle followed with a series of personal interactions, rather a comprehensive background check and interviews. But then again if this buyer is part of the list, then the elite and the luxury section calls for a different story altogether.

Meanwhile the bourgeois Indian from the rising fourth generation, is seeking comfort akin to international standards with the addition of modern conveniences such as spas and saunas, swimming pools, gymnasiums, gardens, jogging tracks, etc. Thanks to the increased spending power of the buyer and the rising economy of the state, there is a growing demand from young turks and executives across the new economy. This has been more than a good boost to builders who are certainly not shirking from the demands and offering the very best that money can buy. Most builders even lend a touch of discretion to the entire buying experience, providing an aura of exclusivity to the buyer.

It doesn’t matter whether the city aims to be the new Shanghai or is referred to as New York of India, or even if some parts of the city have so rapidly deteriorated over the years that it is no longer recognizable. What matters is that today’s buyer, from the new rising generation, is well aware of the deep implications that property buying holds for the future.

There is a good blend of high rise residential and commercial townships if the buyer is learned enough to realize the amount of profit that could be garnered from further renting or leasing the property he has purchased. Moreover with the advent of multinational organizations in the city, the city has never had it so good. Taking a cue from this trend, builders have grown exponentially over the last few years, which is a clear indication that the demand and need for luxury real estate will continue to rise making a win-win situation for all.