hakone

March 25, 2008

Luxury Property in Mumbai

Hiranandani-Gardens-1.jpg“Luxury for All” -  the motto of buyers and the Indian property developers it seems. Everyone wants everything within arms reach today. The spending power of Indian consumers has increased along with the booming IT Sector, real estate and readily available, hassle-free bank loan facilities.

Due to widespread development and increased knowledge of tourism in India, it seems as if luxury properties have emerged from nowhere. Actually, we can’t really say from nowhere. We Indians have been and still are intelligent enough to and educate ourselves wisely in the ways of many other foreign countries. Our youngsters are taking degrees and diplomas from foreign universities and putting their intelligent brains to use in their own country. Thus we have many high-tech strategies for the improving the Indian economy.

Since 1999, India has seen a high growth rate in the IT Industry; the idea of luxury properties, homes and apartments has been brought into focus by the blossoming real estate market. The Indian approach to study, perseverance, enthusiasm and the desire to improve the financial position of every citizen has pushed the Indian economy forwards.

There are a number of  luxury properties which are famous both within the country and overseas. Amongst them are NCPA Towers, Buckley Court and Hiranandani in Powai, Mumbai. The first view of Hiranandani Gardens Township as you get into the wide Jogeshwari-Vikhroli link road pretty much leaves you gasping for air. It’s a wonderful sight.  From nowhere, a skyline suddenly appears with regal arches, royal and palatial domes. They have amenities like Hiranandiani School, a Club house, the famous galleria shopping mall, a beautiful Nirvana park, Hiranandani Hospital, Hakone Entertainment etc..

Unlike the capital, Delhi - Mumbai has two main advantages. First , Mumbai is never in darkness- due to the privatization of power. Second and something that affects the whole community - the water chaos during peak seasons. The smallest luxury can make one feel luxurious if you are satisfied with the basic amenities. So, in Mumbai, one really enjoys luxury, even in a small apartment which is equipped with small luxuries.

mukesh-ambani.jpgSome luxuries remain out of reach, of course. Mukesh Ambani, India’s wealthiest man, is busy creating what will be one of the most expensive private residences in the world. Rumored to be costing in excess of $1 billion, his 27 storey building, “Antilla,” will be complete with private helipad, internal waterfalls and an attempt to recreate the hanging gardens of Babylon.

The outer skin of the building has been designed to have entwined plants running through to the top of the building and will reach a height of 170 meters making it one of the highest buildings in Mumbai. The top four floors will be given over to personal space for the Ambani family, and much of the space on the lower floors to guest residences, parking spaces, and, amongst other luxuries, a movie theater.

Ambani has come in for some considerable criticism over the design of this building, mostly over the fact that it is being touted as an “eco-skyscraper,” and such a gross display of personal wealth in a city that houses one of the largest slums in Asia.
 

 

 

Filed under For Enthusiasts, Luxury Developments by Praveen Sequeira

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